Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Wednesday, July 25, 2007: I'm
not worried. Yesterday Wall Street laid an egg -- down nearly 2%. Daily movements
in stockmarkets are increasingly violent -- up heavily one day, down heavily
the next. Much of the movement is the result of programmed trading. In this,
computers sense the market is moving down and sell and buy or sell, without
human intervention. Their "trades" are often for tiny moves, sometime
for arbitrage between different stock exchanges. Mostly they cover their position
by the end of the day. So the next day can start afresh -- up or down, depending
on which way the wind is blowing.
None of this has anything to do with earnings fundamentals, which remain strong.
The subprime borrowing mess will not spread its contagion to the rest of the
market long-term. Short-term, my friends in the LBO (leveraged buyout/private
equity business) are having difficulty borrowing money. That affects their ability
to buy public companies, and thus ultimately the price of publicly-traded companies.
But this doesn't affect everyone. I have just received two capital calls for
private equity funds I'm in -- they're still buying public companies.
Noise proves nothing. Often a hen who has merely laid an egg cackles as
if she had laid an asteroid. Mark Twain.
genuinely like finance.google.com: Fewer ads
and more customizable than finance.yahoo.com.
money: As a promotion, many banks will offer
to lend you as much as $50,000 for very little interest -- say 1%. Take the
money, "invest" it with another bank at 5.2%. A friend did it. He's
earning $1,500 a year for doing nothing. Make sure you repay the cheap loan
on time, otherwise you'll be hit with high charges.
Australian miner Kagara Zinc booms: My favorite
Australian miner continues to do well. It now mines and/or is exploring for
zinc, nickel, copper, lead and gold -- a nice diversification mix. This chart
is from their latest June 30 quarterly report.
You can read that
report in full here.
desperation in magazines: Magazines are so desperate, they are sending
"urgent" renewal notices out a year in advance. Magazines are
obliged to tell you when your subscription expires. Some do. You can ignore
most renewal notices.
wicked slim laptop:" That's what PC Magazine
called Toshiba's new Portegé R500 laptop. It
can weigh as little as 1.72 lbs, which is basically nothing. It's the lightest
laptop, bar none. Benefits include: tiny, light, DVD player/burner and full-size
keyboard. In short, ultra-portable. Drawbacks: slow processor at 1.2 GHz and
no pointing stick (though a perfectly-fine trackpad). The best configuration
is 2 gigs of memory and a 64 gig solid state "hard" drive. Cost is
$2,999. I'm very tempted. Neat, tiny machine.
The new Toshiba Portegé R500-S5004. Available soon
to send a short message (an SMS) to a cell phone from your PC: 1+the
number@Teleflip.com. For example, send me a message email@example.com.
Another way is vtext.com.
cover: I love the dark sunglasses on the latest
cover of The New Yorker.
things you don't know about women: From August's
Esquire, by Julie Delpy:
We need you to be reachable at all times, but we don't always pick up our phones
when you call. We realize this seems like a double standard; if you'd like to
discuss it further, just leave a message.
We only want to date men who can troubleshoot computers. The broken laptop is
the leaky faucet of the twenty-first century.
the fight started
I rear-ended a car this morning...the start of a REALLY bad day!
The driver got
out of the other car, and he was a DWARF!!
He looked up at
me and said "I am NOT Happy!"
So I said, "Well,
which one ARE you then?"
That's how the
Harry's note: Again, I hesitated before publishing this "joke." But
... my latest theory is if I offend everyone, I won't offend anyone -- so long
as the joke is funny, which this one clearly is.
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. Thus I cannot endorse any, though some look
mighty 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 Claire's
law school tuition. Read more about Google AdSense, click
here and here.