This document summarizes Rand Fishkin's presentation on Google ranking factors. It discusses correlations found in Moz's 2013 search ranking factors data and what they indicate about factors like links, social signals, and content. It also describes a SEO test Rand conducted where exact anchor text match links outperformed non-exact match links, showing anchor text still matters. Finally, it presents three hypotheses Rand has about what Google is doing: that carousels are connected to entities and brands; Google ranking favors frequently mentioned brands from diverse sources; and Google uses search and visit patterns to connect words and rank results.