Showing posts with label Investments. Show all posts
Showing posts with label Investments. Show all posts

Friday, April 9, 2010

Effective Company Leadership Causes Stock Prices to Rise

While I write posts for my other blog "Grow Your Dollars" I often wonder exactly what makes a company thrive. So often, it is the leadership.

A CNBC interview today of a psychologist and long-term investor drilled into what to look for in a good stock purchase, because not all great CEOs make businesses with rising stock prices.

Chuck Akre, of Akre Focus Fund, said that managers must have "an equal part of integrity and skill". Most importantly, they must compound "economic value per share."  He cites Berkshire Hathaway, insurer Markel, and American Tower as three companies with strong leadership that have been good long-term holds.



The psychologist and business advisor Dr. Susan Battley, interviewed by David Faber and Erin Burnett said that a company with great management is a wise choice, so you are "investing in the artist not the painting." She said we often make the mistake of what psychologists call "confirmation bias" where we confirm, "we overweigh first impressions" and should weigh those powerful first impressions against reality. She also said that leadership effectiveness is the "ability to attract and retain talent" and "the bench to execute consistently over time."

It has always been thus with business.
This fine interview can also be seen here.

Thursday, January 21, 2010

Internet Freedom: A New Human Right



Alec Ross,  pictured below, was on NPR this morning in this segment. He's been recruited to  be an  a Senior Advisor for Innovation, to modernize the State Department's branches with up-to-date technologies, to endorse modern technology as a platform for innovation and to network with other countries to track criminals.


Alec Ross flickr.com

The federal government thinks companies like Google--and the 30+ other companies that have been hacked--shouldn't have to worry about cyber attacks. (That'll be the day!) The reason is, President Obama's Administration believes the ability to operate with confidence in cyberspace is essential to innovation and prosperity and as a means to improve general welfare around the globe. Internet freedom as a concept draws in other concepts of freedom.

President Obama elevated internet freedom to a basic human right in his speech at the Shanghai Town Hall, and Secretary Clinton made a major foreign policy address today on the same topic. Clinton said in her speech "those who disrupt the free flow of information pose a major threat."


Hillary Clinton

Did you know that 31% of internet users are forced to use censored sites? The United States Government wants an explanation. Internet freedom is a global issue now that Google has decided it will not continue to censor its Chinese sites. Extreme examples of censorship abound in a country-by-country examination around the world. The State Department advocates the use of tools of digital diplomacy. We can each become a "Global Citizen."

News of so-called honor killings in the Middle East of women accused of using social media sites shocked my sixteen-year-old daughter and myself as I drove her to school this morning. Women and other human beings around the world have a right to an uncensored internet. (One has to be skeptical the beings (probably men) who would do these beatings and killings count as humans). We in the West tend to take freedom on the internet as a given, as a huge repository of the world's knowledge.

The American government approves and encourages the use of Google, YouTube, Facebook and Twitter and the internet in general to spread information. Alec Ross is also interested in promoting the use of radio communications to aid overseas fighting and cell phones to aid law enforcement.

The State Department (here with a video of Clinton's speech at the Newseum) is planning to offer tools and resources on its website to encourage free use of the internet.

Friday, January 15, 2010

LAMP For Haiti



LAMP for Haiti is a wonderful contribution option for those who would love to help the people of Haiti. Donations are accepted on the website.

Over 80% of donations go directly to pay for medical care; the remainder is for administrative costs.

 The medical clinic on the outskirts of Port-au-Prince is headed by amazing physicians, friends of my friends who have jumped to fill current emergency needs.

The clinic in Cite Soleil, Haiti (pictured above) provides free medical care and works to safeguard the human rights of the residents.

Saturday, November 14, 2009

Why not Give to Kiva?



Here's Trey Ratcliffe from the Photo site two posts previous talking about Kiva, where "loans save lives." If you give money to help start businesses, the money should come back -- albeit without interest so it's not traditional giving. Sounds like a good way to help.

Friday, April 17, 2009

The Most Expensive House For Sale In America

Here's a rare look at Candy Spelling's house in Bel-Air, Los Angeles.


Doll Room: Candy Spelling continued buying dolls long after Tori, daughter of Aaron, needed them.



There's a CNN video from the "Larry King Show" narrated by Chelsea Handler with more detail at the CNN website if you can get it, but it will soon expire.

Spelling won't talk about money, or say the price on television, even of property taxes. She's living in a dream world of her own making if she thinks "it's not that much" at USD$150 million.

