Noise from Trump
Keep the crazy ideas flowing. Distract from all the illegal acts — like closing down Federal agencies.
This on-going turmoil is somehow helping tech stocks.
The DeepSeek moment seems to have passed. To wit, my fav NVDA is climbing back. So are TSM and AVGO. And Amazon which reports tonight. Here’s the last month. January 27 was the DeepSeek Moment.
The good news with AI is there seems to be a continuing unlimited demand for it. All of my business friends report using ChatGPT and others for simple (obvious) tasks. What they’re waiting for (and panting for) is that their software — whether in accounting, or HR, real estate deal assessing — will include AI into their specialized offerings.
An example: Jim Diamond of the very successful Diamond Properties wishes “Microsoft Office should be able to filter all my incoming emailed property listings in order to isolate the ones that fit our acquisition profile.”
Amazon reports tonight. I’ve bought more Amazon in recent days. It’s my third largest position — after NVDA and META. There’s nothing that Amazon does that doesn’t please me — from Kindle to telling me what I should buy and why.
Which business to invest in privately Notes:
+ There are oodles and oodles of businesses looking for money today. Startups and ongoing. Legit and illegit.
+ The money you have is scarce and valuable. Buffett’s first rule — Don’t lose money.
+ You should be ultra-careful about giving your money to anyone.
+ Your worst emotion is your enthusiasm. It will lose you money fast.
+ My friends who are better investors than I am, say they look a hundred deals before choosing one. One in a hundred. That’s the number.
+ If someone calls you and asks “How are you doing today?” You know it’s a scam. They’ll also tell you you’re getting a 50% discount on the upcoming IPO price.
I wrote this because I got one of these “How are you today” calls this morning. Why do so many of my callers think I have pain in my back?
In Sunday’s NYTimes Real Estate section, Barbara Corcoran of Shark Tank fame was asked
Q: On the show, you’ve invested in 145 businesses. What have you learned?
A: Choose the person, never the business.
When in doubt, stay out. When in doubt, spend time with your proposed partner, At least several years. That applies to choosing spouses, also.
Scams are getting better
I got this email this morning:
It’s a total scam. Everything about it is wrong. When you get one of these, don’t call 888-928-6340. Just delete it.
If in doubt, call PayPal on 888-221-1161 and ask them to check your account.
I actually like PayPal to buy junk online I don’t need.
Nonsense stuff from my fav Instagram
See you tomorrow, or so. — Harry Newton
