![\"SPXOverTwoDays\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/10\/SPXOverTwoDays.jpg\")
<\/a><\/p>\nAh, the joys of investing in biotech.\u00a0<\/strong><\/span> A Wall Street analyst had a $45 price target (also called PT) on this — until yesterday when she cut her PT by more than half\u00a0 to $20.<\/p>\n ARWR’s drug isn’t as good as projected. My gullible friend who invested on the analyst’s recommendation is now heavily out of pocket.<\/p>\n Had he been working for Steve Cohen, he would have found out\u00a0 about the drug’s failings in advance of the public, sold short and made hundreds of millions, as S.A.C. Capital Advisors did with Elan and Wyeth. All this may eventually put you in jail for insider trading. But you’d be stinking rich for a few years. If you’d like to read all about S.A.C. and an experimental drug called bapineuzumab (known as bapi in the trade), read the latest New Yorker magazine’s article called “The Empire of Edge — How a doctor, a trader and the billionaire Steven A. Cohen got entangled in a vast financial scandal.” <\/em>Click here.<\/strong><\/a> If that link doesn’t work, it may mean you’re not a New Yorker subscriber. So, subscribe. it’s a great magazine. Buy this issue on the newsstand.<\/p>\n A wonderful twist on life insurance.<\/strong>As you know, I think life insurance is a waste of money — unless your heirs will need the money to pay off Uncle Sam without being forced to sell the family business at a fire sale price. But I have no family business. My assets are liquid. And my income is not what it used to be. Hence insurance premiums would be a burden. Here’s a deal I got offered yesterday:<\/span> + I sign up for life insurance. <\/span><\/p>\n + I don’t pay any premiums. You read right. Keep reading.<\/p>\n + When I die, my trust (set up for my kids and their kids) get 65% of my life insurance payout. The guys who paid my premiums over all those years will get the remaining 35%.<\/p>\n My new friend has signed up over 20,000 people in the last ten years to this deal. He puts them into “pools.” Institutions, hedge funds and others fund the insurance premiums. You can figure out the returns with mortality tables. They’re high. (Except on me, since I’m living forever.)<\/p>\n I’m very tempted. If any of my readers is interested in this deal (and who wouldn’t be?) send me an email. This may be the find of a lifetime.<\/p>\n I don’t get a commission. Shucks.<\/p>\n Useful tips:<\/strong><\/span><\/p>\n + Reboot your modem, your router and your computer every few days.\u00a0 Your local DNS caches get messed up and slow you down. Don’t ask for an explanation. Just reboot everything regularly.<\/p>\n + Get your boarding pass exactly 24 hours before your plane leaves. The airline may offer you a cheap upgrade to a better seat or to business or first class. Works with United.<\/p>\n + Never pay retail. There’s always a discount coupon somewhere. Sign up for their newsletter. Sign up for their credit card. Try the AAA card. Call the company and beg\u00a0 for a cheaper price. Asking always<\/strong> works. With hotels, with retailers and with airlines.<\/p>\n + If you’re still paying your cell carrier for SMS messages, you should be using WhatsApp<\/strong>. Its messages are 100% free. Everyone overseas uses WhatsApp, because international SMS is very pricey. I love WhatsApp. It’s better than normal SMS messaging.<\/p>\n + The easiest, cheapest, most convenient way to set up conference calls is through SaveOnConferences.com<\/em>. Click here.<\/strong><\/span><\/p>\n + The Robin Hood Investors Conference starts Monday October 20 at the Grand Hyatt in New York. It features hedge fund managers’ Best Ideas.<\/strong> It’s the best investment conference of the year. I’ll be there. I was there last year.<\/p>\n For the Robin Hood Investors Conference, click here.<\/strong><\/a><\/p>\n Syria is a total mess.\u00a0<\/strong>If this map doesn’t fit on your iPad\/iPhone\/PC screen, tap or click on it <\/span><\/span><\/p>\n The map comes from FP — Foreign Policy magazine.\u00a0 To put this mess into perspective, ask yourself which is larger Syria or Oregon? The answer is below.<\/p>\n What our President is trying to accomplish there is beyond my tiny brain.<\/p>\n Several ex-members of the Obama administration have recently written books criticizing Obama.<\/p>\n Mr Obama\u2019s \u201cmost conspicuous weakness\u201d, according to Leon Panetta, is a \u201cfrustrating reticence to engage his opponents and rally support for his cause\u201d.<\/p>\n Congress is on leave, not in session and not debating what we’re doing in Syria\/Iraq, etc.<\/p>\n The best wedding video ever. <\/strong><\/span>I once photographed 83 weddings one summer. Got me money. This video is priceless. Totally wonderful. Click here<\/strong><\/a> or here<\/a><\/strong>.<\/strong><\/a><\/p>\n<\/a><\/p>\n
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