Monthly Archives: July 2008

iPhone 2.0

When I first got the iPhone in early July 2007, it was a necessary research expense.  Only by sampling the features and, most importantly, its ease of use could I determine the prudence of increasing my AAPL stake.  By testing it frequently using my 2, 4 and eight year olds as test subjects, I knew that Apple would dominate the cell phone market.  So when it was down from $200 to mid $120s in February and March, I quickly bought some more AAPL.

The financial aspect of the iPhone settled, I switch my focus to its suitability for non-tech savvy boomers.   The iPhone is a great product whose features will come easy for any Blackberry addict.  The rub, as with many technological advances, is that you have to read the instructions.  Smartly, Apple has a multitude of great videos that replace the usual written manuals.

That being said, the iPhone learning curve is shorter than a Blackberry, but because more use Blackberrys, for now, it is easier to get hands on help from peers.  

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Personal Responsibility in the Red States

A new web site I’ve found:  Strange Maps

To paraphrase Imus, are we surprised?


Personal Responsibility doesn\'t seem to work so well in the Red States

Personal Responsibility doesn\

Does Smoky imply a Conspiracy??

Just notes I took while reading GRETCHEN MORGENSON‘s most recent article explaining the current financial mess: A Window in a Smoky Market.

1.  New Accounting rules set to take effect November 15; conspicuously close to the election.  Sure makes it easier to spin the subsequent crash caused by this rule change as “Election” related.

2.  Simple explanation: Sell one risk but buy another.  The CDS buyer assumes the risk of “seller” defaulting rather then underlying investment defaulting.  In practice, paying Goldman Sachs 1% to sell a CDS backed by Bears Stearns rather then holding a bond backed by GM, Exxon or other company.

3.  The first failed CDS that cannot be settled amicable, will roil the markets.

4. If you owned default protected (a basic CDS) and also owned the asset then you had to disclose the details.  If you don’t hold the asset but are merely “making a bet” for or against a companies default, then no disclosure is necessary.  No surprise the market with non-disclosure grew from “133 billion three years earlier” to more the $2 trillion today (31% annual growth).