Towards today’s close, it looks like this:
The Dow is up nicely. Nasdaq tech stocks are down not so nicely.
Some of our favorites are doing awfully — Square, Facebook, Amazon, Netflix, Paypal, Alibaba.
If you look at each day, one day you’re a genius. The next day an idiot.
Today, I’m an idiot.
Can I control this? No.
I don’t need to look at it every day.
I can figure happiness. I’ve been reading on happiness for months. There are happy places like Norway and Bhutan where I don’t want to live.
My phone rings. My friend’s portfolio is down $160,000 today. Forget the $160,000. He’s unhappy about the $190 he just got fined in New York City for going through a red light on a bicycle. I tried to cheer him. It could have been his second offense — $550. Or his third — well over $1,000. New York City is serious about red lights, occasionally.
In misery, there is opportunity. There is a place called TicketClinic.com.
The best discussion on happiness is brand-new, just out:
Click here.
Happiness for me used to speaking in front of 1,500 people and making them laugh. Sadness is when the 90 minutes ended.
Happiness today is reading stories to my grandkids. Unhappiness is when one of them, Peter, coughs in my face.
Happiness is a great backhand down-the-line winner.
Happiness is when I can afford the lifestyle my family (and I) enjoy.
Happiness is also the joy of figuring the “logic” of things. Latest logic:
+ Marketers are adding “features” to things. Air conditioners (which I’m looking at) come in many “stages.” The top end one is twice the price of the low end one. Yet they both cool to the same temperature.
+ Bitcoin is fantastic marketing hype. Only five million bitcoins. Ten million users, up from five million a week ago (or whenever). Brilliant marketing. Great story.
I love marketing. Once I gave away buttons:
My point? When pushed as sushi, they sold more cold dead fish.
Today I’ve lost more (on paper) than the most expensive Tesla.
This afternoon I’ll dive my Subaru Outback to tennis and hit at least one down-the-line backhand.
I didn’t want a Tesla anyway. Maybe.
Harry Newton, who still doesn’t own any Bitcoin, But notes that today bitcoin fell from $11,365 to $8,905 — about 22%.
Enjoy the day. Find yourself one down-the-line backhand winner.
Meantime, look at this baby. It's in our portfolio. One year of UNH:
UNH being up big is no surprise to me Harry. Our company has United health insurance – premiums are up and claim payouts are down. Recipe for success.
Happiness for me used to speaking in front of 1,500 people and making them laugh. Sadness is when the 90 minutes ended.
Ah…yes, I remember them well…enjoyed many at TCA and ICA plus a few others.
I can;t imagine having to listen to Harry for 90 minutes. That sounds dreadful and painful. I’d rather be caned.