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Difficult industries not to own. And one to own and why.

Difficult industries not to own:

I like tech for one reason:

It’s infinitely scaleable as a result of The Cloud’s infinite capacity and the continued explosion of ways  on the Internet to get to it.  Think of the progress of media: first thin copper, then thick copper (called cable), then fiber and soon mobile’s 5G. Think of what you’ll able to do when your mobile phone speeds are twenty to thirty times faster than what they are today. Think how many 5G iPhones Apple will sell. 5G begins soon.

Today Business Insider reported that Apple’s App Store has made Apple at least $40 billion in revenue since it was created 10 years ago today. What a lovely business selling music, games, podcasts, expense trackers, Nike workouts, and even more games. And the marginal cost of selling and providing all these apps to its adoring fans — close to zilch. Does the App Store waste any money on advertising?

This tech stuff is the stuff I love.

Here is all the stuff I dislike. It’s too hard and too unpredictable.

+ Biotech
+ Marijuana (despite being 100% legal in Canada in October)
+ Cryptocurrencies, like bitcoin and ethereum
+ Miners, especially exotic ones like lithium miner Albermarle (last two years)

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+ Energy companies, like Exxon Mobil (last two years)

XOM

+ Tobacco companies
+ Most retailers — except those with their own proprietary products and there are precious few of them.
+ Stocks that jump hugely on earnings (last two years)

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+ Companies caught in Trump’s crosshairs, e.g. Harley Davidson, Pfizer, and Ford.

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Ford

4 Smartphone Apps That Aggressively Block Spam Calls

From the Wall Street Journal. Click here.

Rosie’s run-in

If you own a small dog, keep it well away from bigger dogs. Dogs are unpredictable.

Little Rosie got attacked by a big dog on the weekend.  Rosie’s right eye got bitten and is now in bad, but mending shape.

RosieEye

My friend is on a crosswalk

A van barrels around the corner and hits him. He lands in hospital with concussion, a fractured skull and serious brain bleed. He’s coming home today from three weeks in the hospital which have left him terribly weak. It’s been so bad he can’t watch TV or read.

I don’t know what the lesson of this story is. It wasn’t his fault. He was in the pedestrian crosswalk. He’s 75. My heart is with him and his wife. She’s my travel agent of over 40 years. She’s totally delightful.

Accidents happen. Please be careful.

If you were with Time Warner

Check your new bill. Spectrum will have substantially raised your bill, with all sorts of nonsense charges.

My bill more than tripled. Go figure.

Spectrum’s customer service is abominable. I mean seriously abominable.

I finally figured the solution to a longer life:

HarvardHealth

Unsubscribe from emails telling me how to live a long life.

I’m a sucker for this stuff:

From the magazine called Best Life:

15 Ways You’re Showering Wrong
UNLESS YOU ACTUALLY WANT DRY SKIN AND DANDRUFF

Tips include: Why you should shower at night, not in the morning. Why you should sleep with your feet outside the cover. Why you’re showering too often. Why scented soap is a disaster. And so much more fascinating stuff. Click here. 

Thoughts on marriage

+ By all means marry. If you get a good wife, you’ll be happy. If you get a bad one, you’ll become a philosopher. Socrates

+ “Some people ask the secret of our long marriage. We take time to go to a restaurant two times a week. A little candlelight, dinner, soft music and dancing. She goes Tuesdays, I go Fridays.” Henny Youngman

+ “I don’t worry about terrorism. I was married for two years.” Rudy Giuliani

+ “There’s a way of transferring funds that is even faster than electronic banking. It’s called marriage.” Michael Jordan

+ Two secrets to keep your marriage brimming
1. Whenever you’re wrong, admit it,
2. Whenever you’re right, shut up. Shaquille O’Neal

+ The most effective way to remember your wife’s birthday is to forget it once… Kobe Bryant

+ My wife and I were happy for twenty years. Then we met. Alec Baldwin

HarryNewton
Harry Newton, who played tennis today — as he does every day — and tried to copy what the pros are doing at Wimbledon (ESPN and the Tennis Channel) with little luck. The big matches (semi-finals, finals, etc.) are coming up in the next few days. Meantime, the Tour de France continues on the NBC Sports Network. I like the scenery. France is really goregous.

  • Jerry

    Don’t you realize what Trump is doing? He’s going to destroy the upper class to appease his base. He gives voice to caring about the stock market when in actuality he wants to DESTROY the market with tariffs, trade wars, etc. THe Trumps are barely invested in stocks. They own LAND and BUILDINGS. And I love it! When stocks tank people in my small Midwestern town gather at the town cafe and applaud when that stupid bell rings at the end. WE WANT THE MARKET TO GO TO ZERO. Trump is our hero. I’ll also tell you this. IF he loses in 2016 (I don’t think he will) but IF he loses he ain’t leaving. He’ll come up with court challenges over a an illegal election.