Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Friday, September 23, 2005: Time
to sell Whole Foods (WFMI). It was now broken its trendline. I should
have sold it earlier when it bounced up after buoyant earnings, when it was
really overpriced. Now it's just mildly overpriced. Got greedy. Fool.
is NO security in working for someone else:
That may be the biggest lesson America has not
learned. Yesterday in Detroit I stood outside an empty, shuttered Montgomery
Ward store and pondered how the world had changed. Monky Ward was once a huge
retailer. Americans used to relish the arrival of its direct mail catalog. Now
it is no more. And today I read in the Wall Street Journal that Sears
Holdings Corp. has begun to notify its retirees that it will make further
cuts to their medical benefits. Sears cited rising health-care costs and competition
from retailers that provide little or no medical coverage to retired employees.
are aplenty for those who can help people manage their money: That
was the headline in Tuesday's Wall Street Journal. Excerpts:
+ Schwab expects all its financial consultants to make at least $150,000 a year.
+ The College for Financial Planning's "2005 Survey of Trends in the
Financial Planning Industry" reports that the 2005 median gross income
for the financial advisers they surveyed was $277,800 and net income was $153,000.
+ Personal financial advisers are not required to have Series 7 licenses, or
any certification at all.
PST needs to be repaired often: Most of us use Outlook. Over time
Outlook's database file -- typically called Outlook.pst -- gets corrupted. It
works slower and slower and eventually blows up. You need to repair it once
a week. Search your hard drive for a file called Scanpst.exe. Set a shortcut
to it. Then start Scanpst. Give it the name and location of your Outlook.pst
file. Run the program. It will take a few minutes. If it finds your PST file
is corrupted and asks if you want a backup, say NO.
Magnificent Desolation is boring: Tom Hanks is a space
junkie. But his latest movie -- a documentary how 12 men made it to the the
moon -- is not interesting or engrossing. Other Imax 3D movies are far more
interesting. In fact, 3D done well on a huge screen is enormous fun.
deal with the airlines: My two Northwest flights to and from Detroit
this week were each 1 1/2 hours late. The flight itself is only 1 hour and six
minutes. I now have a new deal with airlines:
If I'm late,
my plane has left. If I'm on time or early, my plane is delayed.
A man sitting next to a beautiful blonde on a plane
looked over to see her seemingly in shock from the headline in the newspaper
she was holding, which read "12 Brazilian Soldiers Killed in Riots."
She turned toward
him and with trembling voice asked "How many is a brazilian?"
Little Old Ladies -- Part 1
An old lady was standing at the railing of the cruise ship holding
her hat on tightly so that it would not blow off in the wind. A gentleman approached
her and said: "Pardon me, madam. I do not intend to be forward, but did
you know that your dress is blowing up in this high wind?"
"Yes, I know." said the lady, "I need both hands to hold onto
you must know that your privates are exposed!" said the gentleman in earnest.
The woman looked down, then back up at the man and replied, "Sir, anything
you see down there is 85 years old. I just bought this hat yesterday"
Old Ladies -- Part 2
Ethel and Mabel, two elderly widows, were watching the folks go by
from their park bench.
Ethel said, "You know, Mabel, I've been reading this 'Sex and Marriage'
book and all they talk about is 'mutual orgasm'. 'Mutual orgasm' here and mutual
orgasm' there - that's all they talk about. Tell me, Mabel, when your husband
was alive, did you two ever have mutual orgasm?"
Mabel thought for a long while. Finally, she shook her head and said, "No,
I think we had State Farm."
+ Blackstone private equity funds. Click
+ Manhattan Pharmaceuticals: Click
+ NovaDel Biosciences appeals. Click
+ Hana Biosciences appeals. Click
+ All turned on by biotech. Click
+ 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
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the Google ads. Thus I cannot endorse any, though some look mighty interesting.
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here and here.