IP Capital Partners 2Q 2017 Investor Letter

IP Capital just published its second quarter 2017 investor letter.

The letter is  deep dive into Alphabet Inc (GOOGL).

With the evolution of systems that track users’ online attitudes, it became possible to monitor them until the time of purchase. As a result, advertisers have definitive proof that their investment has paid off. This basic concept is at the heart of the money-making machine Google has turned into...

At some point, Google’s revenue growth will saturate and keep pace with the growth of the global advertising market...
The perception that the digitization of advertising still has a long runway ahead and that Google remains one of the leaders in this process makes us believe that this moment is still far enough to justify our investment...
Based on its original mission to organize the world’s information and make it available and useful, Google has created a fabulous collection of assets. As an “invisible toll” on the Internet...

Find the full letter here, or in our letter section: Hedge Fund Second Quarter 2017 Letters

IP Capital Partners 2Q 2017 Investor Letter

 

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