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Define your own milieu

Own hotels, restaurants and retail stores. you’re probably not a happy camper.

Own residential buildings, you’re collecting rents — for now. Better in some places than others. You’re happy, but anxious.

Own student housing. Who knows.

Own bonds, you’re collecting a little interest now. But you’re eyeing a capital loss — unless you hold them to maturity.

Own anything, you might be surprised how much of your stuff is appealing to buyers who have cash, a long horizon and who believe we’ll be through this eventually. (We will.)

Plan a huge development project — ready in five years. You’ll be surprised how many of your friends, family, investors and banks want in. People want to buy a thrilling Vision.

CRM’s buoyant earnings weren’t well received last night. The stock plunged. I bought some this morning.

I’m already up enough to buy a new tennis racket, some new shoes and Wilson balls. (The best.)

The stocks I mentioned yesterday are mostly doing well today:  AAPL, SHOP, GOOG, TTD, BABA, FB, JNJ, UNH, SQ, NFLX, LLY, CSCO and the nice safe VTI ETF from Vanguard.

There’s a ghastly word — opportunistic.

It means keep looking. Don’t get too frustrated if you don’t find anything. The Yiddish word is metziah — a bargain. But it’s a bigger bargain in Yiddish than in English.

This morning I played my 76th game of tennis this virus Spring. I lost. But I hit a few winners. That made me feel good.

This weekend — it is the weekend. I just checked — call the kids on FaceTime and Zoom.

Ask them what they’re doing.

You’ll surprised at how talented your grandkids have become without you.

See you soon. Harry Newton.

One Comment

  1. Bruce Miller says:

    Is the “cloud” company Fastly… a thrilling vision?