Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Thursday, August 11, 2005: Careers
are happy coincidences. I'm struck by how many people who were shopping for
space for their offices or their factory ... and decided that real estate was
more profitable than their existing business. Nice thing about real estate is
you can convert its use, improve it... be creative. Impossible to do that with
In Boston today, the market for commercial real estate is weak. Hence, big conversions
to residential condominiums, or outright sales. There's a big disconnect in
real estate today between rents and building prices.
I'm looking at several office syndications -- with potential 3-5 year IRRs of
12% to 15%. Have to be careful. Have to study trends and comps in the local
market. Some areas are booming. Some are sick.
Don't watch the tape:
A leading mutual fund company rewards its people
if they remove the ticker from their computer. Watching your net worth fluctuate
second by second, it seems, doesn't help your sanity nor your productivity.
Mossberg loves EverNote: He waxes enthusiastically
about it today. I prefer Net Snippets. Both let you clip and save stuff
you find on the Internet. My usual warning: Do NOT install software on your
main computer. Test it on another. There are three reasons:
First, 95% of the software I test I don't like and will never use.
Second, you can never remove all traces of software you install and then uninstall.
Those traces will progressively slow your computer down and down.
Third, most importantly never accept anyone's software recommendation without
testing it first.
inventory ordered by the governor this year found that the State of California
owns 70,000 vehicles. Of those, 30,000 are unaccounted for.
email is 100% fraudulent: I received it yesterday.
It's the best I've ever seen. If I click on the hyperlink "View
the details of this transaction online" something bad will happen
to me. It will probably try to wriggle my social security number out of me,
or worse. I don't know. I haven't clicked and won't.
This is called an OXO soap dispensing kitchen brush:
Push the black button and a touch of detergent
makes it to your plates. I no longer mind washing my dishes. I've been trained,
finally. Thank you OXO. $7. Highly recommended.
new international symbol for Marriage has just been approved:
really caught this fish:
"Hi Gang, just returned from Alaska....it is a beautiful land and a
wonderful experience....hope all are doing terrific...". David Rhoden,
One Sunday morning, a priest wakes up and decides to go golfing. He calls his
boss and says that he feels very sick, and won't be able to go to work.
Way up in heaven,
Saint Peter sees all this and asks God, ''Are you really going to let him get
away with this?''
''No, I guess
not,'' says God.
The priest drives
about five to six hours away, so he doesn't bump into anyone he knows. The golf
course is empty when he gets there. He takes his first swing, drives the ball
495 yards away and gets a hole in one.
Saint Peter watches
in disbelief and asks, '' Why did you let him do that?''
God replies, ''Who's
he going to tell?''
+ Manhattan Pharmaceuticals: Click
+ NovaDel Biosciences appeals. Click
+ Hana Biosciences appeals. Click
+ All turned on by biotech. Click
+ Steve Jobs Commencement Address. The text is available:
Click here. The full audio is available. Click
+ The March of the Penguins, an exquisite movie. Click
+ When to sell your stocks. Click
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. Thus I cannot endorse any, though some look
mighty interesting. If you click on a link, Google may send me money. That money
will help pay Claire's law school tuition. Read more about Google AdSense,
here and here.