Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
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8:30 AM EST, Monday, June 4: You
are your own worst enemy. After 40 years in business, the only thing
I've learned is that you are your own worst enemy. Your competition --
whether it's Microsoft or the corner computer store -- will never hurt
you to the extent that you can (and will) hurt yourself.
Building
a house is a good way to watch how small business performs. The good subcontractors
do good work, get paid promptly and get used on the next job and the one after
that. The bad ones don't show when they promise. They don't return phone calls.
They don't read their emails. They don't call when disaster strikes.
To get our bad subcontractors moving, we've tried threats, begging, groveling...
even flattery. Our efforts sometimes produce action, mostly not. The sad thing
is these small businessmen lose reputation. Which is sad. They build houses
in our local community. Rule number 1: all communities are small. Even ones
spanning the world. The telephone is the great reputation-discoverer.
We
sold it too cheaply: My friends put their home
on their market on Friday. By Sunday they had an offer for the price they wanted.
Their immediate reaction? Not joy, but annoyance."We sold it too cheaply,"
they said. They didn't. I explained that everyone who has ever sold anything
feels that way. Move on. Pray they sign the sales contract.
Super
entrepreneurial idea: It's called the Digital
PhotoBooth. You rent it for your event -- party, bar mitzvah or hospital ball,
where I found it on Saturday night. It looks like this:
You stand in front
of it, look at yourself on the little screen, pull a face and push the little
remote button you hold in your hand. A flash goes off. And bingo, your photo
appears on huge plasma screens displayed around the hall. Your photo is slotted
in an endless loop of fun photos. Everyone sees your clowning all night. The
following day you can download your photos from the Internet. The whole thing
is addictive and enormous fun. . Here are three we did.

That's Sara and Skip on the left. That's me in the middle. That's me and Chuck
on the right. Chuck is a law professor. His students are going to have a field
day with this photo.
There are millions
more photos from Saturday night. Here's the link: http://markvans.com/COLUMBIA_GREENE/index.htm.
I couldn't get a price, yet, to rent the booth. The web site is http://markvans.com/.
The black and white photos looked really super on the huge plasma screens.
They made our antique zoot suits look positively neat.
Tell
your kids to get cracking: Murdoch bought Flektor.com,
started barely a year ago, for $20 million. I don't understand the world of
social networking and posting stupid videos to the Internet. Your kids understand
it. Give them a little money. It doesn't take much to get web sites off the
ground. Take a piece of the business. Pretty soon someone -- Murdoch, Google,
Yahoo, Microsoft etc. -- will buy you out for vast amounts of money. This is
a huge boom. Here are excerpts from the weekend's news, explaining some of the
"logic.":
Murdoch spends
$327m in web spree
NEWS CORP'S Internet division has plunged further into the fast-growing world
of amateur video, buying two young companies for a combined $270 million.
.
Fox Interactive Media spent about $250 million for Photobucket, which draws
more than 30 million monthly visitors who view and store billions of digital
photographs, videos and slideshows. News Corp spent more than $20 million
for little-known Flektor, which offers free tools for editing and displaying
online videos.
Both companies' services are aimed at people who post web profiles on social-networking
sites including Fox Interactive's prize property, MySpace.
In the short term, Fox expects the purchases to help it capture more web surfers
and keep their attention for longer. Like MySpace, both Photobucket and Flektor
are set up to make most of their money through advertising.
But Fox also hopes to push the creative products to News Corp's broader audience,
Fox Interactive president Peter Levinsohn said. That could foster an increase
in user-submitted content across the company's stable of Internet properties,
including AmericanIdol.com and video-game fan site IGN.com.
In one potential use, Mr. Levinsohn said, a high school sports fan could record
a local game and then post it to FoxSports.com.
The idea also could extend to local news footage.
"We now control the single busiest social media site, the single biggest
personal media destination, and what I think is the coolest set of tools that
exist today," Mr. Levinsohn said, referring to MySpace, Photobucket and
Flektor respectively. "And we will take it to another level."
Gartner analyst Mike McGuire said the Flektor tools could help fuel political
expression. A citizen commentator could take a video clip from a debate and
add their thoughts, then post the combination to MySpace or Google's YouTube.
Mr. McGuire said News Corp now appeared to be doing the best job of any "old
media" company in staying abreast, or even ahead, of what consumers want
to do with videos and photos.
"Consumers are now in absolute control of how they want to access media
and program media," Mr. McGuire said. "Having these properties on
top of MySpace, which we can almost view as a platform, is very smart."
The deals were announced the same day that CBS confirmed its own jump into
social networking with the $U280 million purchase of Last.fm, a site organized
around sharing musical preferences.
The new-media
buyout spree this week also saw dominant online auction firm EBay announcing
the $75 million acquisition of StumbleUpon, a site with more than 2 million
users who recommend Internet pages, including those within social networks,
for people to visit. ...
While
we're at it, why don't we
?
If you know why these words cause pain, you'll feel sympathy for several of
us, who started out with a small addition to the house and ended up with a demolition
of all or part of the old house. I have zero advice, except to swallow deeply
and say,"That's a good idea."
Cured
at last: My acute bronchitis took 3 1/2 weeks to cure itself. I suspect
that time, not the two doses of antibiotics, did the trick.
French
Open Tennis TV Schedule: Plenty of tennis to
watch. There's a six hour time difference to EST and nine hours to PST. Tennis
is basically on three channels -- ESPN2, NBC and the Tennis Channel (455 on
Time Warner).

|
Date
|
Time
(EST)
|
Round
|
Channel
|
June
4 |
12:00
PM (Live)
|
Round
of 16
|
ESPN2
|
June
5 |
6:00
AM (Live)
|
Women's
quarter finals
|
Tennis
Channel
|
June
5 |
12:00
PM (Live)
|
Quarterfinals
|
ESPN2
|
June
6 |
5:00
AM ET (Live)
|
Men's
Doubles quarter finals
|
Tennis
Channel
|
June
6 |
6:00
AM (Live)
|
Men's
quarter finals
|
Tennis
Channel
|
June
6 |
12:00
PM (Live)
|
Quarterfinals
|
ESPN2
|
June
7 |
8:00
AM (Live)
|
Semifinals
|
ESPN2
|
June
7 |
1:00
PM (Live)
|
Women's
SF
|
Tennis
Channel
|
June
8 |
10:00
AM - 1:00 PM (Live)
|
Men's
SF
|
NBC
|
June
9 |
9:00
AM - 12:00 PM (Live)
|
Women's
Final
|
NBC
|
June
10 |
9:00
AM - 2:00 PM (Live)
|
Men's
Final
|
NBC
|
|
The secret of long life -- finally
A tough old cowboy counseled his grandson that if he wanted to live a
long life,the secret was to sprinkle a pinch of gun powder on his oatmeal
every morning.
The grandson
did this every day to the age of 103, when he died. He left 14 children,
30 grandchildren, 45 great grandchildren, 25 great great grandchildren,
and a 15 foot hole where the crematorium used to be...
The
end is very near
A priest and a pastor from one of the local churches were standing by
the side of the road, pounding a sign into the ground, that read:
The
End Is Near!
Turn Yourself Around Now
Before It Is Too Late!
As a car
sped past them, the driver yelled, "Leave us alone, you religious
fanatics!"
From the
curve they heard screeching tires and a big splash.
The pastor
turned to the priest and asked, "Do you think the sign should just
say something simpler, like 'Bridge Is Out'?"

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.
Go back.
|