Financial Opportunities Forum (October 2014) Presentation by Rajeev Thakkar.

The topic was on Google and why it has the widest moat unlike other technology companies. The arguments were in favor of why Google is compelling business to own rather than shun technology.

The points that surfaced from the presentation were lucid.

a) Google has built an eco-system and it percolates in majority of individuals today in the globalized world.

b) Various services offered by Google are not replaceable by competitors. The search engine is in multiple countries and languages. The search engine is constantly upgraded.

c) Google thinks of paradigm shifts rather than small changes. Fore example internet across the globe, accessible via the balloons.

Charlie Munger who was a Google sceptic has admitted that Google has the widest moat today. With the world moving towards the mobile applications, Google has an enviable presence in the software and application world.

Therefore, Google is a compelling business to own and is ahead of most conceivable competitors.

Disclaimers:

Any reference to / view on a specific company / companies in this presentation, have only been made for illustrative / explanatory purposes and should not be construed as a recommendation.

Also, this view holds good only at that specific point in time, and we reserve the right to alter the abovementioned view without serving any ante / post facto notice to the viewers.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Rajeev Thakkar

He is the Chief Investment Officer of PPFAS Mutual Fund.

Regarded by many as a polymath, his presentations, cover diverse topics ranging from the state of the shipping industry, corporate leadership, capital allocation and individual companies like Google. His audience usually takes to him wholeheartedly, as he possesses the endearing quality of 'talking to' them and not 'talking down to' them. Apart from them, certain presentations may be made by a few of their colleagues on account of them being well versed with a specific topic.

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