Harry Newton's In Search of The Perfect Investment
Technology Investor. Auction Rate Securities. Auction Rate Preferreds.
8:30 AM EST Monday, August 4, 2008: For
most of us, 2008 will be our worst year ever financially. There are two awful
aspects -- the drop in asset prices and the uncertainty. Will my bank fail?
(8 have so far.) Should I sell now? Are we now at bottom? Should I buy?
The news looks
awful this morning. European and Asian stocks are falling and inflation is up
and high most everywhere.
There is good
news. With oil pricey, shipping stuff from China and India is getting real pricey.
Hence some excellent U.S. companies which make stuff here should enjoy a rebirth.
While banks have been plummeting, look at US Steel:
Last year I bid
printing of my dictionary to China. The freight killed it. I printed the dictionary
hospital deal. If you don't have insurance, you pay your local hospital
$50 on leaving. They send you a bill. If you pay it within 30 days, you can
take 40% off the bill. If you take longer, you get a slightly lower discount.
remains a great short. Friday's annual meeting
produced no magical new strategies. But it did produce scathing articles in
the New York Times and The Economist. The Times headed its article "Yahoo
Is Still Searching for, Well, Yahoo" and pointed out Yahoo had
failed to jump on recent Internet trends like online video and social networking.
company is on the skids -- financially and intellectually. As I wrote on Friday,
Yahoo's days in the sun are over. It reminds me of AOL. Time is passing it by.
There's someone on the Internet that does what Yahoo does but only better --
starting with Google in search. I can see it hitting $15 soon.
funny ultra-clean video. This video is dedicated to my daughter, Claire,
who visited on the weekend. The only thing she didn't forget was her head, and
only because it was screwed on.
is bad for your car. Or your boat, or your
lawn mover or your motor scooter. If you have a choice, buy gas without ethanol.
title. Great book. This is a book about good
nutrition and bad nutrition.
nutrition is plant-based diets. Bad nutrition is meat and dairy-based diets.
Good nutrition will help you prevent and reverse heart disease, secondary diabetes
, cancer and obesity. Bad nutrition causes that stuff.
The China Study
is called that because it was done in China. The New York Times referred
to it as the "Grand Prix of epidemiology." It's exhaustive, fascinating
and damming, especially on popular diets, such as the Atkins diet. The book
is not big on sugar or salt, either.
Sam: What you doing, Morris? I haven't seen you in three years.
Morris: Not much.
In three years I have buried three wives.
Sam: Oh, God.
years ago I married a wealthy widow, but she ate poisoned mushrooms and died.
Then two years ago I married an heiress and she ate poisoned mushrooms and died.
Then last year I married a successful businesswoman and she died too.
Morris: No. A
fractured skull. She refused to eat the mushrooms.
for social security
When I went to the social security office to apply for Social Security,
the woman behind the counter asked me for my driver's license to verify my age.
I looked in my pockets and realized I had left my wallet at home. I told the
woman that I was very sorry but I seemed to have left my wallet at home!
to go home and come back later."
The woman says,
"Unbutton your shirt." So I opened my shirt revealing my curly silver
She says, "That
silver hair on your chest is proof enough for me" and she processed my
Social Security application.
When I got home,
I excitedly told my wife about my experience at the social security office.
She says, "You
should have dropped your pants. We would have been on disability."
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
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