{"id":23309,"date":"2013-11-21T08:20:26","date_gmt":"2013-11-21T13:20:26","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=23309"},"modified":"2013-11-21T08:20:26","modified_gmt":"2013-11-21T13:20:26","slug":"how-harry-wasted-a-whole-year-trying-to-pick-stocks","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=23309","title":{"rendered":"How Harry wasted a whole year trying to pick stocks"},"content":{"rendered":"<p style=\"text-align: left;\">Every day I intone on which stocks to buy and sell.<\/p>\n<p style=\"text-align: left;\">Easier: Buy index funds and save the time.<\/p>\n<p style=\"text-align: left;\">Muriel comes in once a week to help me with my investor stuff.<\/p>\n<p style=\"text-align: left;\">Yesterday she exclaimed,\u00a0 &#8220;Your stocks did exactly what your Vanguard index funds did so far in 2013 &#8212; 23%.&#8221;<\/p>\n<p style=\"text-align: left;\">Dah!<\/p>\n<p style=\"text-align: left;\">I&#8217;ll tell you which Vanguard funds tomorrow.<\/p>\n<p style=\"text-align: left;\">This morning, I&#8217;m wasting my time spending $7,500 (yes, you read right) at the Robin Hood Investors Conference at the Sheraton Hotel Times Square (which is, of course, nowhere near Times Square). Fortunately, all my $7,500 goes to charity. So I get to listen to some of the best investment managers pick stocks for me.<\/p>\n<p style=\"text-align: left;\">More tomorrow on the stock picks.<\/p>\n<p style=\"text-align: left;\"><strong><span style=\"color: #0000ff;\">The shame of American health care.<\/span> <\/strong>It&#8217;s really awful. We pay more and get less. This New York Times piece sums it all up. Click <a title=\"The shame of American health care\" href=\"http:\/\/www.nytimes.com\/2013\/11\/18\/opinion\/the-shame-of-american-health-care.html?nl=opinion&amp;emc=edit_ty_20131118&amp;_r=0\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Back to the art market &#8211; Part 5 or 6. <\/strong><span style=\"color: #000000;\">This is the can of sardines I keep on my desk. <strong><br \/>\n<\/strong><\/span><\/span><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Sardines.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23314\" alt=\"Sardines\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Sardines.jpg\" width=\"600\" height=\"406\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Sardines.jpg 600w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Sardines-300x203.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Moishe sold the can to Chaim for $2. Chaim sold it to Peter for $4. Peter sold it to Harry for $8, who sold it to John for $16, etc.<\/p>\n<p style=\"text-align: left;\">Eventually Yankele bought the can for $64. One Sabbath evening, Yankele proudly produced and presented the can to his family. Sadly, the can was rancid.<\/p>\n<p style=\"text-align: left;\">Yankele was pissed. He traced the can back to Moishe. &#8220;How could you sell this fraud?&#8221;<\/p>\n<p style=\"text-align: left;\">Moishe retorted, &#8220;You schmock. That can was not for eating. It was for trading.&#8221;<\/p>\n<p style=\"text-align: left;\">Now think back to what you&#8217;ve recently read in this blog on the art market &#8212; especially the contemporary art market.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Latest techie tips<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Your printer is busted. Easy to fix. Buy parts and a do-it-yourself video at <a title=\"Fix Your Own Printer.com\" href=\"http:\/\/www.fixyourownprinter.com\/\" target=\"_blank\"><strong>FixYourOwnPrinter.com. <\/strong><\/a>Their people are helpful and will, like many Internet sites, save you a little money if you talk to them directly.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+\u00a0 Comcast is much beloved by investors, but not by its users because it charged like a wounded bull. Lately it started charging Michael $8 a month for the rental of a cable modem which it had previously given him for free.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Comcast.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23321\" alt=\"Comcast\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Comcast.jpg\" width=\"645\" height=\"276\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Comcast.jpg 645w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/Comcast-300x128.jpg 300w\" sizes=\"auto, (max-width: 645px) 100vw, 645px\" \/><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Solution: Craigslist. Michael bought a second hand one for $15 and will return Comcast&#8217;s newly pricey modem today. You can also buy Comcast modems on Amazon for $49.99. Click <a title=\"Cable modems\" href=\"http:\/\/www.amazon.com\/ARRIS-Motorola-SURFboard-SB5101U-DOCSIS\/dp\/B002M3SHXA\/ref=sr_1_5?ie=UTF8&amp;qid=1385000755&amp;sr=8-5&amp;keywords=motorola+cable+modem\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ There&#8217;s no way to delete all your emails on your iPhone &#8212; except by deleting them one by miserable one. That is so dumb!<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Every time Apple upgrades the software on its iPhones wastes an hour or two of your time. That is even dumber. You don&#8217;t have to upgrade each time Apple does. Also, Apple often screws up updating the iPhone, especially if you&#8217;re using iTunes on Windows. So, don&#8217;t &#8220;upgrade&#8221; every time it asks.