Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Tuesday, August 2, 2005: Spent
yesterday checking new ideas. Nothing of note. Got to kiss a lot of frogs in
or concentration? It's the age-old question.
Point one: All great fortunes were made with concentrated investments. Point
two: Diversification spreads risk, improving safety. This discussion started
when I bemoaned not having bet the ranch on Whole Foods (WFMI), which
I felt strongly about.
Reader Herb Soroca
best add-on software for Outlook is Lookout: You
pick up Lookout for free from here.
Lookout adds a lightning fast search engine to
Outlook. It must index itself regularly. I have it index at 3 AM when I am, hopefully,
not using Outlook.
If one is young
and investing to get rich then concentration, even leverage, is appropriate.
Diversification is the only safeguard when you have a considerable amount
of assets. No matter how much you know, or think you know, stuff happens.
Think of all the poor bastards who had their retirement monies in Enron or
WorldCom. The fact is that your investment strategy, certainly with respect
to risk, must change over time to reflect both the size of the asset pool
and the time left to make up for any mistakes.
An orderly transition: King
Fahd of Saudi Arabia died Monday, and the reins of power were quickly turned over
to his half-brother, Crown Prince Abdullah, who has effectively ruled the world's
top-oil producing country since King Fahd fell ill almost a decade ago. "He
is an absolute monarch," said Khalid Al Dakhil, a political analyst at King
Saud University in Riyadh. His appointment will not affect Saudi's export of the
most radical form of Islam and higher oil prices (they hit $62 yesterday) provides
the funds for that export. Good news: my friends just sold their Cadillac Escalade
(12 miles to a gallon) and bought a new Lexus SUV hybrid which does 30 miles to
four easy steps if taken in the next 30 days could TRIPLE your wealth: Please
don't fall for any offers Louis Navallier sends you. He's a great promoter,
but a totally lousy stockpicker. He's occasionally good for comic relief. For
example, stocks he believes are headed for a "meltdown" include: ANHEUSER-BUSCH
COS. INC. , BROADCOM, CHIRON, COCA-COLA CO., COLGATE-PALMOLIVE, DEERE &
CO. ECHOSTAR, DOW JONES& CO. ELI LILLY & CO. ,
FIRST HORIZON NATIONAL CORP. ,GENERAL MOTORS CORP. , INTEL CORP., MERCK &
CO., NORTEL NETWORKS CORP., PFIZER, IMS HEALTH, CHARLES SCHWAB, SIEBEL SYSTEMS,
TEXAS INSTRUMENTS and VIACOM. "If you ACT NOW...within the next 20 to 30
days...I can virtually guarantee that you'll be 20% richer. But you have to
archetypal New York blonde joke:
A young BLONDE woman in New York was so depressed that she decided to end her
life by throwing herself into the ocean.
She went down
to the docks and was about to leap into the frigid water, when a handsome young
sailor saw her tottering on the edge of the pier, crying.
He took pity on
her and said, "Look, you have so much to live for. I'm off to Europe in
the morning, and if you like, I can stow you away on my ship. I'll take good
care of you, and bring you food every day."
he slipped his arm around her shoulder and added, "I'll keep you happy,
and you'll keep me happy."
The girl nodded
yes. After all, what did she have to lose? Perhaps a fresh start in Europe would
give her life new meaning.
That night, the
sailor brought her aboard and hid her in a lifeboat. From then on, every night
he brought her three sandwiches and a piece of fruit, and they made passionate
love until dawn.
Three weeks later,
during a routine inspection, she was discovered by the captain. "What are
you doing here?" the captain asked.
She replied, "I have an arrangement with one of the sailors. I get food
and a trip to Europe, and he's screwing me."
is," the captain said. "This is the Staten Island Ferry."
+ 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
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will help pay Claire's law school tuition. Read more about Google AdSense,
here and here.