The World’s Best Stock Picking Contest
All of us are squeamish about our stock portfolio. We have too much technology. We’re eyeing biotech, defense and dividend growers.
For the first person who sends me his top non-technology picks, I will send you a copy of:
Earlier this week, my ultra-successful friend and investor, Emmet Stephenson wrote me:
The book was originally published in 1923. It’s a great study in market psychology, and human mistakes playing the market. Livermore made and lost multiple fortunes and eventually committed suicide, but studying his investing history is beneficial because it is about what both to do and not to do.
I love this story.
The story from Business Insider:
After the crash, Ethereum snapped back to around its pre-flash-crash level.
It’s now up about 3,601% so far in 2017.
As to why it crashed, as to why it’s up 3,601% this year, I have no clue. Zero clue.
Anyone got a clue?
The Internet’s Power
In the old days you had to own the media — magazines, newspapers, TV stations — or to be powerful.
No more. Now anyone and their uncle can post horrid (or good) words about you and your products.
The result can be devastating.
Take Uber and the case of Susan J. Fowler.
Uber hired Ms. Fowler as an engineer. They treated her poorly. Though she loved her work, she hated Uber’s culture, including widespread sexual harassment at the company. After a year she left and wrote about her experiences at Uber:
Reflecting On One Very, Very Strange Year At Uber
The piece was devastating. It went viral. It caused turmoil inside Uber, opening the door to other complaints and investigations. It cost the CEO (and founder) his job. And it’s costing Uber millions of dollars in lost revenue. (Susan and I have switched to Lyft.) It’s a fascinating story. Click here.
Real estate changes
Real estate is dead, killed by Amazon. So the landlord/owners are repurposing their dead shopping centers. For a neat piece on where that’s going, the New York Times wrote:
Deep in the Malls of Texas, a Vision of Shopping’s Future
It’s a fascinating story of what shopping centers are becoming. Click here.
Who do you want as a partner?
I have a simple rule:
If they respond promptly to emails, they’re good guys.
If they don’t, don’t get into bed with them.
Favorite photos
Now you know what it’s for:
News in Israel
An elderly Jewish man is sitting on a park bench reading El Jazeera’s anti-Jewish, anti-Israel newspaper. His best friend walks by, sees the paper, and stops in shock.
“What are you doing reading that paper? You should be reading the Maccabean!”
The elderly man replies,
“The Maccabean has stories about intermarriage, anti-Semitism, problems in Israel … all kinds of troubles for the Jewish people. I like to read about good news.
“El Jazeera’s paper says… The Jews have all the money … the Jews control the press … the Jews control the banks … the Jews control Hollywood. At my age it’s better to read good news!”
Harry Newton, who is curious to see what the Democrats, after their zero for four loss, will do now. Today, Trump has an excellent shot at a second term. Tax reform and infrastructure spending (if done right) could boost the stockmarket for the rest of 2017. That will be hugely popular with the Republican base. I’m not complaining. It’s nice to have the market go up and be covered by Medicare — as my Yag Laser eye operation yesterday was.
I suspect that few of the 20 million people who will lose their health insurance, actually vote in elections anyway. The Republicans figured that out long ago. It’s sad for poor people.
Harry, …this is an eye check for you. My picked stock pick is Australian “penny” Stock which also trades OTC as either or . Support your old country mates and buy a handful (I have the book already thank you and waited for a more deserving soul to enter your game). Lynas Corp Limited is a rare earth company and sell to the magnetic producers of windmills and EV’s, etc. -mainly Japan & China of course. Can you read them like at the doctor’s office but from 28.37 inches away here? 🙂
Harry couldn’t you have afforded the laser eye operation out of pocket? Maybe “shop around” and get the best deal?
Letting rich guys stick medicare is a symptom of broken government. I’m not sure what’s morally worse: inept government making this possible or hypocritical lefties taking advantage of it.
Did not the rich guy pay for his medicare?
I am not a leftie by any stretch of the imagination, however, I agree with Harold.
I once wrote a check for $40 million to the IRS. They did not send a Thank You. But I think it paid for my 3 minute Yag laser treatment this week. Seriously, that’s all it took. Ten zaps with the laser and I ws cured. A miracle cure.
No, during his working years he paid for other people’s medicare. These days, younger people are paying for his medicare.
IMHO
medicare is simply a form of welfare. That’s the moral question:
should a rich person be able to draw welfare from the government?
My wife and I have both had our cataracts removed 8-10 years ago…our doctor alerted us at the time that in 10-12 months we may experience a degeneration…come in and he would zap them with a laser…he did and our eye sight returned to normal…our Sun City doctors are geriatric experts. Our distance vision is excellent, however, we do use 250 power reading glasses from the 99 Cent store for reading and computer (recommended by our eye doctor). Our eyes are also more sensitive to sunlight so sun glasses are always worn out doors.
Apparently, ethereum dopped all the way to 10 cents. One person had an order in for just over 3,800 ethereum if the price fell to 10 cents on the GDAX exchange. Theoretically this person would have spent $380 to buy these coins, and when the price shot up above $300 again, the trader would be sitting on over $1 million. http://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html
Where do you trade Ethereum? Where do you trade Bitcoin?
Try Coinbase
My stock is HPS. When do I get the book?
When you send a mailing address.