Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Monday, March 7, 2005: It's
a good time to be cautious. Cash remains king. Remember there are a lot of scams
out there, all attracted to the wads of money sitting on the sidelines. Be careful.
Our path is presently not certain.
Buffett is not sanguine on the US trade deficit,
describing Americans as "rich spending junkies" who could turn into
a nation of "sharecroppers". In his annual letter
to investors in Berkshire Hathaway, the fund he has run for more than 30 years,
Mr Buffett painted a bleak picture of a future US in which ownership and wealth
continues to move overseas, leaving the economy in hock to foreign interests
and faced with financial turmoil and political unrest. Read his just released
annual report. Click
contrast, the CEOs are optimistic. Our
economy is expanding, according to the The Roundtable's CEO Economic
Outlook Survey, which provides a forward-looking view of the economic
assumptions and outlooks of Roundtable companies.The March survey was completed
by 118 of the Roundtable's 160 member companies, which represent 10 million
employees in the U.S. and $4 trillion in annual revenues. Any number above 50
is expansionary. Of particular importance in this survey is that capital
spending plans are sharply higher with a 10 point gain in the percentage
of CEOs planning increases, compared to our last survey in December 2004,
says Roundtable's chairman.
The Perfect Investment? Writes a reader:
Writing options on the S&P is almost the Perfect Investment. There are
too many stocks to keep up with. The S&P is a broad gauge of the market.
It is easier to pick where the market "may" not go, instead of where
it will go." For more, see Friday's column. Click
I missed: Remember the money management I talked about? They target
great companies which fall on bad times. I have no idea if they picked Martha
Stewart Living (MSO). But MSO seems to fit the profile.
The latest issue has recipes for pancakes and risotto. The column "Ask
the Editors" has reverted to "Ask Martha."
Ebbers "I am dumb" defense: Bernie Ebbers is testifying
he was guilty of WorldCom's $11 billion fraud. He says he didn't know the technology
and didn't understand finance. The New York Times headlined its story
about Bernie's defense, "Did the buck stop anywhere?" I love
to hook up to cable broadband: I'm in California,
escaping New York's cold. I rented a house and hooked up broadband cable and
then screwed up. I forgot:
+ Cable TV broadband, like Roadrunner, gives you only one IP Address.
+ To run multiple computers on Roadrunner, you need a router, not a hub. I brought
a hub, not a router. Dumb.
+ Radio Shack sells Linksys routers that work just fine. I'll buy one at Radio
Shack this morning.
Photoediting programs make sense? : The two
main ones are Google's Picasa 2 and Adobe's Photoshop Elements 3. They do two
things: First, they give you the tools to clean up your photos -- remove red
eye, lighten the photo, change the colors, etc. Second, they force you to organize
your photos their way and save two copies of every photo. I like the first --
fixing photos. I hate the second -- organzing them. As a result, I don't use
them. I use Photoshop CS. It cleans but doesn't organize. "But, Harry,
Photoshop is expensive," you will say. That it is. You now have three
+ Use the software that came with your camera. It will do the basic cleanup
+ Buy an older version of Photoshop on eBay.
+ Get the latest Photoshop CS version with an educational discount -- the latest
"trick" in buying software. Because I have a daughter going to school,
I'm allowed to buy software for her at hugely-discounted prices.
StopCarly.com is gaining momentum:
More and more readers are posting comments on why the incompetent Carly Fiorina
should not be made president of The World Bank. Tell your friends
Tell them to tell their friends. This is really important.
How not to make love:
Upon hearing that her elderly grandfather had just passed away, Katie
went straight to her grandparent's house to visit her 95-year-old grandmother
and comfort her. When she asked how her grandfather had died, her grandmother
replied, "He had a heart attack while we were making love on Sunday morning."
told her grandmother that two people nearly 100 years old having sex would surely
be asking for trouble.
"Oh no, my
dear," replied granny. "Many years ago, realizing our advanced age,
we figured out the best time to do it was when the church bells would start
to ring. It was just the right rhythm. Nice and slow and even.
Nothing too strenuous, simply in on the Ding and out on the Dong."
She paused to
wipe away a tear, and continued, "He'd still be alive if the ice cream
truck hadn't come along,"
to fix the problem:
Three women go down to Mexico one night, get drunk, and wake up in
jail, only to find that they are to be executed in the morning, though none
of them can remember what they did the night before.
The first one,
a redhead, is strapped in the electric chair, and is asked if she has any last
words. She says, "I am from Grace University, and believe in the almighty
power of God to intervene on the behalf of the innocent," They throw the
switch and nothing happens.
They all immediately
prostrate themselves; beg for her forgiveness, and release her.
The second one,
a brunette, is strapped in and gives her last words, "I am from the Creighton
School of Law and I believe in the power of justice to intervene on the part
of the innocent." They throw the switch and again, nothing happens.
Again, they all
immediately prostrate themselves; beg for her forgiveness, and release her.
The last one,
a blonde, is strapped in and says, "Well, I'm from the University of Alabama,
Huntsville and just graduated with a degree in Electrical Engineering, and I'll
tell you right now, you ain't gonna electrocute nobody if you don't plug this
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. That money
will help pay Claire's law school tuition. Read more about Google AdSense,
here and here.