$Alphabet(GOOG)$ $Alphabet(GOOGL)$ It’s been a fantastic ride so far, and we’re just sticking to our strategy—buying more when there’s a dip and the price is right. The goal is always to buy great companies, run by smart, solid people, at a fair price and hold on tight. That’s the Buffett and Munger way, and it’s been working. We’re all in on Google for the long haul.

When it comes to Alphabet, we’re still really bullish. We think the market’s not fully pricing in the massive potential that both Search and YouTube have long-term. A lot of folks are still stuck in this mindset that Alphabet’s management is dragging their feet on new markets, but honestly, we think that’ll change. Sure, we’re cautious, but if the company continues to innovate like they’ve been doing recently, we could see this stock shoot up.

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