Today and yesterday I bought some Intel (INTC), some Oracle (ORCL), some Eli Lilly (LLY), some Novo Nordisk (NVO) and some more Allbirds (BIRD).
Notes:
+ I’ve never liked Intel. They’ve been stupid on so many fronts. But things may be changing. Maybe they’ll make chips for Nvidia. Maybe they’ll make faster chips for my favorite ThinkPad laptops? Maybe people will start buying Windows laptops again? Three “maybes” and the stock’s a roaring “buy.” Maybe.
+ I like Oracle because it’s still run by its founder. It looks like he’s paying more attention to his baby, too. End of story.
+ Everyone is fat. We all should eat less. We’d be healthier. To hell with discipline. Easier to pop a pill or prick our bulging bellies. Sales are exploding in weight loss drugs. They ain’t cheap, either. LLY and NVO are the druggies most likely to benefit. The chart is from yesterday’s blog.
+ Allbirds (BIRD) makes great shoes, but lousy business. They fixing themselves, maybe, with store closings, some discounting and better management. Their stock is the grand sum of $1.42, up from $1.17 when I first mentioned it here.
How dumb can you be?
My first T-bill expired today. Sorry, the correct word is “matured.” I think I earned less than 5% for giving the government my money. I got my money and interest.
If I had kept my money in stocks this year, I would have done nearly three times better. Don’t believe me? Here’s the Nasdaq and S&P500 just this year, so far.
Old but still good
Morris and his wife Esther went to the state fair every year, and every year Morris would say, ‘Esther, I’d like to ride in that helicopter.’
Esther always replied, ‘I know Morris, but that Helicopter ride is fifty dollars, and fifty dollars is fifty dollars.’
One year Esther and Morris went to the fair, and Morris said, ‘Esther, I’m 85 Years old. If I don’t ride that helicopter, I might never get another chance.’
To this, Esther replied, ‘Morris that helicopter ride is fifty dollars, and fifty dollars is fifty dollars.’
The pilot overheard the couple and said, ‘Folks I’ll make you a deal.
I’ll take both of you for a ride, and if you can stay quiet for the entire ride and not say a word, I won’t charge you. But if you say one word, it’s fifty dollars.’
Morris and Esther agreed and up they went. The pilot did all kinds of fancy maneuvers, but not a word was heard. He did his daredevil tricks over and over again, but still not a word.
When they landed, the pilot turned to Morris and said, ‘By golly, I did everything I could to get you to yell out, but you didn’t. I’m impressed!’
Morris replied, ‘Well, to tell you the truth, I almost said something when Esther fell out, but you know, fifty dollars is fifty dollars.’
New Florida bathroom sign
Donald must be thanking his lucky stars for all the free ink he’s getting.
The playbook goes like this: He delays and delays and delays. He appointed the judge! She owes him one. Delays are in the cards.
He plays victim for himself and for all of us. “They’re coming to get us.”
And then we have an election. Is that the next Black Swan event?
I’m taking bets. Small bets.
See you tomorrow. I’m off to play tennis. — Harry Newton
