November 19, 2014

Stock Picks–Nov. 19, 2014

Category: Money & Investments — jerry @ 2:04 pm

Interesting development for me in that FORBES Magazine interviewed me last week in connection with their upcoming December “Retirement 2015″ issue. I remain one of the “stars” at the Marketocracy site I’ve written about here (although not lately), and Marketocracy had passed along my name. I have given the FORBES writer the following 2 stock picks, which I will be purchasing myself today: Fonar Corp. (FONR), which engages in the design, manufacture, sale, and servicing of magnetic resonance imaging (MRI) scanners, and Maiden Holdings, Ltd. (MHLD), which is an insurance company.

I now have a 10+ year record with Marketocracy. Those of you who are curious can see the records for my 2 “star funds” at the following links:

Pettit Mutual Fund #1

Pettit Energy Fund

February 18, 2007

(Randomly)FROM THE ARCHIVES:
An Anti-Nazi Disney Cartoon

Category: Movies/TV — jerry @ 1:41 pm

I’ve written here a time or two about Nazi propaganda. Here’s a heavy-handed anti-Nazi cartoon that I’ll bet most of you have never seen, done by the folks at Disney:

April 2, 2009

(Randomly)FROM THE ARCHIVES:
Narcissistic Personality Disorder

Category: Books,Movies/TV — jerry @ 11:21 am

I was watching The Colbert Report the other night and the author of the below-referenced SLATE article about Narcissistic Personality Disorder was on. I’ve written a number of times about this disorder (as a search on the word “narcissistic” in the Search box at the right will demonstrate)–with reference to Blago, Obama’s ex-Reverend Wright, O.J. Simpson and deceased Enron exec Ken Lay. It is a pretty nasty (and all too-common) disorder that just sucks the life out of the narcissist’s victims–generally, family members and other “loved ones”. I enjoyed this SLATE article and recommend reading it (and there is a link to the Colbert segment with the author at the site) :

What is narcissistic personality disorder, and why does everyone seem to have it?
By Emily Yoffe

The narcissists did it. Some commentators are fingering them as the culprits of the financial meltdown. A Bloomberg columnist blamed the conceited for our financial troubles in a piece titled “Harvard Narcissists With MBAs Killed Wall Street.” A Wall Street Journal op-ed on California’s economy suggested that Gov. Schwarzenegger’s desire for voter’s love (“It’s classic narcissism”) helped cause the state’s budget debacle. A forthcoming book, The Narcissism Epidemic, says we went on a national binge of I-deserve-it consumption that’s now resulting in our economic purging.

This is the cultural moment of the narcissist. In a New Yorker cartoon, Roz Chast suggests a line of narcissist greeting cards (“Wow! Your Birthday’s Really Close to Mine!”). John Edwards outed himself as one when forced to confess an adulterous affair. (Given his comical vanity, the deceitful way he used his marriage for his advancement, and his self-elevation as an embodiment of the common man while living in a house the size of an arena, it sounds like a pretty good diagnosis.) New York Times critic Alessandra Stanley wrote of journalists who Twitter, “it’s beginning to look more like yet another gateway drug to full-blown media narcissism.” And what other malady could explain the simultaneous phenomena of Blago and the Octomom? [Rest of article]

***

Ouch!  Painful to read about my old Presidential favorite John Edwards diagnosing himself as a narcissist.  But in truth, that might have been why I had been particularly “attracted” to him–I’m a sucker for narcissists if I’m not careful.   How can you not love a charming pathological liar, huh?

About ten years ago, I was reading everything I could get my hands on about the personality disorder–having been through a particularly ugly episode with one.  I found and still find the topic fascinating, and when I skipped over to Amazon just now to look up a book cited in the SLATE article I find that there are a LOT of books on the topic available now.   A sign of the times, I suppose, as the article hints.

Anyway, read up folks! And be careful out there…

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October 29, 2014

Stock Picks–Oct. 30, 2014

Category: Money & Investments — jerry @ 3:45 pm

A couple of unenthusiastic picks this time around.

