Tuesday, September 05, 2006

Shareholder meetings are the American equivalent of May Day parades in Red Square

(My Deal Book comment today.)

Time Warner is the General Electric of the media world. For shareholders of both it’s Groundhog Day everyday.

Icahn’s efforts buying Time Warner shares bring to mind Michael Douglas’ character Gordon Gekko in “Wall Street” saying at a shareholder meeting where he’s attempting a hostile takeover, “I’m a liberator of capital!”.

A big difference between the “Teldar” meeting where Gekko spoke and the ones I attend to make my pitch for saving the shareholers’ bacon is nowadays directors are nowhere to be seen. When they do bother to showup, they sit with their backs to the shareholders and don’t answer questions. Usually the CEO and the corporate secretary are the only participants.

American shareholder meetings are like showing up on May Day in Red Square to watch from a great distance a few top leaders a Kremlim balcony watching the parade pass.

Comment by MARK KLEIN, M.D. — September 5, 2006 @ 10:19 am

Great comment. Any time you quote Gordon Gekko and reference “Teldar” you must be right on the mark.

Comment by Eric Cole — September 5, 2006 @ 3:59 pm

Monday, September 04, 2006

Leadership is the ability to perceive reality earlier than most. Amazing I'd need to point out the very obvious as I do in this NY Times Deal Book story.


Saturday, September 02, 2006


Leaving in a few days to attend the Iowa Christian Alliance Convention in the Des Moines area accompanied by almost 30 supporters from around the country and in Iowa. Plan to spend several days there organizing my campaign team.

People not money is the key to getting voters out on a bitter January night in 2008 to caucus.

The Iowa Christian Alliance takes me seriously as a presidential contenber. www.iowachristian.com/candidatewatch.htm



Senator George Allen, Virginia http://vote-smart.org/bio.php?can_id=CNIP9093
Senator Sam Brownback, Kansas http://vote-smart.org/bio.php?can_id=CNIP7813
John Cox http://www.cox2008.com/
Senator Bill Frist, Tennessee http://vote-smart.org/bio.php?can_id=CNIP7879
Newt Gingrich, Georgia
Former Mayor Rudolph W. Giuliani, New York Governor Mike Huckabee, Arkansas Senator John McCain, Arizona http://vote-smart.org/bio.php?can_id=S0061103
Dr. Mark Klein http://klein4change.in2006.us/page.php Letter to Iowa Conservatives
Governor George Pataki, New York
Governor Mitt Romney, Massachusetts http://www.thecommonwealthpac.com/index.htm
Senator Chuck Hagel http://vote-smart.org/bio.php?can_id=BC031069
Senator Rick Santorum, Pennsylvania http://vote-smart.org/bio.php?can_id=S0061103

Friday, September 01, 2006

The young don't get it.

NY Times--Sep. 1, 20068:00 am

How Does Warren Buffett Get Married? Frugally, It Turns Out

Last Saturday, Mr. Buffett and his daughter went to Borsheim’s Fine Jewelry in Omaha, which is owned by his conglomerate, Berkshire Hathaway, to pick out a ring.

Did Mr. Buffett get the employee discount? “I’m sure he did,” Susie Buffett said…

A local judge performed the 15-minute ceremony [at his daughter’s house in Omaha]. Afterward, Mr. and Mrs. Buffett, ever thrifty, took them to dinner at Bonefish Grill, a casual seafood restaurant.
Today was one of the few times Deal Book didn't publish one of my comments.

The story yesterday about Buffett's remarriage reported his first wife left the family about 20 years ago to live in San Francisco. They never divorced. She died several years ago.

My guess is Buffett never got over losing his family in late middle age with teenage and early adult children to care for. The person left behind usually takes it very hard. No matter how much fame and fortune one has life is never the same again.

Posted a blog suggesting his very plain vanilla remarriage event reflected how deeply hurt he remains. Suspect the editors were too young to grasp my point.

Thursday, August 31, 2006

Happy birthday & mazel tov, Warren Buffett

Yesterday on his birthday Warren Buffett married his longtime companion.

NY Times Deal Book posting re the business section story today.

Mr. Buffett’s life to date stands for what I hope will be the standard for seniors. We desperately need older men and women well seasoned by experience to remain in public life to help guide our troubled society through very rocky shoals.

