Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Tuesday, June 5:
How much to invest? A great opportunity comes along. How much should you invest
in it? Invest everything and then some (through borrowing) you will enjoy massive
returns (maybe) and massive risk (definitely). I'm scouring the literature for
rules. I'm scouring my brain. Email me some of your thoughts..
Here are some preliminary thoughts:
1. How much control
you have. Are you on the board or just a passive dummy? The more control, the
more you should invest.
2. How much you
can afford to lose if the whole thing does down toilet. Personal bankruptcy
is increasingly less an option the older you get.
3. Your feeling about the likely success. Your "feelings" are not
"feelings" but the result of extensive due diligence. We need to know
4. Liquidity. How fast you can get out. Listed securities and bonds are at one
end of the liquidity spectrum. Private equity funds are at the other end.
5. How well you've
done your estate planning. Less well equals more liquidity.
6. Your "allocation."
I'm not a fan of static allocation. But too much in one field is clearly not
useful. Life changes quickly. Think western desert real estate. Think bird flu
stocks. Think China stocks.
7. Put more in
as success builds. Get out fast if there are too many bumps.
yourself in the foot, part 2: I
wrote about how much I love PhotoBooth yesterday.
But today I can't tell you how much PhotoBooth costs to rent. I sent emails,
left voice mails, but haven't heard back from the owner, a man called Mark Van.
about this. Here's an "entrepreneur" trying to get a new business
off the ground. Here's an editor calling to give the entrepreneur free
publicity. And the entrepreneur is too busy (or too lazy) to call back....
Tell your kids to put a PhotoBooth look-alike together together. There's money
in this business. It's perfect for a talented, tech-savy high school or college
kid. Far more profitable than a paper route.
you pay $2.48 now in return for $3.01 cash soon? Inyx
is selling for $2.48. From Finance Yahoo:
NEW YORK, April
16 /PRNewswire-FirstCall/ -- Inyx, Inc. (OTC Bulletin Board: IYXI - News),
a specialty pharmaceutical company focused on niche drug-delivery technologies
and products, reported today that the company's Chairman and CEO, Jack Kachkar,
M.D., reaffirmed to the special committee of the Inyx board of directors his
all-cash offer priced at $3.01 per share to take the company private that
was originally announced on March 26, 2007.
committee, with the assistance of an independent investment- banking firm
it has selected, is in the process of evaluating the fairness of the going-private
offer. It expects to complete its evaluation after the company reports its
audited operating results for 2006. The special committee will then issue
a recommendation to Inyx stockholders, who will be asked to vote on the offer.
The $3.01 per
share offer, which matches the all-time-high closing price for Inyx's common
stock recorded on March 23, 2006, has the support of Inyx's entire senior
management team, which is participating in the offer along with a strategic
outside financial investor.
Inyx, Inc. is
a specialty pharmaceutical company with niche drug-delivery technologies and
products for the treatment of respiratory, allergy, dermatological, topical,
cardiovascular and pain-management conditions. Inyx focuses its expertise
on both prescription and over-the-counter pharmaceutical products, and provides
specialty pharmaceutical development and production consulting services. In
addition, Inyx is developing its own proprietary products.
logic: Colorado congressman, Tom Tancredo, is running for president.
He's also anti-immigration. He wants a moratorium on all immigration into the
U.S. for at least three years. He has a solution to global warming. This
week's Time Magazine quotes him as saying:
The fact is, Americans consume more energy than anyone else, so if a person
moves here from another country, they automatically become bigger polluters.
guessed it. He is also running for president. I don't make this stuff up.
planning and hedge funds: If you and your wife die, you owe Uncle
Sam estate tax money in nine months. There are lock-ups on virtually all funds
these days that are longer than Uncle Sam's. It's reasonable to ask your
funds for a letter saying they'll release your heirs if you and your spouse
selection. File under: Blinded by science.
My favorite computer writer is Robert X. Cringely. He posted this a few days
More than 6,000
years after the universe was created, a museum dedicated to that glorious
event has finally arrived. The Creation Museum opened its doors last Monday,
bringing 4000 eager faithful back to the days when Man and dinosaurs lived
outside Cincinnati, the 60,000-square foot building features dioramas of Adam,
Eve, and their Old Testament homies, along with amniotronic brachiosaurs and
a life-sized recreation of Noah's Ark. Did you know that the great flood carved
out the Grand Canyon in just 8 minutes? These and other truly amazing science
facts can be had for a $20 ticket.
caution against falling for pseudo-science claptrap about the earth being
4.5 billion years old, and warn secularists that belief in evolution leads
directly to surfing Internet porn. But I bet you knew that already.
creators, an outfit called Answers in Genesis, have spent $27 million
to prove Darwin wrong. They've succeeded beyond their wildest dreams. The
great naturalist believed all humans evolved from lower species. Clearly evolution
is a lot more selective than that.
If the universe
was created in six days, why does it take me so long to write this blog?
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