I’m going to take a small position in Barrett Business Services Inc. (BBSI), which barely makes it onto my screen and looks really boring–but sometimes you can make money with boring.

I decided to also put some what-the-heck money into Winnebago Industries, Inc. (WGO), also because it made the screen. Do people really still buy recreational vehicles? Winnebago is the leading brand of them, as far as I know. Maybe they’ve started making “hybrids” (?), because I thought these things got about 5 miles to the gallon and thus just don’t make sense at all–but the stock has been doing okay the last little while. Is it because We Boomers are prematurely senile and forgot we have a fuel crisis? Hey, I’d personally like to have one, but what with costing so much to buy and with the fact that I’d have to leave it parked in my driveway unless I went back into the work force…I just don’t know who is crazy enough to buy these things. Oh, yeah–me, I guess. Because I just bought a bunch of their stock and I can’t even “drive that around to visit the grandkids”…

[EDIT: I wrote this post a couple of days ago, aware that I would be traveling yesterday and unable to actually consummate my purchases until today. Turns out that BBSI plunged 34% yesterday and I dodged a bullet. I ended up buying it anyway–the PE ration is even better–but only half as much, since a plunge like that is “nervous-making”…]

October 8, 2014

Stock Picks–Oct. 8, 2014

Category: Uncategorized — jerry @ 12:57 pm

Truly terrible several months for me–underperforming the market, which always is upsetting.

Deep breaths…

Okay, I’m going to split my money up between two similar investments: Fortress Investment Group LLC (FIG) and Apollo Global Management, LLC (APO), both companies being in the investment management business.

Which also describes me. (At least for myself).

More deep breaths…

Good luck!

September 18, 2014

Stock Picks–Sept. 18, 2014

Category: Money & Investments — jerry @ 12:02 pm

Well, after a dearth of picks the last time I looked (August 27th), I found several this time around:

First up, I’ll be taking a half (limited confidence) position in both JMP Group Inc. (JMP), which is in the investment banking industry, and REX American Resources Corporation (REX), which is in the ethanol business, and which I actually purchased once before a couple of years ago, although I don’t recall how I did–I think pretty well.

I’m also going to take a full position in Alaska Air Group, Inc. (ALK), hoping to be able to get cheap airplane tickets to go watch the next Palin family brawl.

August 27, 2014

Stock Picks–Aug. 27, 2014

Category: Money & Investments — jerry @ 11:02 am

I think I’ve only done this once before, but…

Sitting it out for a few weeks.

Nothing showed up on my screen that I want to buy.

I’m just going to hold on to what I’ve got.

Call it My August Vacation, I guess.

Good luck!

August 6, 2014

Stock Pick–Aug. 6, 2014

Category: Money & Investments — jerry @ 11:29 am

Ouch! Taking a hit lately, but I keep on plugging.

Today I have two selections: Appliance Recycling Centers of America Inc. (ARCI), which apparently recycles appliances. A noble pursuit.

And BBVA Banco Franc (BFR), which provides financial services in Argentina–to the extent that Argentina HAS “financial services”. They defaulted a week ago and their market tumbled some 8%–making this a fairly risky pick, as so many of mine are.

The market is a little nervous-making these days, so…Good Luck!!

July 17, 2014

Stock Pick–July 17, 2014

Category: Money & Investments — jerry @ 1:36 pm

I’m going to jump back into AmTrust Financial Services, Inc. (AFSI), which I bought in July, 2010, and sold a couple of years later, pretty much doubling my money. It has kept running up (me missing most of it) and now is back on my screen, so I guess I’ll try, try again.

Good luck!

June 25, 2014

Stock Picks–June 4, 2014

Category: Money & Investments — jerry @ 12:24 pm

Just one pick this time around: Modine Manufacturing Company (MOD).

They manufacture “heat exchangers” for vehicles.

Cool…

Anyway, they have a really low P/E ratio–which I always like, although that can also be a sign of something…wrong.

So, good luck!

And Happy Investing!