No respect at all.
Traders and Hedgies may know their charts, but they don't know GOOG. Witness this exchange between Stupid Trader and Google Guy:
Stupid Trader: "Google has only one business - it's just an advertising company, like the New York Times."
Google Guy: "Google is an automated, infinitely scalable vacuum cleaner that extracts cash from the world. They don't need another business. Next question."
Stupid Trader: "Google is cockamamie. A bunch of clowns. They give everything away free. They give their employees Friday off. They give prizes to spaceships. They give their CEO a pass on earnings call day."
Google guy: "Everything Google does is tactically and strategically designed to increase traffic to their vacuum cleaner. Next question."
Stupid Trader: "They can't execute."
Google Guy: "Yes, they can."
Stupid Trader: "They put NEXUS out with no customer support service."
Google Guy: "So?"
Stupid Trader:
Google Guy: "Next question."
Stupid Trader: "Apple will rule the world."
Google Guy: "Apple is a gadget-maker. They don't know anything about vacuum cleaners. Next question."
Stupid Trader: "China."
Google Guy: "Google."
Stupid Trader: "They took themselves out of the biggest market in the world."
Google Guy: "No, they didn't. They just moved to a nicer neighborhood. Google still has 30% of China. Are you really buying Baidu?"
Stupid Trader: "I was thinking about it."
Google Guy: "Next question."
Stupid Trader: "Google is too big. They can't keep growing every year like they used to."
Google Guy: "Oh, yeah?"
Saturday, May 22, 2010
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