Everything looks “extended,” says my friend.
My lowest P/E stocks — i.e. ones under 20 — are IAC, F, SIVB, CARR, OTTR.
You can’t buy stocks based solely on Price Earnings Ratios, because some of my best performing stocks have no earnings, like NET, CRWD and EPAM.
You buy them on what they do, the industry they’re in, their scaleable growth, and buzz about them. You dump them when they ebb and buy more when they flow.
Pretty basic, unscientific investment analysis — but it works.
Emergency generator tzuras
My friend lost $10,000 of meat when his emergency generator failed to kick in.
Everybody should have an emergency generator. That way I can get even more rich with my shares in Generac.
Here’s the last two years with one of my best picks:
I think Generac is going higher. The nation’s electricity grid is not getting any better. Events like the mess in Texas are creating panic, and driving huge demand for emergency generators. And now the hurricane season begins.
When you say “Emergency Generator,” 99% of the time you hear Generac.
I rest my case.
Any emergency generator is not a panacea. It needs love and attention, To wit:
+ It runs on fuel — gas or propane. Make sure it has some. No fuel is the biggest problem.
+ It starts itself with a battery, typically a car battery. Is it still alive? Has it been changed in the last year?
+ It should turn on once a week to check itself. Does it? Can you manually start it when you hear news of an impending thunderstorm, tornado, brushfire, flood or locust plague.
+ Is it connected by WiFi? So you can pick up its quirks? WiFi is really useful.
+ If it’s very important that it work 100% reliably when your main power goes out, maybe it’s time to buy a Honda generator as well — to back up the backup. Saving $10,000 of meat may be worth a $2,500 Honda generator.
China — What’s Xi’s game plan?
It’s horrible. Each day I read more than China is doing to hurt its and our investors. The latest headline on today’s Wall Street Journal:
Read the full sorry story here.
Of course China is run by the Chinese Communist Party. So why should I be surprised?
Sunday’s New York Times Magazine had a huge piece:
The Man Behind China’s Aggressive New Voice
How one bureaucrat, armed with just a Twitter account, remade Beijing’s diplomacy for a nationalistic era.
By Alex W. Palmer
And there in the piece is an explanation of what President For Life Xi is trying to do:
Xi’s foreign-policy vision is inextricably wedded to a sense of his own role in China’s rejuvenation. “He wants to leave his name on Chinese history,” Yun Sun, director of the China Program at the Stimson Center, said. “He compares himself to Mao and Deng. In his narrative, Mao made China free and Deng made it rich. What can he do? The only option he has left is to make it strong.” For Xi and the rest of the party leadership, strength goes beyond traditional hard power to include dominating the information space abroad in order to “spread China’s voice,” a concept the party calls “discourse power.”
Xi’s impact on China’s foreign policy has been just as marked. He doubled the Foreign Ministry’s budget during his first term and created new offices and coordinating bodies to centralize and smooth implementation of diplomatic initiatives. Already, he has delivered more speeches on foreign affairs than any previous general secretary in Communist Party history. Xi Jinping Thought on Diplomacy — the idea that the international system should have “Chinese characteristics,” with more of a leadership role for the country — is now the guiding diplomatic doctrine of China.
For the entire piece, Click here.
I don’t quite see what this has to do with cracking down on IPOs, levying huge fines on successful companies (like Alibaba), denying takeovers, and restricting mobile apps (for DIDI).
But, it’s been a bad year for Chinese stocks. They’re not the place you want to be.
My best ever Windows tip
When I was young, I learned the Ctrl C was copy my highlighted text and Ctrl V was to paste it somewhere else.
Now I learn there’s more. Let’s say I Ctrl C copy several things to the Clipboard, like these four.
This is cut and paste #1
This is cut and paste #2
This is cut and paste #3
This is cut and paste #4
Now — wait for this, it’s magic — I hit the Windows key
and V, and I get this:
Tap on one or more and they’ll magically paste into your work.
Tennis is good for the our ageing bodies
This is Xena with this morning’s can of balls.
She’s our sweetheart. She lies at one of the posts. If you hit her with a ball, you lose the point.
Here are excruciatingly some bad puns
I saw an ad for burial plots,
and thought to myself that’s the last thing I need.
What do you call a sleepwalking nun?
A Roamin’ Catholic.
What did Snow White say when she came out of the photo booth?
“Someday my prints will come.”
I’ve finally told my suitcases there will be no holiday this year.
Now I’m dealing with emotional baggage.
Locusts are nasty looking animals:
See you soon — Harry Newton
