Raymond

So it goes on and on.

And those are putting a lot of money into to develop a self-driving taxi service to make us even more lazy.

Is that the thesis?

Yeah, I think Google helps with that.

It's becoming more ingrained in everyone's lives.

And that's pretty much the main reason why I think Alphabet is likely going to be a long-term compounder because it's so relevant to everyone's lives and we're so reliant on it.

I mean, when was the last time your friends or your parents asked you something and you had to Google for it?

When I think of key risks, with the upcoming rising inflation and high interest rates, I think it's going to have a massive dampening effect on advertising spend.

And advertising spend still makes up a majority of Google's revenue.

But in saying that, Google is still on the top of the advertising value chain in that they control the ecosystem.

So a lot of businesses, content creators, even our business is kind of reliant on Google.

So that kind of showcases how powerful Alphabet is or Google is.

The other key risk I would mention is as Google becomes more relevant to people's everyday lives and becomes more powerful and has that monopoly, I think that attracts more media scrutiny.

And it's already in the media a lot of the time.

But it does, you know, there's a greater risk of more regulation.

Yeah, number two is definitely more obscure compared to Alphabet and Google.

It's a company called... It's got Alphabet.

It's got letters in it as well.

So PWR Holdings.

So PWR, it develops cooling solutions and products for really high-end vehicles.