Yeah for all the possible criticism of Google he's seriously arguing it's that there's too much speculative R&D? Generally companies become irrelevant by trying to hold onto their cash cow and not trying to reinvent / find new revenue streams.
I can think of ways I would have approached some specific instances differently (e.g Waymo), but the existence of speculative projects isn't evidence of waste. The specific callout of retirement accounts is strange too. I'm sure many institutional investors are backed by 401ks but is that actually representative? As a wealthy investor I'm guessing he's thinking more about himself and his dividend than other's retirement accounts.
Ya, the retirement account thing sounds to me like a lame attempt to justify his logic “for the people” or something, when his whole premise is that Google could have made a few rich people richer. I’ve honestly never hated a VC more
I can think of ways I would have approached some specific instances differently (e.g Waymo), but the existence of speculative projects isn't evidence of waste. The specific callout of retirement accounts is strange too. I'm sure many institutional investors are backed by 401ks but is that actually representative? As a wealthy investor I'm guessing he's thinking more about himself and his dividend than other's retirement accounts.