Thursday, March 19, 2009

Timing Is Everything

Citigroup Tower, NYC

If there is an aphorism that relates to fancy company headquarters, it's well-known:

"When an organization has a truly comfortable headquarters which meets all its needs, its decline has begun."*

If so, Citigroup better take notice.

Bloomberg is detailing the distinctive New York City Citigroup headquarters with an old-fashioned $10M taxpayer-funded interior redesign to reflect the needs of the "new" Pandit-led team. Obviously, only the "most expensive" will do.

*Thanks to tomstreeter.com

Thursday, March 5, 2009

It's Too Late to Debate, Rush!

The Dow is sinking lower today, down -202 points at mid-day, and the Republican Party has also sunk to a low level again today with Rush Limbaugh, whom I haven't listened to, challenging the President to a debate.

Friday, February 20, 2009

Confirmed: Madoff Made Off With Billions


Bernard Madoff enters federal court Jan. 14 in New York City

Every one who made money from Madoff investments took it from a new investor. According to The New York Times, those who took out more than they put in “have to recognize that they got someone else’s money,” said David J. Sheehan, a lawyer working with the Securities Investor Protection Corporation (SIPC).

Irving Picard, a trustee at the SIPC, is working hard to recover money for investors. He said today "the disgraced financier did not buy any securities for his clients in at least the last 13 years."

Irving Picard

“We have no evidence to indicate securities were purchased for customer accounts,” the trustee, Irving H. Picard, said at the first gathering of Mr. Madoff’s clients and other creditors at the federal bankruptcy courthouse in Lower Manhattan."

According to The Wall Street Journal, Mr. Picard "has said he will sue investors to retrieve profits they earned, particularly if they took their money out because they were suspicious".


Tuesday, February 17, 2009

Guard Dogs in Demand



Flipping through the pages of the February, 2009 Robb Report I noticed an unusually large number of ads for guard dogs, mostly German Shepherds. Several of the dog ads were of dogs pictured with children, so cute. But also, a bit sinister, when you think about it. Why now? The American economic downturn is so severe that wealthy clients are likely to need guard dogs, maybe more guard dogs?

Today news came of another possible Ponzi scheme, from the Stanford Financial Group (no relation to the university) of approximately $U.S. 8 billion. The Wall Street Journal says "The SEC filed civil charges against R. Allen Stanford, alleging he orchestrated a scheme centering on an $8 billion CD program. Federal agents raided Stanford's headquarters" in Houston.

Now more than ever, I suppose those who have money want to keep it and keep themselves safe. Alas, it's likely too late for those who invested with Madoff and Stanford. If only those on guard at the SEC had protected investors from those crooks. At least the SEC acted on recent Stanford Financial complaints.

But where were those on guard at the SEC when collateralized debt obligations (CDOs) were created from a mix of subprime loans, corporate loans, and commercial and residential real estate? If CDOs hadn't been created, it is conjectured that the financial bubble that has burst and exploded so disastrously might not have happened. Many have now lost life savings, and may face unemployment and foreclosures...It's probably the worst, most serious financial disaster this country has ever seen.

We all could have used better protection and regulation.

Friday, February 13, 2009

Is Tim Geithner Leading The Ailing Housing Sector?


HuffPost is saying that Timothy Geithner is concerned with pleasing bankers to an alarming extent.

But if it is true that renegotiations of housing interest rates are being considered, then the government will finally be appearing to do something. Most Americans want a strong leader in Treasury. They are worrying that Tim Geithner is not appearing strong enough. But of course, no one would be the perfect Treasury Secretary to everyone.

With The Wall Street Journal announcing foreclosure moratorium measures here, there would appear to be some leadership coming from the market, as I wrote on my other blog in more detail.

By the way, there are bloggers asking if patriotism is fine. Of course, I think it's fine. It's exclusionary protectionism that is counter-productive and harmful to trade.

Update 1: CNBC-TV at 1:45 p.m. EST reported that the President will make a big speech next Wednesday and also speak generally about the housing crisis early next week. They are also reporting that Goldman Sachs could free up capital which could boost the government policy decision and really help the markets. Daily Beast is reporting from Bloomberg that the stimulus (that is being signed at this moment), could help with funding in two waves: "First, "relief to cash-strapped consumers, businesses and states," followed by infrastructure spending designed to create jobs".

Monday, February 9, 2009

It's Expensive Being Rich

$500K? They've Got to Be Kidding, Right?

There is an interesting and funny NY Times article here about today's costs of raising a family in Manhattan (which is where I shopped yesterday). Makes it sound like $5 million is a baseline figure for a salary and that this $500K limit just isn't going to happen.

