A Foolish Interview with rbwise
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|The Fool:||Is there someone to whom you'd like to say 'Thank You,' but never had the chance?|
|rbwise:||Yeah, Charley Duke, my 9th grade algebra teacher. He's gone now.|
|The Fool:||Briefly explain how you select stocks.|
|rbwise:||I like a good story, I've done my best that way. Sources may be Kiplingers, science articles, most anywhere. Then I go to Value Line and compare candidates. I don't like debt. There is a history there with a former employer.|
|The Fool:||What's your favorite activity (within the realm of good taste)?|
I enjoy my work. As Scotty MacNeish told me once, archaeology is the most fun you can have with your pants on.
I also enjoy loafing. Inet surfing, giving my kids a hard time, and backpacking are up there, too. I get a lot of satisfaction doing odds and ends of community service. Past and present examples, coach soccer, give blood, judge science fairs, give classroom demonstrations, helping folks with their software problems. Happiness comes from a generous spirit.
But my absolute favorite is to trade a foot scratch for my wife with a head scratch for me. Almost as good as making love, plus we can do it in front of the kids.
|The Fool:||Given a second chance, what financial decision would you like to do over?|
How about two?
#1: I thought that after the introduction of Windows, Microsoft had already made its best shot. I did not get in on the ground floor.
#2: When I gave my Genentech to my kids' college funds, I asked whether they would prefer ToysRUs or Disney. I had always wanted to own Toys, but they wanted Disney. I got Toys, and watched it stagnate forever. Disney rocketed, of course. The buggers still throw that one in my face.
|The Fool:||Tell us about your greatest personal success, not necessarily finance related.|
|rbwise:||I married the loveliest woman I have ever known.|
|The Fool:||What's been your best investment to date and how did you discover it?|
Genentech and Biogen.
I picked up GNE's story in Science News and contacted my broker. He had never heard of it. Four months later, he called back to see whether I was interested in the IPO. Yes, I was, but my part of their allocation went to the branch manager's golfing buddy. Exit Dean Witter from my life. Got some after the price sank, watched it rise 10x. Oh my.
I want to keep some, or a lot, of money in biotech. I liked BGEN's story a few years back. It was a frustrating wait the first couple of years, but it went from 16 to whatever it is now, 6 or 7x.
Don't ask about IBM, Applied Magnetics, Barton Valve ....
|The Fool:||List some of your favorite websites, with running commentary where appropriate. (Please provide the URLs, too.)|
Don Hays of Wheat First, my favorite analyst: -- http://www.wheatfirst.com/marketwatch/dhdaily.asp
WWOZ, Jazz & Heritage Station in New Orleans:
The Talk Origins Home Page, Cretinism vs Evilution:
Pinkheart Flower Art -- want to send virtual flowers? This is the place.
|Go to rbwise's Profile|