Sam Kahn: ‘I know this won’t fly as a submission to the Value Investors Club you wrote about last week, but my favorite recommendation is to buy mutual funds managed by [differently-beautiful] women. Women still have to work harder than men to be successful and [differently-beautiful] women have to work even harder than that. I usually don’t find what I need in a prospectus, but with a little research (sometimes it’s a judgment call), this has worked for me.’
☞ Differently-beautiful was not exactly the adjective Sam used, but everyone is beautiful in some way – especially if they’re earning you better than average returns on your money.
- Bob Stally: “Forbes.com has some good and active message boards, including one for Calton.”
- Ralph: “Re: lowermybills.com, you should check out abtolls.com and ecglongdistance.com. Either one has lower rates.”
- Last March 14 I told you about some stock picks of a very smart friend. As of Friday they were up, collectively, about 67%. One of them, Jones Apparel (JNY), up 73%, and has also been favored by Warren Buffett. I noticed Friday that some Buffett-controlled entities have recently sold some of their JNY. Since I had it in a retirement account, sheltered from tax, I sold mine as well. This isn’t to say JNY won’t continue to thrive, or even that I’ve interpreted the insider-trading data properly. But you know the old saying about bulls, bears, and pigs.
- Meanwhile, the Great Atlantic & Pacific Preferred J stock (GAJ) suggested here in January at $12 (now $22), paid its regular 58-cent-a-share quarterly dividend again in May, as it did in February . . . leading me, of course, to wish (at least for now, until something terrible happens) that I had bought much more. But there’s an old saying for that one, too – “would’a-could’a-should’a.” Roughly translated: “Get over it!”
- The free books went to a teacher in Fort Wayne, Indiana.
- For more on the vandal scandal – click here.
Quote of the Day
The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.~Franklin D. Roosevelt
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