Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Friday, November 16, 2007: Cash.
It's as good as money. My tennis
friend Joe Daley just bought his dream house in the desert. Joe writes:
A deal?? Who ever knows. But it's 3600 feet, has a detached casita, a swimming
pool, a jacuzzi, a three stall garage, is in gated community: Was in foreclosure.
The lender is short selling, i. e. selling for $170,000 less than he
was owed. I bought it at about $215 per foot. Some fixing is needed. I'm budgeting
$10,000 including a new pebble tec pool surface.
It's next door
to Mission Hills. 54 holes of golf; 29 tennis courts, including grass, clay
and hard. I understand the best senior tennis in the valley. That probably
means the whole country. Give some thought to coming out.
Joe, I'll be there
next March. I'll beat your sorry ass. (Highly unlikely. Joe is really good.)
looking at investing in a Toronto office building that will yield me conservative
18% IRR. The only catch? I need to pony the money up by the end of November.
Cash is good.
If you buy a house
in a development call Bellaire in Demarest, suburban New Jersey, the developer
will throw in a new Maserati Quattroporte
Skip the house and buy the car. Only $121,000. .
Or you could buy
the car you always wanted:
I have no idea what this monstrosity cost. But, for a large family, it can't
stockmarket is definitely NOT the place to be at present: This
is a long-term, weekly chart. Note how it's broken support.
is the daily chart, retaining the same trendline.
pains? Immediately put an Aspirin under your
tongue and call 911. Do not have your spouse drive you to the hospital.
You want to be in ambulance. They have equipment that could save your life.
to ward off heart attacks: Take one low dose
Bayer aspirin daily. Make sure you buy enteric coated tablets. Those
are the kind that don't dissolve in, and ruin your stomach. They dissolve
in your intestine.
above two tips from one of the world's leading cardiologists who spoke at a
private dinner I attended on Wednesday evening. He has been popping a "baby
Bayer" every day since he turned 50.
napping good for one's health?
From Bottom Line Health:
Yes, according to recent research. In a six year study of 23,681 people (average
age 53), those who napped at midday for 30 minutes or more at least three times
weekly were 37% less likely to die of heart disease than those who never
naps help protect the heart from stress-related problems, such as high blood
best time is at www.time.gov.
your computer. From a newsletter called Windows
of us think nothing of leaving our computers powered up while we go to lunch
or even 24 hours a day. A study in PC World found that a running computer
consumes between 195 and 305 watts, while a computer in suspend
mode can consume as little as 10 watts.
are many terms for suspend. My Toshiba laptop calls it "suspend.."
Macs call it "sleep."
They Spoiled the Software
Often a software's new version is far worse than the previous one. (Windows
Vista is a case in point.) Here are 13 apps that PC World Magazine liked better
before they were "improved" -- plus tips on finding the earlier editions.
Here's the article from PCWorld
news on fuel standards, finally. From today's New York
Fuel Standards on Trucks
Nov. 15 A federal appeals court here rejected the Bush administrations
year-old fuel-economy standards for light trucks and sport utility vehicles
on Thursday, saying that they were not tough enough because regulators had
failed to thoroughly assess the economic impact of tailpipe emissions that
contribute to climate change.
panel of the Ninth Circuit Court of Appeals, in San Francisco, voided the
new regulations for 2008-2011 model year vehicles and told the Transportation
Department to produce new rules taking into account the value of reducing
greenhouse gas emissions.
The court, siding
with 4 environmental groups and 13 states and cities, also asked the government
to explain why it still treated light trucks which include pickups,
sport utility vehicles and minivans more mildly than passenger cars.
Under the rejected
rule, the average fuel economy of light trucks was to rise to 23.5 miles
a gallon in 2010, up from the current standard of 22.5 m.p.g., but still
well below the current standard for passenger cars of 27.5 m.p.g.
which is likely to be appealed to the United States Supreme Court, represents
a major setback for both the auto industry and the White House at a time
of growing public concern over the rising price of gasoline and the issue
of climate change. ...
court, in a decision that was unanimous on all the major points, also chided
the Bush administration for exempting larger S.U.V.s those like
the Ford Excursion and the Hummer H2 that weigh 8,500 pounds to 10,000 pounds
from any fuel-economy standards.
Stolen from the latest issue of the New Yorker magazine.
Yesterday I wrote on currency and how gold,
silver and oil were becoming the new currencies. Please read that important
piece. It's the best piece I've written in eons. I'm still researching options
on gold, silver and oil. Yesterday's
Barber of Seville...
A guy stuck his head into a barber shop and asked, "How long before
I can get a haircut?"
The barber looked
around the shop full of customers and said, "About two hours."
The guy left.
A few days later
the same guy stuck his head in the door and asked, "How long before I can
get a haircut?"
The barber looked around at the shop and said," About three hours."
The guy left.
A week later the
same guy stuck his head in the shop and asked, "How long before I can get
The barber looked
around the shop and said, "About an hour and a half."
The guy left.
The barber turned
to a friend and said, "Hey, Bill, do me a favor. Follow that guy and see
where he goes. He keeps asking how long he has to wait for a haircut, but then
he doesn't ever come back for a haircut."
while later Bill returned to the shop, laughing hysterically. The barber asked,
"So where does that guy go when he leaves?"
Bill looked up,
tears in his eyes from laughter and said, "Your house."
wife's day out
I was walking down the street when I was accosted
by a particularly dirty and shabby-looking homeless woman who asked me for a
couple of dollars for dinner.
I took out my
wallet, got out ten dollars and asked, "If I give you this money, will
you buy wine with it instead of dinner?"
"No, I had
to stop drinking years ago", the homeless woman told me.
use it to go shopping instead of buying food?" I asked.
"No, I don't
waste time shopping," the homeless woman said. "I need to spend all
my time trying to stay alive."
spend this on a beauty salon instead of food?" I asked.
NUTS !" replied the homeless woman. " I haven't had my hair done in
I said, "I'm not going to give you the money. Instead, I'm going to take
you out for dinner with my husband and me tonight."
The homeless Woman
was shocked. "Won't your husband be furious with you for doing that? I
know I'm dirty, and I smell disgusting."
I said, "That's
fine. It's important for him to see with his own eyes what a woman looks like
after she has given up shopping, hair appointments, and wine."
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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