One of the most interesting buildings I have ever seen in Manhattan, the Synagogue for the Arts is squeezed in between two brownstones in Tribeca. photos James Perkins
I tried to make the paper more interesting. photo James Perkins
As I predicted in my 2010 TOP TEN PICKS, the market continues to move side-ways. The DOW started the year at 10,583.96 and as of today, closed at 10,229.96. The articles all say the same thing and have been saying the same thing for the last 7 months. Reading the financial news feels like taking medicine and is as predictable as an episode of LOST (pun intended): you are always hoping for a resolution to the chaos, but inevitably the episode always leads to further chaos. Investing? I’d rather invest in a piece from some of my favorites artists. Juergen Teller, Roni Horn, Elizabeth Peyton, and Yinka Shonibare.
For stocks, however, the simpler idea continues to remain the better. I still like Apple. The recent oil spill should be surprising to no one. And, in fact, is yet another reason to invest in oil if you find no conflict with your conscience. Water makes another good long-term investment. I think my Dior suits on FOX and CNBC along with Scott Campbell tattoos left people thinking that I was some kind of crazy investor. However, I am precisely the opposite. I just did not develop a healthy interest in Brooks Brothers until Thom Browne did some remodeling to the sack suit.
My other PERKINS’ PICKS also continue to unfold: the WSJ ran an article late last week: “Survey: Investors Wary of Firms, but View Individual Advisers Favorably”, Goldman’s profits are down 82% yoy, and intellectual expression and art continues to gain market share in the hearts and minds of American youth.
This week’s thoughts are dedicated to those of you who have been following my musings and efforts since Thrasher Funds and recently wrote to me to take a moment from my mistress, photography, to address the markets specifically. I hope that you are enjoying FLATT and please look for “The United States of Aesthetica”, a new show that we are in the process of producing. - JP
I wonder if the market is putting other investors to sleep like in this Thom Browne ad?
NB: The gentlemen have taps on their shoes, front and back. A must after you have invested in an expensive pair of shoes.
“I don’t know who moves markets more Oprah or Obama? He should just get a studio audience together and give away blenders… I definitely think that he will be the first president with a talk show. Think about it… Oprah could just sell him “O” magazine and I could keep telling my joke about who is gonna be on the cover every month.”
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