{"id":16697,"date":"2012-12-17T09:06:04","date_gmt":"2012-12-17T14:06:04","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=16697"},"modified":"2012-12-17T13:52:30","modified_gmt":"2012-12-17T18:52:30","slug":"christmas-is-approaching-apple-forecast-for-1111-a-worthwile-video-from-bill-ackman","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=16697","title":{"rendered":"Christmas is approaching. Apple is targeted at $1,111. (Sic.) A worthwile video from Bill Ackman"},"content":{"rendered":"
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If you’re so smart, why aren’t you rich?<\/strong><\/span> That’s the title of a one-hour video by Bill Ackman for Floating University. Bill is Pershing Square Capital Management. The title is “Everything You Need to Know About Finance and Investing In Under an Hour.<\/em>” Excerpts:<\/p>\n

On Finance \/ Business<\/strong><\/p>\n

The first segment of the video is ideal for beginners and students as it combines concepts from introductory accounting, finance and business classes.\u00a0 He covers topics such as:<\/p>\n

– How business works
\n– How to raise capital
\n– How to monetize your business investment
\n– Dynamics of investing in debt versus equity
\n– Assessment of risk
\n– Valuation<\/p>\n

On Investing<\/strong><\/p>\n

The second part of the video delves into investing, noting that “the most valuable asset in investing is time.”\u00a0 He highlights the keys to successful investing:<\/p>\n

1. Invest in public companies
\n2. Understand how the company makes money
\n3. Invest at a reasonable price
\n4. Invest in a company that could last forever
\n5. Find a company with limited debt
\n6. Look for high barriers to entry
\n7. Invest in a company immune to extrinsic factors
\n8. Invest in a company with low reinvestment costs
\n9. Avoid businesses with controlling shareholders<\/p>\n

Ackman summarizes things by saying, “Find a business that you understand, has a record of success, makes an attractive profit, and can grow over time.”\u00a0 He says the best investments don’t require a lot of reinvestment capital and generate a healthy cashflow to pay out in dividends to shareholders<\/p>\n

He also addresses other investing concepts such as compound interest, psychology of investing, and how to withstand volatility.<\/p>\n

Says Ackman, “The key here is not just shooting for the fences, but avoiding losses.”<\/p>\n

You should watch the video. Click here.<\/strong><\/span><\/a><\/p>\n

Cramer’s favorites<\/strong><\/span>: PPG, ETN (Eaton Corp.) and HON (Honeywell) have all done well in 2012. They are virtually at their all-time peak. They all pay a dividend — PPG 1.82%, ETN 2.89%, and HON 2.66%. Cramer likes them because they do good work and are easy to understand — the sort of stocks Ackman likes also.<\/p>\n

More on Apple:<\/strong> <\/span>The weekend was full of blogs commenting on Apple. Some thought it was a bargain. Some thought it was way overpriced. Suffice no one has the vaguest idea. Two things are apparent:<\/p>\n

1. No one knows how to value Apple. Warren Buffett has said he doesn’t know how to value Apple.<\/p>\n

2. Apple is priced by momentum. When the momentum is hot, Apple is hot. When the momentum is cold (as it is today) , Apple will remain weak.\u00a0 Until Apple introduces a seriously hot new product, I suspect that it will remain cold. Meantime, Apple has started discounting. Right before this Christmas you can buy Apple iPhone 5 with 16 gigs of memory for $50 less than a month ago. This is disturbing. This is not the old Steve Jobs company. This is a boring struggling consumer electronics company run by a boring, unimaginative, conventional\u00a0 CEO.<\/p>\n

This morning Brian White from Topeka Securities upped his Apple price target to $1,111. In early trades the stock is falling.It’s now less than half his target. Go figure. Or better, don’t. Move on.<\/p>\n

In Steve’s days the buzz on Apple was always positive. These days it’s always negative. Business Insider sent our a piece this morning, “Every Apple-Made App On Your iPhone Can Be Replaced By A Better App.<\/em>” Yuch. Click here.<\/strong><\/a><\/p>\n

