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David White
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David White is a software/firmware/marketing professional and a long time investor. He has worked in the networking field, the semiconductor equipment field, the mainframe computer field, and the pharmaceutical/scientific instrumentation field. He has bachelor's degrees in bioresource sciences... More
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  • How To Change A Law.

    Some rumors have been circulating about me setting a legal precedent in Small Claims Court (many years ago as a student). To clarify such rumors I have decided to explain it. My car was sideswiped by a tow truck while my car was parked. The owner of the tow truck was willing to have his insurance pay. His employee was after all guilty of the sideswipe action. As a student I had an old car, but I had maintained it well, so it was worth more than the "totalled" value, which is what the insurance company naturally wanted to pay.

    I cited a case in which a stolen car was sold to someone. That someone then insured the car against accidents and theft. That car was then stolen or totalled (I can't remember after all these years). Since it was a stolen car, the person who had insured it actually had no legal interest in the car. Therefore the insurance company argued that it should not have to pay off on the insurance policy. The court ruled that since the recent buyer bought the insurance policy in good faith, the insurance company had to pay off the "totalled" value of the car, even though the person actually had no legal ownership interest in the car.

    I argued that the court had in fact ruled that the insurance company had to pay off on the "believed interest" the policy owner thought he/she had in the car. Therefore the insurance company in my case should also have to pay off on the "reasonably believed" value I thought I had in my car. I presented evidence that that belief was significantly above the insurance company stated "totalled value". The court ruled in my favor. The current rumors are apparently saying that that ruling was a new legal precedent. I am guessing that prior to that the "totalled" value had to be accepted.

    Aug 16 5:44 PM | Link | 2 Comments
  • Some Are Challenging My Veracity Re A Grade Challenge In College.

    Some gossip seems to be using an old grade challenge in College (U.C. Berkeley) to try to say I am not truthful about my stock calls, etc. Hence I think I need to clarify this.

    I challenged about 20% of a full professor's answers on one final exam. To support my claim I got a letter from an expert in the field of each question. One letter came from one of the editors of a book titled "The Kidney". He was widely regarded as an expert on the kidney; and I talked to the biggest expert at Stanford too, who agreed with him. Another letter came from a UCSF professor who was doing research on the exact topic of the question. I located him through a highly esteemed full professor in Biochemistry at U.C. Berkeley. In other words some professors at U.C. Berkeley agreed that I deserved to win my challenge. That UCSF professor later became head of the UCSF Biotech Center. It would seem he was really an expert. A third professor did not fully agree with me on another question. However, she did think I had sufficient reason to challenge my grade. She did seem to believe that my grade did not reflect the actual level of my knowledge. I later heard a rumor that she started a research project to investigate my contention. I heard she end up proving me correct. I heard some comments about my advancing medical science to get my grade changed. Much of the rumors about the third case above was just rumor, as I have stated. However, there is probably at least a 75%-80% chance that what I heard happened exactly as I have stated.

    I further point out that I did not get my grade changed based on these disagreements. I only got the three professors involved (one especially) to agree that my test was not a fair test of my knowledge or performance. My argument was: the professor could not possibly have taught me how to answer the questions correctly, if he could not answer them correctly himself. I thought then and I think now that this was a fair argument.

    I won the right to take another test. I had to wait until the class was taught again to make it a fair situation. I got my grade changed to reflect my performance on that test and on the previous two test in the original class. I ended up with an A-. It was only that low because I didn't realize exactly what the professor was asking for on a large question on the second test. I had actually known all of the things the professor wanted me to write down. However, I did not understand that he was asking for all of that data. I gave what many would consider a stock answer to that question. That's the way it goes sometimes.

    At least two of the professors were very amicable throughout this process. They even seemed a bit grateful to me for updating some of their course material, although they were not grateful for all the extra trouble. I would say we were generally on good terms after this was all over.

    David White

    Tags: SPY
    Dec 18 12:59 AM | Link | 32 Comments
  • Off To A Bad Start In Europe Today -- Tuesday Feb. 15, 2011

    The GDP (QoQ) data of most EU countries missed today. The table below has the data.



    GDP (QoQ)

    Expected GDP (QoQ)

    Previous GDP (QoQ)





















    The Netherlands








    Greece (YoY)










    As you can see Austria was the only country that did not miss. Portuguese GDP missed yesterday at +1.20% vs. an expected +1.30% and a previous +1.30%.

    In addition to the GDP data the German ZEW Economic Sentiment missed badly at 15.70 vs. an expected 20.20 and a previous 15.40. The EU ZEW Economic Sentiment missed at 29.50 vs. an expected 31.30 and a previous 25.40. The EU trade balance missed slightly too.

    While Greece data was depressing, no other country seemed dramatically troubled. Still this has to be a negative way to start off the day today, Tuesday Feb. 15, 2011.

    The volume on the SPY was low yesterday. This was a negative indicator. Plus CNBC presented data showing the market sentiment was almost as bullish now as at the top in 2007. It was much more bullish now than at the DOT COM top. CNBC expressed the opinion that we may be in for a pullback soon. Who knows what will actually happen, but the above data would tend to make the pullback scenario more likely.

    Good Luck Trading.

    Tags: SPY
    Feb 15 8:31 AM | Link | Comment!
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  • I meant to say DURATION not Distribution. A good reference on this is
    Nov 17, 2015
  • I am doing well compared to others who wrote a lot about energy and basic materials. Can't really compare that to a strictly finance writer.
    Nov 17, 2015
  • My rating plummeted with oil. I did obviously shift to writing about finance, REITs, and some healthcare.Rating system doesn't work for this
    Nov 17, 2015
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