Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Wednesday, November 7, 2007:
CHECK. CHECK. Or
why this site was "temporarily unavailable" in recent days. The company
that hosts this site is big and stupid, but responsive. I had run out of space.
I asked to be switched to a new plan. For reasons known only to them, they switched
me to a new server and gave me a new URL number. The way the Web works is that
every site has a number. My new one is 220.127.116.11. You can reach by site by
putting http://18.104.22.168 in your browser. You should be able to reach it
by putting in www.InSearchOfThePerfectInvestment.com and www.TechnologyInvestor.com.
For that to happen my webhoster has to tell the dispersed Internet's translation
machines -- the ones that figure the words should go to a number. Of course,
they didn't. And I forgot to check.... And the rest is egg on my face.
Check. Check. Check. is the most powerful motto to live by. It's amazing
how much screws up. And computers have allowed us to screw up in larger and
far more creative ways.
you missed a couple of recent columns, click on previous
yesterday raised its key interest rate to 6.75%.
That's much higher than our recently-lowered
rate of 4.5%. If you were an institution or a country, would you prefer to earn
4.5% or 6.75% on your money. Now you know why the Aussie dollar has risen by
two to the American dollar to nearly par. Yesterday it was 93 cents. All this
means, of course, that all the Australian mining stocks I've recommended in
the past year are worth much more -- just on Australian dollar appreciation.
(The stocks have also risen strongly.) My favorite remains Kagara Zinc (KZL).
The American dollar will continue to decline Yesterday oil hit $98. And the
two easiest way to play the rising oil price -- OIL and USO -- continue their
Apple is worth $200. My friend David Lerner owns and
runs TekServe, a NYC store selling and fixing Apple products. Yesterday I dropped
by on a friendly visit, fell in love with Apple's latest iPod nano and spent
$161 to buy an iPod I absolutely don't need -- since I already have two.
But, this one is darling, tiny, feather light (no hard disk, just flash memory)
and will play for 24 hours on a single charge. I bought the 4 gigabyte version.,
enough for 2,000 songs. If were a sociologist, I'd argue that New Yorkers' tolerance
for subway delays has markedly improved now they all wear iPods. Apple's stock
remains on a tear.
practices communism: China now has more than
100 billionaires, second after the U.S., which has 415. Recent China IPOs have
done stunningly well. On Tuesday, Alibaba.com, one of Chinas biggest
Internet companies, had a blockbuster stock offering, raising nearly as much
as Google and soared 193% on its first day of trading. On Monday PetroChina,
the state-owned energy company debuted on the Shanghai Stock Exchange. Its market
valuation ran up to more than $1 trillion, topping that of any company in history
(including Exxon-Mobil). China Mobile is now the worlds most valuable
telecommunications company. The state-owned Industrial and Commercial Bank of
China, which was nearly insolvent a decade ago, is now worth more than Citigroup.
The Shanghai Stock Market is up nearly 400% in two years. The Hong Kong Stock
Exchange is shattering records.The China are increasingly in love with their
stock exchanges. For more on China billionaires, check out today's New
drinks away from your laptop. My friend's wife spilled coffee on
her laptop. There are two fixes:
1. Remove the keyboard, dunk it in cold water, let it drive for 24 hours.
Replace the keyboards. Best place to buy laptop keyboards (and other parts)
Parts Warehouse. If you're gentle, it's real easy to replace
has a wonderful spoof on subprime mortgages. Click
life has changed:
Die During Sex
On hearing that her elderly grandfather had just passed away, Sally
visited her Grandmother.
When she asked
how her grandpa had died, her gran explained, "He had a heart attack during
sex on Sunday morning."
suggested that shagging at the age of 94 was surely asking for trouble.
her grandma replied, "we had sex every Sunday morning, in time with the
church bells -- in with the dings and out with the dongs."
She paused, and
wiped away a tear.
"If it weren't
for that damn ice cream van going past, he'd still be alive."
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 on this site. Thus I cannot endorse, though some look interesting.
If you click on a link, Google may send me money. Please note I'm not suggesting
you do. That money, if there is any, may help pay Michael's business school
tuition. Read more about Google AdSense, click
here and here.