In my view, as a mother, my common sense indicates that the article forgot to mention a few expenses and minimized others. University costs, summer camps and other expenses for multiple children barely got mentioned, and (country) club memberships at two residences didn't either, or unexpected country house maintenance and improvements, gift expenses and many different forms of transportation. What about setting some aside for the future?

What could Washington be thinking? Evidently it's cheaper to live in Georgetown than Manhattan.

Maureen Dowd, the Washington columnist, could have a field day with this one.

Robert Frank's new classic "Richistan" here at B-N details some of those expenses in greater depth. His current blog is here. Quite presciently he predicted in December '07, that in '08 the rich might come down to earth. And did they ever!

"...I expect prices in the art, wine, collectibles and high-end real-estate market to slow. I don’t expect a crash or a burst bubble, since there’s continued strong demand by the rich in China, Russia and the Middle East. But I don’t expect any $150 million paintings or $750,000 bottles of wine. And I think high-end real estate will plateau, if not decline.

In short: The rich will do better than the average consumer next year, since they are still getting the lion’s share of the economic gains. Yet their lives, and the prices they pay, may come back down to earth."

Saturday, January 10, 2009

Clark Howard's CNN show is great!

Just a dusting of snow here near Princeton, New Jersey, today. Still haven't had any snow to shovel this winter, the grass is green and the birds are happy. Paradise.

CNN has introduced a few new shows lately. Clark Howard and his new personal finance show are really wonderful. The hour at 12 noon EST Saturdays (on CNN) listening to him answer finance questions is quite fast-paced.

I really like his show! Please comment if you have liked his show, too. He has interesting topics and showed easy ways to save money and had numerous practical financial tips, with great experience and compassion. Really a pro! He has really sound answers to questions phoned in, and it also appears to be a concurrent radio show.


Clark Howard claims to have retired at 30 (or 32)and has enjoyed giving people financial advice since then. He really seems to know a lot, so I would really recommend listening to him. It's very entertaining.

He's likely influential having such a wide audience on CNN. He recommended in an interview a couple of hours earlier that in these times of crisis, we should pay off credit card debt every month, something he claims only 10% of Americans actually do and that we are hearing a lot of these days. More importantly, he says that if we need to eat and can't pay our credit card off, we should let it lapse and let health insurance lapse as well and share housing, because we must eat. He would appear to be closer to a pulse of need in America than much of his "competition".

Jim Cramer on CNBC, whom I have watch many days a week, has stock tips and macro news and views and is rather highbrowed in comparison. Jim is a genius, old-money and Harvard, notwithstanding his occasional assertions of sleeping in a car in his early twenties. Clark Howard is better than alternatives Carmen Wong Ulrich (yuck) and Suze Orman (over-exposed and aggressive and snarky). I hope Clark gets more press. He is good. He also seems like a nice guy. What do you think?

Here is a link to his website.

Here's his bio.

Sunday, December 21, 2008

A winning week for mutual funds - Dec 21, 2008

The last week for mutual funds has been better than we have had for awhile here in the U.S. The last few months have been dreadful, in a huge, historically significant way.

Here are some up funds for the week. Who would have thought that results would fall so far, so fast?

Maybe gold is regaining some lustre. Gold funds had a great week, FSAGX (Fidelity Select Gold) +6.7% (1 wk) -27.3% (YTD) +19.7 (3yr total)) but YTD is not good, and VGPMX (Vanguard Precious Metals) 5.5% for a week is good, but YTD (-58.6) and 3 yr (-22.7) are poor. Longer term, this fund has made money for many.

Vanguard's REIT Admiral Fund VGSLX is up 8.2% for the week although it is down -38.2% YTD and -30.1% the last three years.

The other funds up over three years I found in Barron's are Treasury funds, stable but boring. They would cause me to search for a higher return in a rising market. Now they look like steady growers.

