Harry Newton's In Search of The Perfect Investment
Technology Investor. Harry Newton
AM EDT, Monday, September 28, 2009: I'm mulling.
Where is this going? Money managers are still pouring money into the market,
hoping to redeem their awful performance so far this year with spectacular performance
in the remaining few months of 2009. But there are skeptics. The Financial Times
had a long piece over the weekend, "As traders celebrate big price rallies,
skeptics argue that the upturn may be unsustainable -- an incipient bubble based
on cheap credit backed by government money."
companies are unusual. They typically have lots of cash, few debts. Now they're
starting to spend their money. Adobe bought Omniture. Dell bought Perot Systems
and this morning Xerox is buying Affiliated Computer -- for $6.4 billion, no
less. Acquisitions in September 2009 will be twice what they were in September
2008. All this bothers me. Most acquisitions don't work out. Dell's stock cratered
after it announced its decision to buy Perot Systems.
I continue to
like a handful of tech companies - Google, Apple and AT&T. But volatility
remains high. Look what happened after Research In Motion (the BlackBerry maker)
announced results which Wall Street thought were horrible -- they weren't.
well: it's about time. Most aches and pains
repair themselves with time. Don't rush to the doctor, the chiropractor, the
sports therapist. All they want are more visits. Of course, I'm lecturing myself.
I've spent and spent on repairing aches and pains from overexertion on the tennis
court. But no more. Rest works. Whoopee! What a brilliant conclusion. I'm not
the only person to discover this. Last week the Wall Street Journal had a piece
What cures colds,
flu, sore throats, sore muscles, headaches, stomach aches, diarrhea, menstrual
cramps, hangovers, back pain, jaw pain, tennis elbow, blisters, acne and colic,
costs nothing, has no weird side effects and doesn't require a prescription?
time. But it's often the hardest medicine for patients to take.
bodies and immune systems are wonderful in terms of handling thingsif
people can be patient," says Ted Epperly, a family physician in Boise,
Idaho, and president of the American Academy of Family Physicians.
said visit a doctor when you experience any of the following:
chest painsthe classic signs of a possible heart attack.
+ Sudden numbness or weakness on one side of the body, confusion, trouble
speaking or severe headachewhich could indicate a stroke.
+ Sudden, severe headaches.
+ Any major
injury, especially involving loss of consciousness.
+ Coughing up, throwing up or excreting blood.
+ Suicidal or
+ Flashing lights in your visionwhich could be a detached retina.
+Inability to breathwhich could be a severe allergic reaction.
tooth pain. "You can typically give a tooth ache 24 hours," says
Dr. Epperly. "If it's an abscess that would require a root canal, it
won't get better by itself."
Read the entire
piece. Click here.
little bit of naval history. I've checked this. It seems to be true.
Irrespective, it's a wonderful story:
The U. S. S.
Constitution (Old Ironsides), as a combat vessel, carried 48,600 gallons of
fresh water for her crew of 475 officers and men. This was sufficient to last
six months of sustained operations at sea. She carried no evaporators (i.e.
Fresh water distillers).
it be noted that according to her ship's log, "On July 27, 1798, the
U.S.S. Constitution sailed from Boston with a full complement of 475 officers
and men, 48,600 gallons of fresh water, 7,400 cannon shot, 11,600 pounds of
black powder and 79,400 gallons of rum."
"To destroy and harass English shipping."
on 6 October, she took on 826 pounds of flour and 68,300 gallons of rum.
Then she headed
for the Azores , arriving there 12 November. She provisioned with 550 pounds
of beef and 64,300 gallons of Portuguese wine.
On 18 November,
she set sail for England . In the ensuing days she defeated five British men-of-war
and captured and scuttled 12 English merchant ships, salvaging only the rum
By 26 January,
her powder and shot were exhausted. Nevertheless, although unarmed she made
a night raid up the Firth of Clyde in Scotland . Her landing party captured
a whisky distillery and transferred 40,000 gallons of single malt Scotch aboard
by dawn. Then she headed home.
The U. S. S.
Constitution arrived in Boston on 20 February 1799, with no cannon shot, no
food, no powder, no rum, no wine, no whisky, and 38,600 gallons of water.
of the times. Lawmakers
in England and France are trying to force ads with altered photos of models
to carry disclaimers. When
teenagers and women look at these pictures in magazines, they end up feeling
unhappy with themselves, said Jo Swinson, a British member of Parliament
from the Liberal Democratic Party. Since every photo in every
ad these days has been enhanced (usually by Photoshop), this will mean every
ad will contain a disclaimer.
When you see on
the streets, you wonder if they've ever eaten a real meal or if they ever smile?
I fixed it. A photographic testimony to the
creativity of the human brain. From a site ThereIFixedit.com
It's a pair of men's underpants.
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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note I'm not suggesting you do. That money, if there is any, may help pay Michael's
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