Is Google The Next Berkshire Hathaway?
Is Google The Next Berkshire Hathaway?
By Marcus Langford
Google is an incredible company a phenom if you will, in this age of technology that is powered by the Internet. Google has single-handedly put a stronghold on other search engines making them nearly obsolete. You commonly hear the term “Google it…..”, when was the last time you heard someone say “Yahoo! it….” or “MSN it…..”. Exactly! You will NOT hear it and even hearing it does not sound right. Google has just worked its way into the language appearing in the dictionary as a standard definitive word. It s truly incredible how much this relatively young company has shaped the Internet and life as we know it.
To match the rapid growth of the company and its influence on pop culture, Google s price-per-share has also grown at the speed of light it seems like it. Unless you have been living under a rock and if you are true business person, then you know that Google s share are climbing to the $650 mark. This too is even more impressive as Google s price-per-share was a humble $85 when the company went public in August 2004. Just a tad bit over three years later, Google s share price has increased sevenfold and is continuing to climb as they make more high-dollar acquisitions. Launching partners Sergey Brin and Larry Page are both worth around $19 billion and their individual dollar value skyrockets as their company dollar value does.
The Google stock is growing to news leap and bounds and pretty much only one other company has had a stock skyrocket so steadily: Warren Buffett s Berkshire Hathaway. Now, Mr. Buffett took over this textile firm in 1965 when he was around 34-years old. Though I am unaware of what BH s share price was when it first went on the market, today the shares are about $123,000 a pop that s a hefty price to pay to be associated with the world s greatest investor, but I am sure his shareholder s feel it is worth the buck. This truly wouldn t surprised me.
Kudos to Google!!!
An architectural project manager by profession, I Founded Langford Internetprises, an Internet Affiliate Marketing conglomerate.
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