Reynolds Holding and Robert Cyran discuss the search giant's six-decade airfield lease and the benefits of long-term thinking in the face of Wall Street skepticism.
Google's been known to cast that sign into the future before but today we have some concrete evidence that it's putting its money. Where its mouth is it's at least Moffett airfield the historic naval base at San Jose in its backyard. For sixty years rob. How many companies think sixty years ahead. Will sell a lot of companies think long term music companies have you seen a couple of her fifty year bond you see companies buying property. But this is really. Avert you know sunny sixty released this means okay Ramirez just here's a obligation and it's not a bond it's it's it's an air field with huge hangers that you used to house curator polls and it's there's something not on their interest it also will live in May clear for a long time that it you know they'd they refuse searched just kind of as a means to an and Indiana is actually artificial intelligence and camp and what they're doing is it. With this feel they're gonna have they're gonna have their experience with drones that are riots that. Our official tells Arizona and I don't know robots is always traveled all these very very long term things lynch which actually which is which is instinct is Wall Street. Don't really. Give any deli tuna can reward them when the big emphasis now because this quarter. Because of that yet the emphasis on this quarter and also we have to figure out OK so what tech companies actually. If for fifty years ago are at the cutting edge technology to rent probably not right and lost it kind of looks at Google's ambitions that's probably the same things gonna Purina. You know these are all really interest in things that you know. Probably not gonna happen and so let's focus on what they're gonna do an advertising that are next quarter of the quarter Brian and FaceBook we saw a little bit of that of this with FaceBook last quarter of these ten year plans and then the stocks sold off very dramatically that they want and why is that because because investors think OK that means a lot of money's gonna be spent on these things and we're not gonna see any reward the words can be so hard on the note that the actual. That the discounted value that the present value that you essentially nothing can. What tinged in those if it probably too few companies actually invest in the long term for societies. That right thinking this way. Right you know a product near sixty years my kids are gonna be here that makes sense Google's. If you hit. Yeah I agree groove thing here so it makes sense we need to invest a certain amount and and they benefits don't necessarily crude Google but they critic everyone across society you know there's gonna be too little investment in the future going on in societal term you know. So it may not be great for boob it's great for us right interesting a story will be watching that one as well as others. In the meantime stay tuned for more breaking views tomorrow.