Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Thursday, February 23, 2006: We
are in good hands. The kids who attended my son, Michael's birthday party last
night impress, one more than the other. What got me -- the enormous enthusiasm
they all had for what they were doing and the pleasure they were all deriving
from their work. There are bankers and businessman. There are editors and salespeople.
Three are soon-to-be doctors whom I'd already trust my ailments to. One is an
artist whose work we're proudly displaying in our living room. The world is
in good hands.
Michael Newton, 24, at his birthday party, February 22, 2006
is booming: Well,
not all of it. But Hana Biosciences (HBX), which I've talked about, is
It couldn't hurt
to take a little off the table. Biotechs are very volatile.
Company predicts the future: For its latest March
issue, the magazine interviewed "gurus," including Avram Miller, ex
of Intel, now private consultant. From Miller:
cornerstone for this millennium is the end of time and space. Most organizations
today are run the same way as early 20th century businesses. Everyone goes
to his car, drives to work, has certain hours, has a certain job. It is all
built on the factory model. Moving forward, it really isn't going to be important
where you are in order to do your job. Ideas are being worked on 24 hours
a day. Nobody seems surprised anymore if I wake up in the middle of the night
and start IM-ing someone in Europe, because the fact is, they don't even know
where I am. And it doesn't matter.
Fewer and fewer people will want to be employees of corporations, because
corporations don't have anything to offer. Corporations don't provide security
and provide fewer and fewer benefits. People may find new ways to sell their
skill. I can imagine eBay or the equivalent of eBay being in the business
of letting people bid on work all day long. Office buildings may turn into
housing, or maybe individuals will rent office space as you would rent a hotel.
into private deals. It's a good time to be an entrepreneur.
There's huge amounts of money which you can scoop into your latest startup.
I'm totally cynical about new deals, since so few ever succeed. But.. If you
do look at them, ask two questions:
1. What's the valuation?
2. Why is the valuation so high? Especially for a company with no revenues and
Then consult this cartoon which I have lovingly saved from the late 1990s.
Another scam: From Dick Hudgens, reader:
sitting at home when I got a call that did not identify the caller but informed
me that my cell phone was about to be shut off because I was 90 days behind
in paying my phone service bill. The caller said I must give pay my bill by
credit card or I would be cut off. I almost started to give her my credit card
number but I remembered I have a rule to never give my credit card number to
a company who calls me. I hung up. I verified that I was not behind on
paying for my mobile phone service. The phone number was on my caller id and
I dialed it back. They answered "Virgin Mobile" and gave me
several options of which one was to speak to a live representative which I elected
to do. A woman came on the line but it did not sound right to me and the fact
that I do business with another major phone company and not with Virgin Mobile
made me hang up again. I did a reverse look-up on the number and it came up
with no known company with that number. This whole thing has scam written all
favorite scam: From another reader:
I got "taken
in" by one last week that apparently is happening at several mall parking
lots around town. Just as I got into my car and got ready to leave, two VERY
attractive young women appeared out of nowhere. One started cleaning my windshield
with a rag while the other came up to my window and leaned over so far her
breasts just about fell out of her skimpy top.
Before I knew it, one girl had climbed into the back seat and taken her top
off completely, and was kissing the back of my neck. Her girlfriend climbed
into the front seat and unzipped my pants. That´s when they stole my
I got robbed
Tuesday, Wednesday, Thursday and Friday. They weren't there on Saturday
Voice mail is my sworn enemy - I have never
understood how it works. Finally, I broke down and called the office operator
to walk me through it.
"I can send you an instruction sheet," she said.
"Great, fax it over."
"Sure," she said. "But fax it right back. It's my only copy."
Overwhelmed: If you haven't heard back from
me on Strategic Commodities fund, you will. I've been overwhelmed.
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
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