Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Tuesday, October 2, 2007: The
theory is that the market predicts nine months ahead. So it's discounted subprime
contagion, record oil price problems and talk of a recession. It thinks we're
in for some great economic times. I'm not arguing.
it soared, hitting peak.
exchange yesterday between Harry and his favorite
hedge fund manager, Dennis Mykytyn of Modern Capital:
Harry: How did we do for September?
said Im complaining? I'm on cloud 9 with daughter's wedding.
How much would you have liked to make in September?
I dont have the exact number yet, but it starts with a 5.
I dont think I want to hear such good news.
OK, then well credit you with 1.8%.
Harry: I guess
I fell right into that hole all of my own making
got clobbered yesterday by news of Nokia buying Navteq. Also
Yair Reiner of CIBC World Markets lowered his rating on Garmin from outperform
to sector perform, or neutral, on Monday, citing concerns about "the long-term
threat" posed by the buyout of Navteq. Garmin uses Navteq maps in its beautiful,
hot-selling navigation devices.
think the whole gefufil (pronounce it) is overblown and presents us with an
opportunity to pick some Garmin before they bounce back -- as they will.
weekend is long:
A man and his wife were celebrating 50 years together. Their three kids, all
very successful, agreed to a Sunday dinner in their honor.
Mom and Dad," gushed son number one. "Sorry I'm running late. I had
an emergency at the hospital with a patient. You know how it is, and I didn't
have time to get you a gift." "Not to worry," said the father.
"The important thing is that we're all together today."
Son number two
arrived and announced, "You and Mom look great, Dad. I just flew in from
Los Angeles between depositions and didn't have time to shop for you."
"It's nothing," said the father. "We're glad you were able to
Just then the daughter arrived. "Hello and happy anniversary ! I'm sorry
but my boss is sending me out of town and I was really busy packing so I didn't
have time to get you anything"
Again the father said, "I really don't care. At least the five of us are
After they had
finished dessert, the father said, "There's something your mother and I
have wanted to tell you for a long time. You see, we were very poor. Despite
this, we were able to send each of you to college. Throughout the years your
mother and I knew that we loved each other very much but we just never found
the time to get married." The three children gasped and said, "You
mean we're bastards?"
said the father. "And cheap ones, too."
column is short. Spent yesterday recovering from the wedding and
sorting through nearly 1,200 photos. Should be some good Kodak moments. Pity
Kodak didn't benefit. Remember yesterday's column about how fast things change?
I put myself through college shooting weddings on Kodak Tri-X. No more. Now
I use SanDisk (SNDK) memory cards. Wait till they replace twirling hard disks
in laptops with ultra-quiet, ultra-fast, ultra-reliable SanDisk flash memory.
You ain't seen nothing yet.
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.