Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Monday, September 17, 2007: Heady
weekend, enjoying the tension of my daughter's large, complex, upcoming wedding.
Old rules revisited: Committees make slow decisions. Family committees make
even slower ones.
is pushing his new book, doing the traditional author thing: lots of talk shows
and lots of controversial information tidbits. How much you believe of this
is irrelevant. What's relevant is selling the book. From today's Wall Street
by the whole political process, and it's not an accident that Republicans
deserved to lose in 2006 -- it wasn't that the Democrats deserved to win,"
he said. "When it came time to rule, all of a sudden their ratings collapsed,
and the reason they collapsed is they're just as negative as the Republicans."
also said he had put the odds of a national decline in housing prices at less
than 50-50, at least until a couple of months ago, based largely on the experience
of Britain and Australia. His book notes that in both countries, home prices,
after sustained booms, have "leveled out or declined slightly, but at
this writing have not crashed." But he says he has become less optimistic
since his book was finished, when it became clear the construction industry
was unable to reduce the number of housing starts below the rapidly
falling level of home sales.
There is now a "very large" inventory of unsold, newly built homes
whose condition is deteriorating more rapidly, than, say, a steel mill's,
and that puts pressure on builders to sell them quickly, he said. As a result,
"we have the capability of far bigger price declines," which will
pinch home equity, lead to more defaults on subprime mortgages and pressure
consumer spending. The probability of a recession, which earlier this year
he put at one-third, is now "slightly more than a third," he
brought up in the Republican Party of [Barry] Goldwater. He was for fiscal
restraint and for deregulation, for open markets, for trade," Mr. Greenspan
said in the interview. "Social issues were not a critical factor. The
Republican Party, which ruled the House, the Senate and the presidency, I
no longer recognize. It's fundamentally been focusing on how to maintain political
power, and my question is, for what purpose?"
split the difference." He wants $1 million
for his castle. You'll pay $800,000. He baulks. Offer to "split the
difference." It usually works. The key: Make sure your first bid is
low and you are really prepared to pay that middle price. If not, drop your
Fed meets tomorrow to discuss interest rates: Everyone seems to think
we'll get a small cut. That should be good for the stockmarket, but won't significantly
help the credit crunch. It remains ultra-hard for many people and many companies
to borrow. It will work itself out once the lenders figure how much the bad
loans may cost them, and hence, how much they have left.
is noise? From an article in Time in 2001:
Aviation Agency has defined noise pollution as, among other things, noise
loud enough to disturb a family's television watching. Only a great culture
could present its people with a dilemma like that.
Chinese (well, sort of):
||Tai Ni Po
think you need a face lift
is scheduled for next week
||Wai Yu Kum
|He 's cleaning
odor is offensive
||Yu Stin Ki
The elderly priest, speaking to the younger priest, said, "You
had a good idea to replace the first four pews with plush bucket theater seats.
It worked like a charm. The front of the church always fills first now."
The young priest
nodded, and the old priest continued, "And you told me adding a little
more beat to the music would bring young people back to church, so I supported
you when you brought in that rock'n roll gospel choir. Now our services are
consistently packed to the balcony."
Father," answered the young priest. "I am pleased that you are open
to the new ideas of youth."
"All of these
ideas have been well and good," said the elderly priest,
afraid you've gone too far with the drive-thru confessional."
protested the young priest, "my confessions and the donations have nearly
doubled since I began that!"
replied the elderly priest, "and I appreciate that. But the flashing neon
sign, 'Toot 'n Tell or Go to Hell' cannot stay on the church roof."
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 .
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