Tag: CAT

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Subwaycat

When I lived in Odessa, Ukraine, I once encountered a most strange cat. Odessa used to have a huge open air book market, right in the middle of the city. Kind of like a much larger and organized version of the street booksellers in front of NYU. Me and my dad spent a lot of our time and money there. On one of our trips, my dad pointed out a cat sitting in a tree near the book market. On a number of our visits there that stretched over weeks and months, the cat was still there. Water and food dishes appeared there. Somebody told us that the cat apparently went a bit crazy and refused to leave the tree (even though it wasn’t a very high one). Kind hearted booksellers started to feed the cat. I am not sure exactly how long the cat stayed in the tree, or if he or she ever left it.

New York has strange cats of its own. Subway cats. The most famous one of those, Schatzie the cat that lives in the Fulton Street station, according to Randy Kennedy’s book “Subwayland : Adventures in the World Beneath New York.” The mice and rat population must make living near the deadly third rail and moving trains possible for cats. Sadly, eating those rodents must be pretty dangerous too, because they are frequently poisoned.

Well, I found a subway cat of my own under the platforms of the Kings Highway station.

Actually I spotted two, a tabby and a tuxedo, but was able to take a picture only of the tabby. She sat there calmly, not bothered by my flash. I hope she’ll stay safe there.

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My Investment Strategery or Watch Out, Warren Buffet

My investments remind me of this Seinfeld’s monologue :

“I’m not an investor. People always tell me, you should have your money working for you. I’ve decided I’ll do the work. I’m gonna let the money relax. You know what I mean? ‘Cause you send your money out there – working for you – a lot of times, it gets fired. You go back there, “What happened? I had my money. It was here, it was working for me.” “Yeah, I remember your money. Showing up late. Taking time off. We had to let him go.” “

The first stock that I ever bought was of a now defunct company called Molecular Biosystems that traded under the ticker symbol MB. Their only product was a special contrast agent for CAT scans or something like that. I bought the stock because of the name. It seemed cool. All scientific and such. And just two letters. I think the return on investment was something like -50%. I don’t remember.

Since then I’ve read a bunch of investment books, and was very impressed with Warren Buffet’s investment strategies. I decided I’d buy only a few stocks of companies that I liked, knew and understood.

The list came down to 4 companies. Palm [PALM] (actually 3COM when I bought it and later, after I’ve got PALM shares after the split I bought Handspring [HAND]), Gemstar[GMSTE] (I bought TV Guide shares, they were later converted to GMST shares), Krispy Kreme Donuts [KKD] and Berkshire Hathaway [BRKB].

Out of the four, I invested in 2. Palm and Gemstar. And here’s how I did:

Interestingly enough, at some point, when I was down about 15% (after being up 70%) I considered selling all the stocks and buying a La Marzocco instead. I didn’t.