{"id":1341,"date":"2010-04-06T09:02:34","date_gmt":"2010-04-06T13:02:34","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=1341"},"modified":"2010-04-06T09:24:48","modified_gmt":"2010-04-06T13:24:48","slug":"returning-home-the-horror-of-the-piles-and-the-stridency-of-bubblevision","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=1341","title":{"rendered":"Returning home. The horror of the piles and the stridency of BubbleVision"},"content":{"rendered":"<p>New York, my desk. \u00a0I turn on CNBC. The first time in 5 weeks. It lasts 5 minutes. The screaming. The stridency. The breathlessness. Larry Kudlow is the worst. Does the man ever breath?<\/p>\n<p>If this is &#8220;civilization,&#8221; I want none of it.<\/p>\n<p>The biggest cost to the search for the perfect investment is not the inevitable losses, but the housekeeping, the time, the aggravation, and the lost friends.<\/p>\n<p>We underestimate the angst. The wear and tear on our psyche.<\/p>\n<p>Muriel is my wonderful assistant. She figures the numbers. My net worth <strong>rose<\/strong> while I was away keeping my fingers out of, and messing with, the till.<\/p>\n<p>Yesterday, she quipped, &#8220;<em>You ought to go on vacation more<\/em>.&#8221;<\/p>\n<p>That hurt.<\/p>\n<p>We all have the urge to do something &#8212;  anything &#8212; to improve things. The urge should be curbed. The cost is 7 feet of paperwork awaiting \u00a0my return.<\/p>\n<p>Is there a taxing authority in the world that doesn&#8217;t want a piece of my body? Or worse, a long explanation from me?<\/p>\n<p>Is there a K1 that isn&#8217;t polluting my desk with its endless pages of trivia and low returns?<\/p>\n<p>There is a real benefit to veging (as in vegetabling) out.<\/p>\n<p><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Vegingout.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1344\" title=\"Vegingout\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Vegingout.jpg\" alt=\"\" width=\"400\" height=\"300\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Vegingout.jpg 400w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Vegingout-300x225.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/p>\n<p>These happy people were enjoying the sun in front of the Zion National Park Lodge. They probably are happily clipping coupons from their triple tax-free muni bond portfolio.<\/p>\n<p>I should be, too.<\/p>\n<p>David Corbett, author of <em>Portfolio Life: The New Path to Work, Purpose and Passion After Fifty <\/em>talks of clients who, after long corporate careers, have reinvented themselves as sheep farmers, cheese makers, nonprofit agency executives and even world peace advocates.<\/p>\n<p>The worst part of all those K1s on my desk is the realization that I have<strong> zero<\/strong> control over their managements&#8217; idiocy.<\/p>\n<p>They took my money. They promised the world. They delivered paperwork.\u00a0Endless paperwork.<\/p>\n<p><strong><span style=\"color: #0000ff;\">Gambling is not fascinating, but may be addictive. <\/span><span style=\"font-weight: normal;\"><span style=\"color: #000000;\">We put a quarter in a slot machine. We won $13.25. I wanted to take the money and run. Susan wanted to stay and play out her &#8220;luck.&#8221; \u00a0She promptly lost the next five quarters before she succumbed to my nagging to get the hell out.<\/span><\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">I looked around. Hundreds of people were sitting in front of machines.<\/span><\/p>\n<p><strong><span style=\"color: #0000ff;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Gambling.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1342\" title=\"Gambling\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Gambling.jpg\" alt=\"\" width=\"250\" height=\"333\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Gambling.jpg 250w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Gambling-225x300.jpg 225w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">Didn&#8217;t they know they <strong>couldn&#8217;t<\/strong> win? Didn&#8217;t they know the machines were programmed to suck their wallets and their ATM card dry?<\/span><\/p>\n<p><span style=\"color: #000000;\">I watched people play roulette. The wheel has a double zero. That skews the odds heavily to the house. <\/span><\/p>\n<p><span style=\"color: #000000;\">The house <strong>always<\/strong> wins. That&#8217;s how they can afford to build even bigger houses.<\/span><\/p>\n<p><span style=\"color: #000000;\"> <a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/LasVegasHouses.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1353\" title=\"LasVegasHouses\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/LasVegasHouses.jpg\" alt=\"\" width=\"400\" height=\"254\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/LasVegasHouses.jpg 400w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/LasVegasHouses-300x190.