“Let’s take them one by one because this feels like 2026 will be another year where individual stock picking is really going to start mattering. Remember, this is my big theme. Alphabet and NVIDIA, I think, are going to be two huge outperformers just like 2025… I gotta tell you, it does hurt me to see Alphabet as the best performing Mag Seven stock last year because, like an idiot, I sold it for the Charitable Trust. We threw in the towel last spring… But I spent the rest of the year regretting that move…Al ...

Group 1 - LiveRamp Holdings Inc. is recognized as a promising growth stock, particularly following the introduction of new AI capabilities on October 1, which include agentic tools, segmentation, and search functionalities [1][3] - The company is the first to provide autonomous AI agents with governed access to its data collaboration network, facilitating secure and intelligent data collaboration at scale [2] - New agentic orchestration allows marketers to connect their own or partner agents via APIs, enabling faster and more informed decision-making through controlled access to LiveRamp's identity and insights from 900 partners [3] Group 2 - LiveRamp operates a data collaboration platform across the US, Europe, Asia-Pacific, and internationally, indicating its broad market presence [4]

⚡️ LATEST: Ethereum co-founder Vitalik Buterin says, “Low-risk defi can be for Ethereum what search was for Google.” https://t.co/appcfwUUwW ...

Ethereum co-founder Vitalik Buterin said “low-risk DeFi” could become Ethereum’s core application, similar to how search powers Google. He noted that DeFi protocols are now more secure, forming a stable core, and that low-risk DeFi (payments, savings, synthetic assets, collateralized lending) can sustainably support Ethereum while aligning with its decentralized values. Vitalik added it could evolve into innovations like reputation-based lending, prediction markets, and flatcoins, driving global financial i ...

Group 1 - Jim Cramer acknowledged his previous negative call on Alphabet Inc. stock, reflecting on its price movement from around $140 to $234, indicating that the stock was never truly expensive despite concerns about regulatory actions [1] - The recent judicial ruling suggested that Alphabet was no longer considered a monopolist, which contributed to the stock's rise without significant market apprehension [1] - Cramer emphasized that the stock's increase occurred without remorse from those who previously deemed it dangerous, highlighting a shift in market sentiment towards Alphabet [1] Group 2 - Alphabet Inc. offers a wide range of platforms and services, including search, YouTube, Android, Google Play, and cloud-based AI solutions, alongside investments in healthcare and technology ventures through its Other Bets segment [2] - While Alphabet is recognized for its potential as an investment, there are AI stocks perceived to have greater upside potential and lower downside risk, suggesting a competitive landscape in the AI sector [3]

Market Competition - Google is facing material competition for the first time in decades [1] - AI is becoming a significant tool for search, challenging traditional search engines [1] Google's Search Quality - Despite being synonymous with internet search, Google's search quality is declining due to SEO spam [2][3] - Traditional Google search is not always effective in providing helpful answers [4] AI Search Advantages - AI search can provide more relevant answers than traditional Google search in certain situations [3][6] - AI search can guide users towards the right answer, even if it doesn't provide the exact answer initially [6] User Experience - Users are turning to AI for search when Google fails to provide satisfactory results [3][5] - AI can assist users in problem-solving when traditional search engines fall short [6]

Innovation & Workplace Culture - Google's head of search offers tips on innovation in the workplace [1] - The "Boss Class" podcast discusses how the world's biggest firms develop their best ideas [1]

Search & Feed Integration - Search and feed unified into a single thing [1]

Capital One - Oakmark 认为 Capital One 收购 Discover 将会带来益处，协同效应下，该股票的市盈率较低 [3] - Capital One 的净利息收益率有所提高，信贷表现良好，是运营最佳的金融机构之一 [3] - Capital One 有在全球范围内与竞争对手竞争的雄心 [4] - Capital One 与 Discover 的整合将使其在国内和全球范围内更具竞争力 [5] Alphabet (Google) - 人工智能和 ChatGPT 的出现扩大了 Alphabet 搜索业务的潜在结果范围，公司可能会因此提高贴现率或降低该业务部门的估值 [7] - Alphabet 在人工智能领域进行了长期投资，拥有大量资源参与竞争，并且业务不仅仅局限于搜索 [8] - Alphabet 拥有的其他资产，如云计算业务（有望受益于人工智能）、YouTube、Waymo 和 Android，占据了其市值的很大一部分，这意味着市场对核心搜索业务的估值已经很低 [8][9] - 市场可能低估了 Alphabet 的部分业务，如果仅根据表面收益来评估，可能会对某些业务产生负面估值 [11] - Alphabet 面临竞争和监管方面的担忧，但市场已经有所反映，其报告收益的市盈率低于市场平均水平，搜索业务的市盈率远低于市场平均水平 [12] Market Overview - 尽管标普 500 指数接近历史高位，市盈率为 23 倍，且成长股表现明显优于价值股，但价值投资者仍然可以在市场中找到机会 [15][16] - 价值分散程度仍然异常广泛，对于价值投资者来说，这是一个有吸引力的环境 [16] - Oakmark 构建了一个具有吸引力的投资组合，其市盈率低于市场平均水平，并且集中度风险低于指数 [17]