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True. But consider Google's effective inflation rate. A lot of things they care about - say, Palo Alto real estate - are getting more expensive faster than 3 pe
by finisterre 15y ago
True. But consider Google's effective inflation rate. A lot of things they care about - say, Palo Alto real estate - are getting more expensive faster than 3 percent. That money is losing value. Spending on acquisitions or otherwise investing in the business should yield a far better return.
- robryan 15y agoIf the right acquisitions present themselves, they already do a lot and at their level there just aren't as many easy win companies to acquire. I think if I was an investor I rather them lose a little bit of opportunity on their pile of cash than say drop $10 billion onto something like groupon.