Harry Newton's In Search of The Perfect Investment
Technology Investor. Harry Newton
AM EST, Wednesday, April 29, 2009. Hog prices
have fallen. With violence and swine flu, no one is visiting Mexico, where
tourism is slumped. Six of our 19 biggest banks need more capital. All predictable
the Australian dollar and the Euro are climbing. More predictable stuff, says
media picked up on "Sell in May and go away."
favorite investment guru. When I win at tennis,
I reward myself by visiting Mariella Pizza on 151 West 60 Street, right opposite
Bloomingdales. John Vicari, the owner (sort of), makes the absolute best pizza
in New York.
also dispenses the best investment advice. Samples:
When you owe money, you're a slave."
Buy these three -- ERF (yields 10%+), PWE (yields 24%) and LINE (18%).
Apache Energy (APA). He bought recently -- lower -- and is making a profit.
loves the stockmarket. But lost all his money during the tech boom by listening
to George Gilder. He had hoped to retire, but now faces more pizza making.
For me that's good news. He really does make good pizza.
for help on locked up money. Surely no one believes these pleas
for help unlocking monies in foreign bank accounts. In the last day, I have
received emails from Nigeria, South Africa, Hong Kong and Cuba. The deal is
simple. Send them some money. They'll use it to unlock a bank account which
I'll become beneficiary of. In a few weeks, I'll receive 30% of $28 million
is a scam. Don't even think about opening any attachments. A far better idea
is to send me the money. Cash accepted. Gold bullion preferred.
news. If you missed investing with Madoff, you can still invest
in the movie.
movie poster is not a creation of Photoshop. It's for real. It's from something
called Dragon Lion Media.
no mistake. We are selling off our future and the future of our children
to prevent the bondholders of US financial corporations from taking losses.
We are using public funds to protect bondholders of some of the most mismanaged
companies in the history of capitalism, instead of allowing them to take
losses that should have been their own." -John Hussman, fund manager.
mother always wanted to be a Buddhist. Now
I know why, from my present favorite book:
goes that Gautama, whom they were later to call the "Enlightened One,"
the "Buddha," rejected his life of splendor. For six years he
led the life of a hermit and penitent. ... He sat under a fig tree -- The
Tree of Enlightenment as it became known -- that took away his doubts and
brought him inner peace...
This is what
the Buddha taught: If we can stop ourselves wanting all the beautiful and
pleasant things in life, and can learn to control our greed for happiness,
comfort, recognition and affection, we shan't feel sad anymore. ... I can
already hear you saying, "That's very well, but people can't help wanting
things." The Buddha thought otherwise. He said it is possible to control
our desires, but to do we need to work on ourselves and only have the desires
we want to have.
This was the
Enlightenment that Buddha experienced under the fig tree: the realization
that, instead of giving into our wishes, we can break free from them. The
Buddha called it the "middle way," because it lay between useless
self-torment and thoughtless pleasure-seeking."
There you have
it. The perfect philosophy for today's economy.
Father O'Malley answers the phone. "Hello, this is Father O'Malley"
"This is the
Tax Dept. Can you help us?"
"Do you know a Ted Houlihan ?"
"Is he a member of your congregation?"
"Did he donate $10,000 to the church?"
This column is about my personal search for the perfect
investment. I don't give investment advice. For that you have to be registered
with regulatory authorities, which I am not. I am a reporter and an investor.
I make my daily column -- Monday through Friday -- freely available for three
reasons: Writing is good for sorting things out in my brain. Second, the column
is research for a book I'm writing called "In Search of the Perfect
Investment." Third, I encourage my readers to send me their ideas,
concerns and experiences. That way we can all learn together. My email address
is . You can't
click on my email address. You have to re-type it . This protects me from
software scanning the Internet for email addresses to spam. I have no role
in choosing the Google ads on this site. Thus I cannot endorse, though some
look interesting. If you click on a link, Google may send me money. Please
note I'm not suggesting you do. That money, if there is any, may help pay
Michael's business school tuition. Read more about Google AdSense,
here and here.