Google, or: Why I’ll Never Be Good at Stock Predictions

When Google’s stock was first offered, people were saying it would go to $200. I didn’t buy. I didn’t think there was any way the stock would get that high.

When it hit $200, they were saying the target price was $300. No way, I thought. It hit $300, and they were talking about $400, and when it hit $400, all the discussion was about $500. I thought it would never happen, but it did. $600 came next, just yesterday, and already I’m hearing $700 is a reasonable target.