Subject: Alex Karp
"“Overvalued” depends on what you think you are buying.
If you see Google as a slow tech stock, 30 times earnings looks rich.
If you see it as the operating system of search, ads, YouTube and a real AI and cloud platform with 30 percent plus margins and a fortress balance sheet, the multiple is the price of that durability."

https://x.com/AlexKarp_1/statu...