From Fidelity (in %):
FGMNX:GNMA////////// 0.5 (1 wk)///6.9 (YTD)///19.3 (3yr)
FGOVX:GovtInc/////// 1.7 (1 wk)///11.3 (YTD)///24.7 (3 yr)
FSTGX:Int Gov/////// 1.1 (1 wk)///10.2 (YTD)///23.4 (3 yr)

From Vanguard:
VFIIX:GNMAAdml////// 0.6 (1 wk)///7.2 (YTD)///20.4 (3 yr)
VFITX:ITTsry//////// 2.3 (1 wk)///14.0(YTD)///29.9 (3 yr)
VUSTX:LTTsry//////// 5.8 (1 wk)///24.5(YTD)///40.1 (3 yr)
VFISX:STFed Adml//// 0.5 (1 wk)///6.8 (YTD)///20.1 (3 yr)

This year has been especially harsh on everything from real estate to stocks and commodities. No news there, but the ideal money management stance is still somewhere between day trading and storing the money. The money has to have time and a place to grow. It takes money to make money. Returns may vary but there is always somewhere to make money. It is important to note that stock funds have had higher returns overall for the last 100+ years, especially if bought low and sold high.

Current winning stocks

Looking at free stock screeners today, they give different year-to-date and one-year charts, almost the same span of time now. I usually look at several, and today the MSN list has more of the winning stocks, but I can only really decide that I like the look of the charts for:

EBS, Emergent BioSolutions, the vaccine maker, and

AIPC, the American Italian Pasta Company.

Of course, there are many more companies farther down the list that have charts not included here quickly heading up, and some at the top of the MSN list that peaked earlier in the year and are down significantly from previous highs that I cannot recommend. I may list them at another time. Again, buyer beware. There are many components in a buy decision, but for me the chart tends to be the final deciding factor. I just can't buy anything based on good fundamentals, hoping the price will go up, if the stock price isn't going up. There could be too many things I don't know that will soon be reflected in a stock price that is heading down.

Tuesday, December 16, 2008

Could this be it for interest rates for a long time?

An exciting session ended on the upside today in the American stock markets after the Federal Reserve announced that it is lowering interest rates to the range of 0% to 0.25%. What's next, negative interest rates?

Dow -------- 8,924.14-----+359.61 ----- 4.20%
S&P 500 ------ 913.18 ------ +44.61 ---- 5.14%
Nasdaq -----1,589.89 ----- +81.55----- 5.41%

All of these real estate ETFs rose impressively today:

RWR +13.34% DJ Wilshire REIT ETF. RWR (NYSE ARCA) $40.19 Change:+4.73
ICF +10.66% iShares Cohen & Steers Realty Maj. (ETF) (NYSE) 43.92 +4.23
VNQ +10.21% Vanguard REIT ETF (NYSE) 36.28 +3.36
IYR +12.18% iShares Dow Jones US Real Estate (ETF) (NYSE) 37.58 +4.08

Some Direxion funds are up incredibly since Dec 12, 2008:
1. DXHLX +1600%
2. DXQLX +700%
3. DXDLX +500%
4. DXZLX +500%
5. DXSLX +450%

The first, at least, is rumored to be a "reverse split". These Direxion funds aren't "buy and hold" funds. There is a "buyer beware" article from Morningstar warning against these funds here:
http://news.morningstar.com/articlenet/article.aspx?id=264847

But with all these spectacular gains today, investors begin to make up for previous cliff-drops.



In a comment dated Thursday, December 25, 2008 1:53:00 PM EST, here is what a commenter adds about Direxion Funds, with my gratitude:

Anonymous said...

Please be aware that eight (8) Direxion Funds will be undergoing a reverse split the weekend of December 12, 2008. The ratios are shown below.

December 12, 2008, will be the last date of the pre-“reverse split” price and December 15, 2008, will be the first day reporting the post-“reverse split” price. Share balances will be adjusted downward at the same ratio the NAV
is increased.

Here is the table of ratios:
FUND TICKER CUSIP SHARE RATIO*
Small Cap Bull 2.5x Fund DXRLX 254939838 1:2
Developed Markets Bull 2x Fund DXDLX 254939614 1:5
Emerging Markets Bull 2x Fund DXELX 254939630 1:5
S&P 500 Bull 2.5x Fund DXSLX 254939705 1:5
NASDAQ-100 Bull 2.5x Fund DXQLX 254939200 1:7
Latin America Bull 2x Fund DXZLX 254939507 1:5
China Bull 2x Fund DXHLX 254939515 1:12
Commodity Bull 2x Fund DXCLX 254939655 1:3

*The ratio of 1:x means that you will get 1 (one) post-“reverse split” share for x pre-“reverse split” shares. The NAV will go up by the same ratio.

EXAMPLE:
At the close of business on December 12, 2008, you own 15,000.000 shares of the Direxion Latin America Bull 2x Fund at an NAV of $4.30 per share. Your
account’s total Net Asset Value is $64,500.00.

At the open of business on December 15, 2008, you will own 3,000.000
shares of the same fund at an NAV of $21.50 per share. Your account’s total Net Asset Value will be $64,500.00.

