Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Friday, November 4, 2005:
I love the Internet. I'm in Boston staying at the Hyatt. The hotel is wirelessed
and wired up the ying yang. Picture this. A person wants to stay here. If they
go up to front desk, they'll be offered $289 a night, which is what I'm
paying. If they sit in the lobby, open their laptop, connect to Priceline.com
(or one of them), they'll probably get a room for $40 for
night. Chalk up one for the guests.
our lobby friend checks into his room, opens his mini-bar and lifts a bottle
of water or a coke -- or anything -- he owns it. And that's even though he may
replace it unused. The mini-bar is a wizard of networking technology. Every
one of its overpriced items sits on a weight-sensitive plate connected somehow
to the hotel's guest billing computer. It's positively brilliant. Chalk up one
for the hotel.
in Boston visiting my daughter, on my way to Bowdoin College for a meeting whose
ostensible purpose is to give the College advice from learned individuals. But
in fact, it's a brilliant method of flattering donors (like me) into giving
the College more money. More power (and more money) to them. It's too bad that
so few people (and organizations) understand the power of flattery.
good news is that all my readers are super-intelligent. They all understand
the power of flattery.
easy to start a business. It's hard to close one down. Eight years
after we sold the business we're still battling taxing authorities for minor
and major amounts they claim we owe them. I actually don't object to paying
taxes. I just object to dealing with some of the illiterate, bureaucratic, bumbling
idiots many of the taxing authorities are now forced to employ.
My friends ask me about incorporating... There are sound reasons to -- outside
shareholders, if you're in the asbestos or waste management (i.e. big liability)
business. But for most startups, the fewer entities you create the better.
Trust me. Most of us don't need companies. Now, if you're dishonest and
you want to hide behind a limited liability company, that's another matter.
But most of us are honest. I know I am. And everyone who reads this column is
also. (More flattery.)
God. Whole Foods hit $150 yesterday: Qualcomm (QCOM) also bounced
strongly yesterday, up $3.64. Nice pick Harry. (Self-flattery works,
Google is going higher. Microsoft is going lower. I have been studying
Microsoft for years. In the old days the company prided itself on aggressively
hiring only the brightest. Now the brightest are leaving Microsoft in droves
and joining Google. And Google is encouraging them. Here's an example. Google
is pursuing Rhodes and Marshall scholars presently studying in Cambridge, England.
Yes, Google is going higher. And Microsoft, mired in inaction, bureaucracy and
arrogance is going lower, or most likely, nowhere.
you own an SUV, please be ultra careful going backwards. 100 children
are killed each year by drivers backing their SUVs over them. Most SUVs have
a huge blind spot. Drivers cannot see small kids behind them. Some -- very few
-- SUVs have rear-pointing cameras. My friend Dennis has one, an Infiniti. Every
time you put the car into reverse, the camera turns on and his screen shows
a wide-angle view of what's behind him. Having seen it, I believe it's a "must-have"
feature. Don't buy a new vehicle without it.
Saying NO. I've said NO a lot in
recent days. That makes me feel good, since I look at all the money I could
have invested and lost. And I figure I "made" that money
by saying NO. This is my phony baloney justification for the time I wasted.
But what choice do I have?
son is on my case about getting an updated colonoscopy:
A physician claimed that the following are actual comments made by his patients
(predominately male) while he was performing their colonoscopies. Remember patients
are drugged but awake:
it easy, Doc. You're boldly going where no man has gone before!"
2. "Find Amelia Earhart yet?"
3. "Can you hear me NOW?"
4. "Are we there yet? Are we there yet? Are we there yet?"
5. "You know, in Arkansas, we're now legally married."
6. "Any sign of the trapped miners, Chief?"
7. "You put your left hand in, you take your left hand out..."
8. "Hey! Now I know how a Muppet feels!"
9. "If your hand doesn't fit, you must quit!"
10. "Hey Doc, let me know if you find my dignity."
11. "You used to be an executive at Enron, didn't you?"
12. "God, Now I know why I am not gay."
And the best one of them all...
you write a note for my wife saying that my head is not up there."
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+ 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 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 me from software
scanning the Internet for email addresses to spam. I have no role in choosing
the Google ads. Thus I cannot endorse any, though some look mighty interesting.
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