Harry Newton's In Search of The Perfect Investment
Technology Investor. Harry Newton
AM EST, Tuesday, May 5, 2009. Highlight of
the Berkshire Hathaway annual meeting on the weekend: Charlie Munger on the
move close to the edge of death, I find myself getting more cheerful about
the economic future." ... There will be "a final breakthrough
that solves the main technical problem of man. By harnessing the power of
the sun, electrical power will become more available around the world. That
will help humans turn sea water into fresh water and eliminate environmental
problems. If you have enough energy you can solve a lot of other problems."
is, as always, bullish on the economy.
a wonderful economy over time. We do come out of recessions. ... The biggest
thing that brings us out of them is the fact that we have a system that
works very well over time, even though it gets gummed up periodically.
a staggering national debt relative to the rest of the world, the U.S. government
will do what every country that has denominated its debt in its own currency
has done "inflate its way out of the burden of that debt."
a Special Report on Buffett and Munger quotes here.
are now in the black for 2009. My recommendations -- AAPL, AMZN,
ERF, PWE and LINE continue to climb. Frankly, I'm surprised at how well technology
has been doing -- e.g. RIMM, DELL, INTC (Intel), MSFT (Microsoft) and even
BBY (Best Buy).
big boom is in commodities -- Oil has hit a new high for 2009. BHP, the huge
Australian miner, has moved from its low of $33.30 in March to last night's
$51.70 -- a phenomenal 51% leap.
have zero idea how long this rally will continue -- though it clearly has
"legs" and the media is backing it up with a relentless outpouring
of hyper-positive stories that "the recession has ended."
If you decide
to get back in in a major way -- keep an eagle eye on daily movements. Remember
our inviolate 15% Stop Loss Rule -- if it drops 15% from its latest
high or the price you bought it, sell it instantly, if not sooner. That rule
protected your tushy last year big-time.
Duty Scam: The phone rings. It's the
" jury coordinator." You protest you never received a
summons for jury duty. The caller asks for your Social Security number and
date of birth. This way he can cancel the warrant for your arrest.
identity has just been stolen. The FBI has a warning.
showers are a pain to drive in. Harry's solution:
Get it from Amazon
for $1.63. This stuff works. It continues my on-going series on the route
to instant riches -- invent a magic formula to solve a special need. Previous
examples of favorite magic bottles are pictured. All these inventions have
made someone unbelievably rich. The clear bottle contains fluid for cleaning
tasteless (but funny) cartoon.
I'm rushing to finish the 25th edition of my dictionary. It is totally amazing
how technology continues to explode. Cheaper. Better. More reliable. Charlie
Munger is right.
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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