Competition happens. And fast.
Once upon a time, Whole Foods invented natural, organic food.
And it boomed.
Then every supermarket and its uncle started with the natural, organic. And look what happened:
I once loved WFM because we shopped there. And the food was great. (The Peter Lynch theory of investing.) I sold out when it started to drop and when I could buy natural, organic everywhere.
WFM is still not worth buying. But..
Asset prices changes. Commercial real estate dropped by 50% after 2008. That’s when you should have picked something up.
The stockmarket is public information.
Asset classes that aren’t daily headline material offer great opportunities.
A friend just picked up two jets. They’ve come down in price because it is now easier to fly by the hour on one of the zillion rent-a-jet services. He’s going to rent his jets to one of the rent-a-jet people.
I found an article listing The top 5 private jet charter companies — none of whom I’ve ever heard of.
That’s not surprising, since my idea of luxury air travel is “extra leg room” on JetBlue.
The article includes a photo of a Victoria’s Secret helicopter — for no apparent reason except the author figured the photo to be fun. My feeling also.
Top jet charter company is XOJET. The article is here.
In short, asset classes fluctuate wildly over the years. Follow a few. Learn them. You’ll do better buying out of fashion assets than buying most stocks — or God Forbid, gold.
The ugliest, most useful hat ever invented
It’s called the Sunday Afternoons Adult Adventure Hat. This hat covers more of you than any other hat I’ve ever found in years of searching. It’s UPS 50+, which means that only 1/50th of the UV rays can pass through this ugly hat. It costs $39 and is worth every penny if your skin is as awful as mine. Click here.
Don’t so stupid, again.
You can’t do what 25-year olds do. You can’t bicycle with them. You can’t lift weights with them. You can’t run with them.
Your body is older, but, sadly, not your ego. Don’t let your ego control you.
Get injured now, and you may never recover. I have too many friends hobbling around.
Hold the railing and watch that bottom step.
I hate endlessly writing “Don’t Do Stupid.” But then, I just meet a dear friend who just did Stupid. Really stupid!
+ Flat TVs are now cheap. Samsung TVs are the best. You can buy a giant 65″ for $1,400 or for $2,500. Samsung makes TVs in series. The latest (and priciest) is the 9000 series. To me, the 8000 series looks perfectly fine. But you won’t really see any difference if you buy the 7000 series. In short, don’t go into Best Buy and buy what’s hanging on the wall. It will be the priciest. I believe a big screen TV, Roku, Amazon Prime and Netflix are the best pleasure investment you can make today. For under $1,500 you can get a 4K ultra high definition TV that will blow you away with its clarity, speed, brightness and black blacks. Check one out at Best Buy this weekend. This stuff is simply amazing. Don’t buy Samsung stock, however. Buy Netflix.
+ Go to youTube and search of “Federer”. You’ll be amazed at what comes up.
His best ever shot. His best backhands. Match highlights. Massive serve power. He’s my hero. In two hours, I’ll go out and play — sadly, not like him.
+ Run a small business? Make sure you send out invoices with your wiring instructions. It really is easier for me to pay you by wiring you money — not writing a check, finding a stamp, an envelope and a post box… and then losing the envelope.
Never lie to your Rabbi
At Friday night services, Morris goes to his friend Irving and says, “I need a favor. I’m sleeping with the Rabbi’s wife. Can you hold him in synagogue for an hour after services for me?”
Irving is not very fond of the idea, but being Morris’ lifelong friend, he reluctantly agrees.
After services, he strikes up a conversation with the Rabbi, asking him all sorts of stupid questions – just to keep him occupied.
After some time the wise Rabbi becomes suspicious and asks, “Irving what are you really up to?”
Irving, filled with feelings of guilt and remorse confesses to the Rabbi, “I’m sorry, Rabbi. My friend is sleeping with your wife right now, so he asked me to keep you occupied.”
The Rabbi smiles, puts a brotherly hand on Irving’s shoulder and says, “You better hurry home, Irving. My wife died two years ago!”
This is funny (irrespective of your politics).
Trump says he has been treated very unfairly by people who wrote constitution
WASHINGTON (The Borowitz Report)-Hinting darkly that “there’s something going on,” Donald J. Trump complained on Friday that he has been treated “very unfairly” by the people who wrote the United States Constitution.
“If the Constitution prevented me from doing one or two things, I’d chalk that up to bad luck,” he said. “But when literally everything I want to do is magically a violation of the Constitution, that’s very unfair and bad treatment.”
Lashing out at the document’s authors, Trump said that “America is a great country, but we have maybe the worst constitution writers in the world.”
“Russia has much better constitution writers than we do,” he said. “I talked to Putin, and he said their constitution never gives him problems.”
“The situation is very unfair!” he added.
In an ominous warning, Trump said that, as of Friday, he was putting the writers of the U.S. Constitution “on notice.”
“I don’t have their names yet, but that’s something I’m looking into,” he said. “These jokers are not going to get away with this.”
Harry Newton, who has three present pleasures — playing tennis, writing this column (it’s fun, despite the flak I get for being “liberal”) and being with friends doing neat, new interesting things — like wind farms and solar electricity — both huge, new opportunities. I don’t see myself as a “liberal.” I see myself as a pragmatic conservative. I don’t like to waste money. But, if I spend it, it should work — be productive, and help us all. I actually believe the taxes I pay are a reward for the opportunity this country has given me to earn the money. One year I wrote the IRS a check for $40 million. They never sent me a Thank You. Not nice!