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When I came across this Ticker Sense post on Google (NASDAQ:GOOG) topping $500 a share, I thought about a couple of things.

First, my memory is that everyone was going ga-ga over Google about the time that I launched Controlled Greed.com in April 2005. My first stock pick on my blog was General Motors (NYSE:GM). And, let me tell you, if you wanted to start a blog at that time with hopes of building a large readership fast, you couldn't kill your chances any quicker than by recommending the Detroit dinosaur that many forecasted was headed for extinction.

Especially when Google's stock price was growing by leaps and bounds by the day, if not by the hour.

Now, I'm not saying my investment in GM has or hasn't performed better than Google. I don't know. And I don't really care.

fishbarrelThe fact is, I'm constitutionally incapable of buying the Googles of the world. Even when traders I'm familiar with say "it's like shooting fish in a barrel." God bless 'em and I hope they make a mint. It's just not my game.

But GM was and is. Yes, it could still be a loser. Heck, it could still go bankrupt -- if the United Auto Workers Union decides to commit suicide. I don't think that's going to happen. And I'm content to maintain my position because I think this baby still has room on the upside.

The second thing that came to mind reading about Google topping $500 was this: You see, the Ticker Sense post listed all the companies with a smaller market cap than Google. Look and you'll see some impressive names.

So I remembered reading an interview with the guys at Tweedy Browne. Gosh, it must have been about 1991. At the time, Wal-Mart (NYSE:WMT) was all the rage on Wall Street. And the Tweedy Browne folks played a game in their office called something like, "What can I buy for my Wal-Mart?"

They took Wal-Mart's market cap and listed all the world-class companies you could buy for that amount. I wish I'd clipped the article, because it'd be fun to look at again.

Today, many view Wal-Mart as a value stock. I wonder if investors will say the same about Google in 15 years time?

Source: Why I'm Incapable Of Buying Google