Harry Newton's In Search of The Perfect Investment
Technology Investor. Harry Newton
AM EST, Thursday, August 6,
2009. Stress can really kill. My friend, the doctor,
tells me many of his friends have picked up horrible diseases in the last couple
of years -- as a result of stress, he believes. He can't prove a direct connection
between stress and weird stuff like MS, heart disease or diabetes. But he says
talking to them about their personal finances often brings up the same story
-- investments gone south, margin calls, no cash, forced to sell their main
house into a weak market, etc. And the resulting marital problems.
is no easy solution. But friends under huge stress tell me they're coping with
a combination of strategies, chief of which are exercise, rest (especially catnaps)
and reduced food intake.
do like this quote from Pico Iyer, who writes a column called "The doctor
You make your
way to happiness not by fretting about or trafficking in New York Age animations,
but simply by finding the cause of your suffering, and then attending to it,
as any doctor (of mind or body) might do.
It's more stressful
to lose money than it is pleasurable to make money. It's even more stressful
to find that little is working. It's been a hard year. Many managers have actually
I looked at the
recent returns of my remaining money managers. In July, the S&P 500 went
up 7.6%. But most of my managers were up 0.5% -- less than one percent.
I know one is seriously annoyed at himself. He shouldn't be. He didn't lose
money. But the competitive pressures (self-inflicted) are strong.
and inverse ETFs are supposed to make a daily move inverse or double
of what the underlying index does. Yesterday my reader friend, Robert Coates
wrote. "Those leveraged and inverse ETFs which you wrote about yesterday
are good -- but only for the one day. They are to be used only for short-term
moves of a day or two. That's it. Of course the brokers didn't understand and
thereby mislead their clients. They didn't understand what they were selling.
These ETFs can be very useful for very short-term traders."
Reader Tom Durff
Coates is absolutely correct.
of the inverse ETFs clearly state that their objective is based on the intraday
moves of the index. They are designed for daytrading, not for holding. Why
else are the trading volumes so high. People who understand them are in and
out multiple times each day.
Not only did
the brokers not know what they were selling, but the firms don't make as much
as they would from higher margin products. Hence the campaign against them.
Anything that helps Wall Street is favored by regulators, all else is disfavored.
To hell with the public.
roadshow presentation. If you want access, drop me an email -- .
They priced last night's secondary at $31. STEC closed last night at $33.59.
So presumably, if you got some shares you're up a few shekels. And selling them
this morning will be today's game by many institutions. I suspect the price
will drop a little and then bounce back. I do like the STEC's main business
-- solid state drives for high-end storage servers. Fast. Safe. Reliable.
Sadly, they don't
make a sold state drive I can pop into my laptop. But these laptop friendly
drives are here from others. The technology is expensive -- about seven times
as expensive as a moving disk platter drive. But the solid state ones are coming
down in price and increasing in speed. Maximum PC magazine this month
wrote glowingly of a 128 gig drive called the Patriot Torqx MLC SSD. And it's
"only" $425 from Amazon..
is in the bottle. I'm obsessed by finding the
magic bottle -- another WD-40, another New Skin, another Gorilla Glue. Here's
my latest find:
Removeez is the
idea of Jeremy Alcock. This is Jeremy and his family:
His kids play
with magic markers. They pick up beach tar. They had bandages that left adhesive.
Jeremy saw opportunity for something that would work safely on young skin. Four
years later after much testing, reformulation and hand bottling, he's selling
Removeez on Amazon and distributors are lining up to sell the product. The product,
which is based on citrus oil, is "as natural as possible," Jeremy
told me. He has four scents -- largely added to mask the citrus oil smell. Lavendar
is most popular with women. Clove is most popular with men.
me most about my chats with Jeremy -- his thoroughness, his obsession with "getting
it right" and his attention to design and packaging. Check out his web
site. It's one of the most beautiful I've ever seen. You can buy his
Removeez on Amazon.
I haven't tried Jeremy's Removeez yet. But I'm hoping Jeremy will send me
a bottle for this nice writeup. Hint. Hint.
best Sarah Palin jokes
+ "According to a new poll, 42% of Americans say they would
vote for Sarah Palin for president in 2012. They also said they'd support her
decision to step down in 2013." --Conan O'Brien
Obama right now is in Russia. Obama went there because from Russia you can actually
see Sarah Palin cleaning out her office in Alaska." --Conan O'Brien
according to a new post-election survey, people want Sarah Palin to run for
president in 2012. It says she's been getting thousands of calls from people
pleading with her to run, all Democrats." --Jay Leno
+ "It's an
emotional day. A lot of us are still mourning the loss of one of America's most
entertaining figures, who left us all too soon. But don't worry, folks, Sarah
Palin will be back. Comedians everywhere are praying." --Conan O'Brien
The only cow in a small town in Poland stopped giving milk. The people
did some research and found that they could buy a cow from Moscow for 2,000
rubles, or one from Minsk for 1,000 rubles. Being frugal, they bought the cow
from Minsk .
The cow was wonderful.
It produced lots of milk all the time, and the people were amazed and very happy.
They decided to acquire a bull to mate with the cow and produce more cows like
it.. Then they would never have to worry about the milk supply again.
They bought a
bull and put it in the pasture with their beloved cow. However, whenever the
bull came close to the cow, the cow would move away. No matter what approach
the bull tried, the cow would move away from the bull and he could not succeed
in his quest.
The people were
very upset and decided to ask their wise rabbi, what to do. They told the rabbi
what was happening. "Whenever the bull approaches our cow, she moves away.
If he approaches from the back, she moves forward.
When he approaches
her from the front, she backs off. An approach from the side and she just walks
away to the other side."
The rabbi thought
about this for a minute and asked, "Did you buy this cow from Minsk ?"
The people were
dumbfounded, since they had never mentioned where they had gotten the cow. "You
are truly a wise rabbi," they said.
you know we got the cow from Minsk ?"
The rabbi answered
sadly, "My wife is from Minsk "
This column is about my personal search for the perfect
investment. I don't give investment advice. For that you have to be registered
with regulatory authorities, which I am not. I am a reporter and an investor.
I make my daily column -- Monday through Friday -- freely available for three
reasons: Writing is good for sorting things out in my brain. Second, the column
is research for a book I'm writing called "In Search of the Perfect
Investment." Third, I encourage my readers to send me their ideas,
concerns and experiences. That way we can all learn together. My email address
is . You can't
click on my email address. You have to re-type it . This protects me from software
scanning the Internet for email addresses to spam. I have no role in choosing
the Google ads on this site. Thus I cannot endorse, though some look interesting.
If you click on a link, Google may send me money. Please note I'm not suggesting
you do. That money, if there is any, may help pay Michael's business school
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here and here.