The problem with businesses is that they are living beings. They eventually die. Almost all of them.
So, even if some businesses are extremely solid at one time, they eventually grow old, get cancer and die.
I mean, I really like some stocks, but most of them ride a wave. They benefit from a certain fad which will fade.
Google is in another dimension to me. OK, Google probably won't last forever, but among all my portfolio, it's probably the stock for which survival won't be a issue for a long time.
When I read, a few years ago, that Google build their servers close to dams, I realized that it was one of the strongest barriers to entry. Who could, overnight, start a company that will have sufficient funds to reach that level?
Their last results were out yesterday. What about a 20% growth for a 870 billion dollars company? Isn't it incredible? And don't forget that Google is the center of our world when it comes to Internet. It's a reflex. It's a no-brainer. You go on the Internet? You use Google.
These results would be very good for a small cap. How could we qualify them for a giga cap?