If you have any questions, please contact us at 800-851-0511 between the hours of 9 AM and 6 PM Eastern Time, Monday through Friday.

Friday, December 12, 2008

Auto Nation anecdote

Sorry, I didn't get an "American" car.

Here is my story of our latest car purchase. Actually, we leased it because lease rates are low and I like to turn them in and not have to resell.

It is not as though we have not ever bought cars. We always used to do so and have bought many, but it seemed to me that after a few misadventures with car ownership, why not just try leasing for a change, as an experiment. We have since happily been doing so for the last 12 years and have had better service and even better cars (that did not come with problems, like broken windows) than when we bought them. Sure, we don't own them, but that is about the only problem we have had with the experience. We just use them and turn them in. We hear it is now very mainstream.

Since my lease finished a year ago, buying my Mercedes ML 350 instead of turning it in was one possibility. Then, I renewed it for a fifth year. Recently, the price to buy it would have been $15,000 and that is about the norm for a five year old Mercedes ML350. It had been new with everything I wanted in it and less than ten miles on the odometer when I got it. I had delayed turning it in with nearly 60,000 miles on it because of not being sure about the future and what I might want, and because Paul had leased an Acura MDX in the meantime, and Amy a Jeep Liberty. None of us drives that much, we fly, and we just want cars that don't give us any trouble.

I test-drove an Acura RDX, because I like Acuras and the dealer and dealership, already having had a Legend, but decided that the suspension was not as strong as I wanted. Noticed paving in streets I hadn't noticed while driving the Mercedes.

I also tried the Lexus 350 as well as the Mercedes ML350, and Jeep Laredo (thinking it would be a cheaper alternative). There was a friendly saleswoman at the Jeep dealership to their credit. The Jeep itself was nice, but it came out costing as much as the Lexus to rent, which was only $40 less per month than the Mercedes, all with the same up front cost of $2500.

Having had Mercedes Benz SUVs for nine years, and really loving them, also liking the dealer and dealership, I was worried about trying something different, maybe straying to something I might not be happy with in the long run. I considered buying it, too, but the cost came out to almost the same amount as leasing over the next 42 months.

Since "life is short" and "variety is the spice of life" I decided to test-drive the Lexus. To my surprise, at the Lexus dealership, there was a female saleswoman when I asked for one. Carol said she had been at Lexus for a year. It made me feel more comfortable taking a test drive with a woman. I relaxed more, and finally chose the Lexus 350.

As the papers were signed, I met many wonderful Lexus employees, including Mike, employed to show new car owners (and leasers) how to use the rather complicated electronics in the car. My Mercedes didn't have a navigation system, automatic trunk-opener, automatic headlights and automatic windshield wipers. My portable TomTom GPS was doing a superlative job helping me navigate the Mercedes, but kept dropping off the windshield.

Now, a few weeks later, I like the Lexus a lot. I especially like the automatic features. Only the trunk-opener and navigation system would have been part of the Mercedes competitor. As for the automatic headlights and windshield wipers that speed up and slow down, I do really like them and wonder if they are the wave of the future, the way automatic transmissions squashed manual transmissions in years past. The special feature called "ECT snow" very effectively clamps the car to the road and feels safe rounding corners in wet conditions. The Lexus 350 is not as heavy an SUV as the Mercedes and a little wider, and I am still wondering how it will work six months or a year down the road.

I did feel mildly disloyal not getting the American car, the Jeep Laredo, not a top-of-the-line Jeep. I cannot sugarcoat it. At least I looked at it. Many American cars are doing huge business abroad.

Acura cars are assembled in Canada, Mercedes are assembled here in America. Car salespersons have told me to consider the country of a car's origin as of paramount importance, specifically if it's the United States, to support our country. In the end it came down to style, price, features and availability. The fact that Lexus came from Japan fully loaded was actually minimally important on my list of priorities.

Not sure where American car manufacturers, parts makers and dealers are going, now that the auto bailout failed last night in Washington, but not many people my age or younger are interested in buying American cars. Buicks, Pontiacs, Cadillacs and so on and so forth need to find more buyers here, and fast, despite falling behind international competitors.

Wednesday, December 10, 2008

While waiting for President-Elect Obama to save America

It's an unusually balmy December day here in New Jersey, and Meredith Whitney of Oppenheimer, on CNBC, said this morning that 80% of the securitizations (money) that used to fund mortgages is not currently being used. Is this really true? Is it any wonder the housing market is not working? She also thinks house prices have 20%+ further to fall.

