Why have you recently added Google to your portfolio?

Rainey: Google's obviously a large-cap name with about $40 billion of cash on its balance sheet. When you back out the cash, we figure we're buying the leading light in search and one of the leading lights in placement advertising for about 12 times forward earnings. It's a cheap stock and good things happen to cheap stocks.

-- Reported by Gregg Greenberg in New York.

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