>>Have you thought about buying the used Honda from Bezos? That may solve your problem;-)<<
Good morning Glenn from lovely, warm and beautiful La Costa Calif.
Yes, I did try to buy the Bezos honda, but it appears that it's not for sale.
The Bezos PR machine has insisted that he keeps it and, his little loft.
Image, they say, is more important than profits in this ever changing world.
Now back to the elephants. There's an interesting article in the San Diego Union Tribune but for some reason I can't get it on the Internet.
I'll just highlight this.>> "The biggest storm on Wall Street swirls around Internet stocks. So, don't be surprised if your mutual fund has put you in the middle of it. Fast-rising Internet stocks are hard to resist. At least three so-called Internet mutual funds focus on them. Broader technology funds rely heavily on them. But a search by fund-tracker Morningstar found heavy Internet exposure in less obvious places. Morningstar, responding to a request by the Kansas City Star found 11 nontechnology funds with at least 15 percent of their assets invested in Internet stocks. About three dozen more have 10 percent to 15 percent of their money riding on Internet stocks, according to Morningstar. The (mutual fund) industry is there and buying them, there's no question, says Geoff Bobroff, an industry consultant in East Greenwich, R.I. Investors, however, might have trouble figuring this out on their own. Fund reports to sharewholders rarely use the word "internet' when classifying the types of companies they invest in."<<
Ps
The reason I posted this was to remind you and me to never bet against a stock that the elephants haven't finished eating. Kind of wished we'd known that last May. Don't you think?? |