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">These are brand new and on the strip.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"color: #0000ff;\">Sign of the times.<\/span><\/strong> Even the horses are complaining about our obesity.<\/span><\/p>\n<p><span style=\"color: #000000;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Horses.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1346\" title=\"Horses\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Horses.jpg\" alt=\"\" width=\"300\" height=\"400\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Horses.jpg 300w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/Horses-225x300.jpg 225w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"color: #3366ff;\">I didn&#8217;t buy an iPad.<span style=\"font-weight: normal;\"><span style=\"color: #000000;\"> My son, Michael, the geek, emails me &#8220;<em>I continue to not want one.<\/em>&#8221; All his reasons are in Jasbone&#8217;s <\/span><\/span><a href=\"http:\/\/www.jasbone.com\/wp\/2010\/04\/ipad-the-problems\" target=\"_blank\">post.<\/a> <\/span><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"color: #3366ff;\"><span style=\"font-weight: normal;\"><span style=\"color: #000000;\">Fortunately I&#8217;ve been recommending Apple&#8217;s stock. And it has continued to rise. Nobody can make hype like Steve Jobs. It rubs off onto his stock. \u00a0He&#8217;s already sold 700,000 iPads. That&#8217;s at least $350 million. <\/span><\/span><\/span><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"color: #3366ff;\"><span style=\"font-weight: normal;\"><span style=\"color: #000000;\">You don&#8217;t want an iPad, yet. Trust me.<\/span><\/span><\/span><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"color: #3366ff;\"><span style=\"font-weight: normal;\"><span style=\"color: #000000;\"><strong><span style=\"color: #0000ff;\">Favorite recent New Yorker cartoons:<\/span><\/strong><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"color: #3366ff;\"><span style=\"font-weight: normal;\"><span style=\"color: #000000;\"><strong><span style=\"color: #0000ff;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/SpringBreak.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1348\" title=\"SpringBreak\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/SpringBreak.jpg\" alt=\"\" width=\"400\" height=\"320\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/SpringBreak.jpg 400w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/SpringBreak-300x240.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/span><\/strong><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"color: #3366ff;\"><span style=\"font-weight: normal;\"><span style=\"color: #000000;\"><strong><span style=\"color: #0000ff;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/GravelCartoon.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1349\" title=\"GravelCartoon\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/GravelCartoon.jpg\" alt=\"\" width=\"400\" height=\"333\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/GravelCartoon.jpg 400w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/04\/GravelCartoon-300x249.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/span><\/strong><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><strong><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2009\/12\/HarryNewton.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9\" title=\"HarryNewton\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2009\/12\/HarryNewton.gif\" alt=\"\" width=\"95\" height=\"162\" \/><\/a><\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"color: #000000;\">Harry Newton, who&#8217;s still plowing through his desk and trying desperately to hang onto that wonderful, relaxed feeling he had achieved out west. <\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"color: #3366ff;\"><span style=\"font-weight: normal;\"><span style=\"color: #000000;\"><br \/>\n<\/span><\/span><\/span><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York, my desk. \u00a0I turn on CNBC. The first time in 5 weeks. It lasts 5 minutes. The screaming. The stridency. The breathlessness. Larry Kudlow is the worst. Does the man ever breath? If this is &#8220;civilization,&#8221; I want none of it. The biggest cost to the search for the perfect investment is not [&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-1341","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/1341","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=1341"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/1341\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}