Also, she says that credit card advances have become a mainstream form of backup income to millions of Americans. Since credit card companies are now reining in such advance loans, it follows that incomes have become even more important to consumers across the country. When unemployment rises to projected future levels, where will money come from for millions of Americans?

CNBC also interviewed Abu Dhabi's "Taqa" Manager, Peter Barker-Homek. They are investing in (bailing out) some American infrastructure businesses in New Jersey that would take in-country funding, despite earlier American governmental intervention in the takeover of American ports by a Middle East company. Here's an article excerpt:

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment, Market

Taqa to raise investment portfolio

Posted on 29 October 2008

From Business24-7.ae: The Abu Dhabi National Energy Company (Taqa), a semi-sovereign wealth fund controlled by the government, is pushing ahead with ambitious plans to lift its investment portfolio by nearly $39 billion (Dh143.24bn) within four years, its chief executive has said.

Peter Barker-Homek said the company is in control of a massive portfolio worth nearly $21bn and the next investment strategy would focus on the Middle East, India, Pakistan, North Africa, Europe and North America

http://www.opalesque.com/SWF_Briefing/?p=1297

The new American government can't obtain funding fast enough from the sound of it.

Monday, December 8, 2008

An oversold market in my view

Tim Knight, in this evening's Slope of Hope blog entry, thinks the market is still going to go down and he is usually right about that. Here is his latest projection:

* Long-Term (earlyish 2009 forward) - mega-bearish
* Medium-Term (next couple of months) - bullish
* Short-Term (minutes/hours/day or two) - bearish

Looks like it is wise to be wary short-term and keep vigilant. But surely, buying up stocks that look amazingly cheap can't be that bad a strategy. I call most stocks oversold at this point. I don't agree with him and hope he will have to change his long-term tune. Then again, I could be wrong. Stock prices could stay flat for some time, I suppose, but I hope not. One of us is going to be correct, and it will be me.

Some stocks to watch for the upside, finally!

Mon Dec 8 2008
Dow 8,934.18 +298.76 (3.46%)
S&P 500 909.70 +33.63 (3.84%)
Nasdaq 1,571.74 +62.43 (4.14%)
10y bond 2.74% +0.01 (0.37%)

A good up day for the stock market today. President-Elect Obama's promise of the largest infrastructure initiative since American highways were first created boosted morale with investors.

EBS is a stock to have invested in at the beginning of the year as the anthrax vaccine maker has gone up fourfold this year. I have been watching it lately with wonder. What a rare stock! It would not have attracted much attention last year, but this year it is showing its superstar status. Shows the sorry state of the economy if a vaccine maker is a big winner, wouldn't you say?

An article worth reading in Forbes likes EBS for the long term, and lists (with reasons) four other possible winners for the long run:
(2) PETS - PetMed Express, the nation's largest pet pharmacy
(3) BER - W.R.Berkley, a Connecticut-based niche area insurer
(4) APOL - Apollo Group, online education
(5) LPHI - Life Partners Holdings, secondary life insurance

http://www.forbes.com/2008/12/05/apollo-petmed-emergent-pf-ii-in_jr_1205guruscreen_inl.html?partner=yahootix

Friday, December 5, 2008

It's All Good

I heard a blogger interviewed on radio today saying that there aren't enough bloggers in America today. (Actually, I missed most of the interview!).

I haven't met any others, that I know of. It's probably true.

The radio interviewer had just made fun of "bloggers", with a Palinesque derision. Yes, Sarah Palin, who called bloggers “kids in pajamas sitting in the basement of their parents’ homes”. It didn't surprise me the man sounded defensive. (I do wish NPR could be more nonpartisan).

Most bloggers stop after a few entries. The time invested and the surprisingly hard, solitary work it is for ephemeral return could factor into it.

It might surprise those unfamiliar with blogging to know that most bloggers' immediate family members don't often, if ever, read their blogs. It follows, then, that bloggers don't get much encouragement. They also get paid less than mathematicians, like most hard scientists, another group whose writings tend to be unread by their own families. The point is, it's a wonder of the world that there are any bloggers at all.

On the other hand, it is fun to get your own views out there, and sometimes, you know that extremely intelligent and educated readers in places far, far away have read your entries for a long time. Maybe they are quietly reposing alone with candlelight and a sleeping pet. Perhaps they just want to rest for a few minutes on a sunny, breezy mountaintop with a view and an internet connection. Somehow that makes it all worthwhile.