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Norton Internet Security is the absolute best protection for your email client &#8212; e.g. Microsoft&#8217;s Outlook. Norton Internet Security has saved my tushy on a million occasions. I love Norton Internet Security.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ I&#8217;m no longer impressed with Apple&#8217;s new iPad mini retina display. It&#8217;s too expensive and it&#8217;s horrible to type on. It&#8217;s too small. It&#8217;s neat to read a book on. But Amazon&#8217;s new Paperwhite is better, is much cheaper and has better note-taking.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Stop buying extra cables. They always change everything. What you need these days are HDMI cables. Amazon has cheap, quality ones. don&#8217;t buy cables retail.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ The iPhone 5S runs rings around all the Android phones. It&#8217;s much easier to use &#8212; especially when it&#8217;s not &#8220;upgraded&#8221; constantly.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Why COSTCO is such a great stock.<\/strong><\/span> Here&#8217;s the first reason:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/CostCoThisYear.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23315\" alt=\"CostCoThisYear\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/CostCoThisYear.jpg\" width=\"643\" height=\"283\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/CostCoThisYear.jpg 643w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/11\/CostCoThisYear-300x132.jpg 300w\" sizes=\"auto, (max-width: 643px) 100vw, 643px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Here&#8217;s the second:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">One day, in line at the company\u00a0 cafeteria, Joe says to Mike behind him, &#8220;My elbow hurts like hell. I guess I&#8217;d\u00a0 better see a Doctor.&#8221;<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">&#8220;Listen, you don&#8217;t have to spend\u00a0 that kind of money,&#8221; Mike replies<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">&#8220;There&#8217;s a diagnostic Computer down\u00a0 at Costco. Just give it a urine sample &amp; the computer will tell you what&#8217;s\u00a0 wrong and what to do about it.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">It takes 10 seconds and costs 10\u00a0 dollars &#8211; A lot cheaper than a Doctor.&#8221;<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">So, Joe deposits urine sample in a\u00a0 small jar and takes it to Costco.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">He deposits 10 dollars and the\u00a0 computer lights up and asks for the urine sample&#8230; He pours the sample into the\u00a0 slot and waits.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Ten seconds later, the computer\u00a0 ejects a printout:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">&#8220;You have tennis elbow. Soak your\u00a0 arm in warm water and avoid heavy activity.. It will improve in 2 weeks. Thank\u00a0 you for shopping @ Costco..&#8221;<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">That evening, while thinking how\u00a0 amazing this new technology was, Joe began wondering if the computer could be\u00a0 fooled.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">He mixed some tap water, a stool\u00a0 sample from his dog, urine samples from his wife+daughter &amp; sperm sample\u00a0 from himself for good measure.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Joe hurries back to Costco, eager to\u00a0 check the results. He deposits 10 dollars, pours in his concoction &amp; awaits\u00a0 the results.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The computer prints the following:<\/p>\n<p style=\"padding-left: 60px; text-align: left;\">1. Your Tap water is too hard. Get a\u00a0 water Softener. (Aisle 9)<br \/>\n2. Your Dog has Ringworm. Bathe him\u00a0 with anti-fungal shampoo. (Aisle 7)<br \/>\n3. Your daughter has a Cocaine\u00a0 habit. Get her into rehab.<br \/>\n4. Your wife is pregnant. Twins.\u00a0 they aren&#8217;t yours.. Get a lawyer.<br \/>\n5. If you don&#8217;t stop playing with\u00a0 yourself, your elbow will never get better<\/p>\n<p style=\"text-align: left;\">Thank you for using Costco.<br \/>\n<a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" alt=\"HarryNewton\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/p>\n<p style=\"text-align: left;\"><script type=\"text\/javascript\">\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){   (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),   m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)   })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');   ga('create', 'UA-45200733-1', 'technologyinvestor.com');   ga('send', 'pageview');\n\/\/ ]]><\/script><\/p>\n<p style=\"text-align: left;\">Harry Newton, who will kill the next salesman who calls and says &#8220;<em>Did I catch you at an OK time?<\/em>&#8220;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every day I intone on which stocks to buy and sell. Easier: Buy index funds and save the time. Muriel comes in once a week to help me with my investor stuff. Yesterday she exclaimed,\u00a0 &#8220;Your stocks did exactly what your Vanguard index funds did so far in 2013 &#8212; 23%.&#8221; Dah! I&#8217;ll tell you [&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-23309","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/23309","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=23309"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/23309\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}