{"id":27508,"date":"2014-08-19T10:00:08","date_gmt":"2014-08-19T14:00:08","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=27508"},"modified":"2014-08-19T11:28:51","modified_gmt":"2014-08-19T15:28:51","slug":"taken-to-the-woodshed-wheres-the-control","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=27508","title":{"rendered":"Taken to the woodshed. Where&#8217;s the control?"},"content":{"rendered":"<p style=\"text-align: left;\">I got taken to the woodshed early this morning. I lost without honor. I have a litany of excuses. But none make up for the depressing feeling I get when I lose at tennis or my portfolio drops a nickel.<\/p>\n<p style=\"text-align: left;\">I never had these yo-yo feelings when I ran my own business. I knew we were on the right track. I could adjust things when things went awry.<\/p>\n<p style=\"text-align: left;\">But I sold the business and now I spend far too much time figuring what to do with the proceeds. It&#8217;s what Susan and I live on.<\/p>\n<p style=\"text-align: left;\">Virtually all the places my meager money is invested in are out of my control. That&#8217;s what drives me nuts.<\/p>\n<p style=\"text-align: left;\">I read the reports. I listen to the conference calls. I speak to the executives. And I scream. &#8220;<strong>That&#8217;s not the way you do it<\/strong>.&#8221;<\/p>\n<p style=\"text-align: left;\">But my rants do me <strong>no<\/strong> good because no one listens. They all know better. And some actually do.<\/p>\n<p style=\"text-align: left;\">I like my dictionary. I&#8217;m in control. I like this column because it&#8217;s mine. But 100 or 1000 shares of Google? One day it&#8217;s up. One day it&#8217;s down. Up and down like a whore&#8217;s drawers. (Australian expression.)<\/p>\n<p style=\"text-align: left;\">I&#8217;m guessing &#8220;sophisticated&#8221; investors have learned to live with these gyrations. But it&#8217;s hard for ex-CEOs, like me. We were in control. Now we&#8217;re not.<\/p>\n<p style=\"text-align: left;\">Why am I writing this? If you&#8217;re thinking of selling your business, think of what&#8217;s next. Investing your ill-gotten gains does <strong>NOT<\/strong> produce the satisfaction that earning them did.<\/p>\n<p style=\"text-align: left;\">I thought at one stage that I&#8217;d invest some of the gains in startups and work with the entrepreneurs to help grow their business. But no one listens &#8212; unless I have 51%. I don&#8217;t have that sort of money.<\/p>\n<p style=\"text-align: left;\">So, it&#8217;s back to my OWN business. I have some ideas. I really do like the opportunities in making apps for Apple&#8217;s AppStore. I&#8217;ll have my dictionary out in six weeks. Amazon will sell millions. I really control Amazon.<\/p>\n<p style=\"text-align: left;\">I&#8217;ll have my &#8220;<em>In Search of the Perfect Investment<\/em>&#8221; book out in nine months. But they&#8217;re fun things. Legacy things. Not real zillion dollar profits. Meantime, that AppStore seriously appeals.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Why did I buy a $27 modem?<\/strong> <\/span>Every reader thinks I&#8217;m nuts. Sadly, I still do need to send faxes. For several years, I&#8217;ve printed them out, put them in my 20-year Panasonic fax machine, and dialed up. It&#8217;s tedious and boring.<\/p>\n<p style=\"text-align: left;\">I saw this darling little $27 fax modem<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TrendnetModem.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27502\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TrendnetModem.jpg\" alt=\"TrendnetModem\" width=\"361\" height=\"303\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TrendnetModem.jpg 361w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TrendnetModem-300x251.jpg 300w\" sizes=\"auto, (max-width: 361px) 100vw, 361px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">and I thought, &#8220;That&#8217;s useful.&#8221; My laptop doesn&#8217;t have a modem.<\/p>\n<p style=\"text-align: left;\">A reader called DRM emailed:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Harry,<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">I need to send a fax about once a month to my financial institution. I travel a lot around the world and don&#8217;t have access to phone lines &#8230; I used to use Skype &#8230; but then they discontinued the fax service<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">I now use some Windows software called Voxox to send fax from my laptop. Its something similar to Skype but also has the ability to fax . You have to sign up and purchase a minimum credit (I think it was $10) .. and then you are able to send unlimited fax to USA numbers over the internet. It works great for me. I&#8217;ve been using it for a couple of years with my original credit purchase. No hardware required! It also has the ability to make phone calls over the internet &#8230; but I don&#8217;t use that &#8230; i use Google voice.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>She earned $75 million+ last year. <\/strong><span style=\"color: #000000;\">And deserves every penny.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TaylorSwiftVideo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27509\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TaylorSwiftVideo.jpg\" alt=\"TaylorSwiftVideo\" width=\"700\" height=\"304\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TaylorSwiftVideo.jpg 700w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/08\/TaylorSwiftVideo-300x130.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">You can watch Taylor Swift&#8217;s latest video <a title=\"Taylor Swift's latest video\" href=https:\/\/www.youtube.com\/watch?v=nfWlot6h_JM\" target=\"_blank\"><strong>here<\/strong><\/a><strong>.<\/strong><span style=\"color: #000000;\">\u00a0<\/span><span style=\"color: #000000;\"> It&#8217;s superb.. She appeals to the 18-25 year old crowd, and a handful of the 70-to death crowd (like Frank and I). Taylor is her own director, her own choreographer, her own stage manager&#8230; She runs the show with an iron hand. In the old days we would have said she was a Theory X manager.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Today&#8217;s totally tasteless &#8220;joke&#8221;<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Knock. Knock.\u00a0 The social worker is at the door. She notices the children, and, to start a conversation, asks their names?<\/p>\n<p style=\"text-align: left;\">&#8220;The boys are called Moses. And the girls are called Latisha.&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;Isn&#8217;t that confusing?&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;No, we call each of them after their father.&#8221;<\/p>\n<p style=\"text-align: left;\"><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\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" alt=\"HarryNewton\" 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><br \/>\nHarry Newton who counsels, please put everything in your wallet on your scanner this morning and keep scans of the front and back of everything. Then leave most everything at home. One day you&#8217;ll lose your wallet and wonder why you were so stupid to carry so much around with you. I get away with one credit card. I don&#8217;t keep originals in my wallet. &#8230;While you&#8217;re at it, remove your vehicle&#8217;s registration from your glove compartment. Too easy for thieves to ransack your house while you&#8217;re at the ballgame.<\/p>\n<p><script>\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');\n\n  ga('create', 'UA-45200733-1', 'technologyinvestor.com');\n  ga('send', 'pageview');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I got taken to the woodshed early this morning. I lost without honor. I have a litany of excuses. But none make up for the depressing feeling I get when I lose at tennis or my portfolio drops a nickel. I never had these yo-yo feelings when I ran my own business. I knew we [&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-27508","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/27508","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=27508"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/27508\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}