{"id":12688,"date":"2012-04-18T09:04:41","date_gmt":"2012-04-18T13:04:41","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=12688"},"modified":"2012-04-18T09:13:16","modified_gmt":"2012-04-18T13:13:16","slug":"rules-or-faith-your-choice","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=12688","title":{"rendered":"Rules or Faith? Your choice."},"content":{"rendered":"<p style=\"text-align: left;\"><span style=\"color: #000000;\">Apple bounced back.I have no idea why it went down or why it bounced back. Fortunately I held onto 90% of my shares. Apple reports its earnings next week. They should be good.<br \/>\n<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleUpDown.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12697\" title=\"AppleUpDown\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleUpDown.jpg\" alt=\"\" width=\"647\" height=\"290\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleUpDown.jpg 647w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleUpDown-300x134.jpg 300w\" sizes=\"auto, (max-width: 647px) 100vw, 647px\" \/><\/a><\/strong><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><span style=\"color: #000000;\">Here&#8217;s a longer view on Apple with a line I dropped in.<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><span style=\"color: #000000;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleLongerView.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12700\" title=\"AppleLongerView\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleLongerView.jpg\" alt=\"\" width=\"652\" height=\"286\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleLongerView.jpg 652w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/AppleLongerView-300x131.jpg 300w\" sizes=\"auto, (max-width: 652px) 100vw, 652px\" \/><\/a><br \/>\n<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Unanswered questions:<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Why do they put Carly Fionia on CNBC?<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Why do they put Senator Kent Conrad and those congressmen and senators on?<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>What Harvard and Yale earn on their money.<\/strong><\/span> These are for the year to June 30.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/HarvardEndowmenReturns.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12690\" title=\"HarvardEndowmenReturns\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/HarvardEndowmenReturns.jpg\" alt=\"\" width=\"648\" height=\"407\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/HarvardEndowmenReturns.jpg 648w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/HarvardEndowmenReturns-300x188.jpg 300w\" sizes=\"auto, (max-width: 648px) 100vw, 648px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">After losing its shirt in FY09 , it has come back. The key number to my mind is the <strong>5.5%<\/strong> five year growth, reflecting today&#8217;s diminished expectations.<\/p>\n<p style=\"text-align: left;\">Unlike Yale, Harvard doesn&#8217;t talk much about what it&#8217;s in and how each sector performs.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Harvard&#8217;s investments rose in all categories during the fiscal year. Returns on hedge funds, real assets such as commodities, and fixed-income assets beat internal benchmarks, while gains by private equity, real estate and public stocks fell short of targets, the report shows.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Harvard Management, which is based in Boston, measures its performance against a theoretical &#8220;policy portfolio&#8221; that it says reflects the most appropriate mix of assets for the university. The endowment beat the 20 percent gain by the benchmark in the past year, as well as the 19.5 percent increase of a hypothetical portfolio of 60 percent stocks and 40 percent bonds. Harvard&#8217;s fund returned 5.5 percent, 9.4 percent and 13 percent in the past 5, 10 and 20 years, topping the policy portfolio, the report said.<\/p>\n<p style=\"text-align: left;\">Yale did better for fiscal 2011 &#8212; up <strong>21.9%. <\/strong>This is what Yale&#8217;s portfolio looked like:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/YalesPortfolio.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12695\" title=\"YalesPortfolio\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/YalesPortfolio.jpg\" alt=\"\" width=\"588\" height=\"361\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/YalesPortfolio.jpg 588w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/YalesPortfolio-300x184.jpg 300w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">You can read Yale&#8217;s latest Endowment Report. Click <a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2012\/04\/YaleEndowment2011.pdf\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>How to get to Heaven<br \/>\n<\/strong><\/span>I was testing children in my Dublin Sunday School class to see if they understood the concept of getting to heaven.<\/p>\n<p style=\"text-align: left;\">I asked them, &#8216;If I sold my house and my car, had a big garage sale and gave all my money to the church, would that get me into heaven?&#8217;<\/p>\n<p style=\"text-align: left;\">&#8216;NO!&#8217; the children answered.<\/p>\n<p style=\"text-align: left;\">&#8216;If I cleaned the church every day, mowed the lawn, and kept everything tidy, would that get me into heaven?&#8217;<\/p>\n<p style=\"text-align: left;\">Again, the answer was &#8216;NO!&#8217;<\/p>\n<p style=\"text-align: left;\">By now I was starting to smile. &#8216;Well, then, if I was kind to animals and gave sweets to all the children, and loved my husband, would that get me into heaven?<\/p>\n<p style=\"text-align: left;\">Again, they all answered &#8216;NO!&#8217;.<\/p>\n<p style=\"text-align: left;\">I was just bursting with pride for them. I continued, &#8216;Then how can I get into heaven?&#8217;<\/p>\n<p style=\"text-align: left;\">A six year-old boy shouted out:\u00a0 &#8220;YUV GOTTA BE FOOKN&#8217; DEAD&#8230;.&#8221;<\/p>\n<div style=\"text-align: left;\"><strong><a href=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"HarryNewtonNewShot\" src=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\" alt=\"\" width=\"125\" height=\"180\" \/><\/a><br \/>\n<\/strong><\/div>\n<p style=\"text-align: left;\">Harry Newton who added KO to his recommended list. He&#8217;s still short Radio Shack, which fortunately keeps falling. That business is doomed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple bounced back.I have no idea why it went down or why it bounced back. Fortunately I held onto 90% of my shares. Apple reports its earnings next week. They should be good. Here&#8217;s a longer view on Apple with a line I dropped in. Unanswered questions: + Why do they put Carly Fionia on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12688","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/12688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12688"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/12688\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}