This is the rapid-fire assault weapon used in Connecticut.<\/strong><\/span><\/p>\n

\"\"<\/a><\/p>\n

It costs less than $1,000 on the Internet. You can buy one at any gun show immediately — without a background check. It has no place in American households. This is not useful for hunting or for sport. I believe owning an assault weapon should be 100% illegal. These weapons should be handed in to the police. An amnesty should be provided. Two months should be sufficient. After that if you’re caught with one, you go to jail.<\/p>\n

But then I come from a country which has some of the most restrictive firearms legislation in the world. Guns were not part of my growing up. I knew no one who owned one. Here they’re all around me. I feel, consequently,\u00a0 less safe. Wikipedia has more on Australian gun laws. Click here.<\/strong><\/a><\/p>\n

My favorite baby picture.<\/strong><\/span> <\/strong>She’s my daughter’s best friend. She’s called Michelle\u00a0 He’s called Tom. He’s her husband. They took this photo just before they left for the hospital.<\/p>\n

\"\"<\/a><\/p>\n

Mother and baby are doing well. She had the child natural. No pills. No injections. Nothing. It worked. The birth didn’t hurt Tom one little bit.<\/p>\n

Hearing aids revisited.<\/strong><\/span>
\nAudiologist to patient: “You need a hearing aid.”<\/p>\n

Patient: “How much is it going to cost me?”<\/p>\n

Audiologist: “$6,000”<\/p>\n

Patient: “That’s exorbitant. I’m going to shop around.”<\/p>\n

Two days later the patient returns to audiologist<\/p>\n

Patient: “I knew you were ripping me off. I bought one just as good for $275.”<\/p>\n

Audiologist: “Really -what kind is it?”<\/p>\n

Patient: “Ten after four”
\n
\nA touching Christmas story<\/strong><\/span>
\nA married couple had been out shopping at the mall for most of the afternoon. Suddenly, the wife realized that her husband had ‘disappeared’.<\/p>\n

The irate wife calls her mate’s cell phone: “Where the hell are you?”<\/p>\n

Husband: “Darling, you remember that jewelery shop where you saw the diamond necklace and totally fell in love with it and I didn’t have money that time and I said, ‘Baby, it’ll be yours one day’?”<\/p>\n

Wife, with a smile and blushing: “Yes, I remember that my Love.”<\/p>\n

Husband: “Well, I’m in the bar next to that shop.”<\/p>\n

\"\"<\/a>
\nHarry Newton, who had switched to Windows 7 several months ago and several months later had finally got it working the way he liked it — like Windows XP.\u00a0 But then, something happened. Two of my important programs — Lookout and Fidelity’s Active Trader Pro – started acting up. Lookout wouldn’t find things in Outlook. Active Trader Pro wasn’t showing some stocks I owned. For days I figured a virus or some other nasty. Then I figured a glitch. No. More fiddling and fiddling. I finally figured an “update” that Microsoft had automatically (and secretly) installed on my two Windows 7 machines, but not on my Windows XP machine where things continued to work perfectly. In one fell swoop, Microsoft had wrecked two of my most important programs — in the name of “progress” or what? No explanation. Microsoft had not asked “Do you mind if we wreck your machine?” They’d simly done it. And I thought I had turned off automatic updates. Anyway, I replaced Lookout with Lookeen (a great search engine for Outlook) and Active Trade Pro with their new beta version. And things seem to be working again. But it was frustrating and took a long time. Another reason to thoroughly dislike Microsoft.<\/p>\n

This is what we did yesterday. A lot of work hanging all this stuff. The family better be awed when they see it this coming weekend.<\/p>\n

\"\"<\/a><\/p>\n

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If you’re so smart, why aren’t you rich? That’s the title of a one-hour video by Bill Ackman for Floating University. Bill is Pershing Square Capital Management. The title is “Everything You Need to Know About Finance and Investing In Under an Hour.” Excerpts: On Finance \/ Business The first segment of the video is […]<\/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-16697","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/16697","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=16697"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/16697\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}