Read yesterday NBC is coming out with a fall comedy sitcom called “20 Good Years” in which two well educated older men decide to squander the last quarter of their lives playing the fool. Their excuse is their disappointments entitle them to forget a parent is a parent until their last breath.

Imitation is the sincerest form of flattery. Followed his investing strategy for 30+ years with marvelous success.

Comment by MARK KLEIN, M.D. — August 31, 2006 @ 12:31 pm

Wednesday, August 30, 2006

From the Epoch Times, an international English-Chinese newspaper

Below also appeared in the Chinese language edition

A Fresh Face in Politics
By Albert Roman
Epoch Times Los Angeles Staff
Aug 25, 2006

Dr. Mark Klein "testing the waters" for the 2008 GOP presidential nomination at the 2006 California Republican Party Convention held at the Hyatt Regency in Los Angeles on August 19.
Los Angeles - The 2006 California Republican Party Convention took place at the Hyatt Regency on Avenue of the Stars last Saturday.

A surprising potential contender for the 2008 presidential election hosted his own booth at the convention - a man who has no prior political experience.

Dr. Mark Klein, who has yet to officially announce his candidacy, used this convention to continue to "test the waters" for the 2008 GOP nomination via his Presidential Exploratory Committee. Father of four, grandfather of two, he is also a physician, a psychiatrist, and a successful investor.

Standing over 6'3'', Dr. Klein explained his platform, smiling as he spoke. "This is the first time I have run for public office. I am most concerned about the deterioration of the family unit in America and the ability of our children and grandchildren to live in a middle class."

Klein asserts that the high cost of living over the past three decades has lead to increased tension within families, which, as a result, has been made manifest as a high divorce rate.
Lack of affordable housing is one of the key factors, Klein believes, creating the former societal woe. "As president, I would restrict mortgage lending standards. Non-conforming mortgages ("non-conforming" refers to a variance in the traditional standards for granting loans) pumps too much money into the economy." If people purchase what they can't afford, Klein contends that it will lead to bankruptcies, foreclosures, and emotional stress on families.

Illegal immigration is another issue that Dr. Klein addresses in his would-be policy. While welcoming and encouraging legal immigration, he states that illegal immigration lowers the wage structure and consumes the supply of affordable rent. According to Klein, this leaves American citizens with an increased cost of living, unlivable wages, and increased family tension.

In order to combat the latter social woe, if elected, Klein would order the Secretary of Health and Human Services to "attack the common incentives for divorce – money, revenge, and custody of the children" – by requiring states to receive federal family program subsidies to enact the Child Support Financial Responsibility Act (Act requiring child support recipients to document how money received from the former spouse directly benefits the child), and the Equal Physical Custody Act.

Dr. Klein has received encouraging results from Straw Polls recently. Polk County, Iowa's GOP Chairman Ted Sporer's Presidential Online Straw Poll dated August 7 indicated Dr. Klein receiving an overwhelming 52% (232 out of 443 votes cast) of the votes out of a total of 15 Republicans from which to choose.

Klein is hoping to garner the support of the 25 million "heartbroken parents" who don't have custody of their children, their parents, children of divorce, young adults unable to live independently, get married, or have children due to financial reasons, conservatives, and liberals for a stable family.

"I am everyone's grandfather and father. I am very practical. I am not ideological. If it doesn't work, I don't want to do it. I want everyone's children to have it better."
Copyright 2000 - 2005 Epoch Times International

Tuesday, August 29, 2006

Containment: Worked with the Soviets. Should work with Iran. (Appears next week in the Wash Times).


Radical Islam cannot be bargained with, or appeased. We won the Cold War by waiting out the Soviets with the credible threat if attacked we would destroy their population centers and national infrastructure.

The certainty of national destruction is the only thing fanatical ideological enemies like the Iranians fear. Truman destroyed Hiroshima and Nagasaki to convince Emperor Hirohito to unconditionally surrender his nation and claim to Divinity.

While defending our civilization no matter the cost against Islamo-facism, we must look inward to purge ourselves of the spiritual, moral, economic and political decay which emboldened the Forces of Darkness to challenge the very existence of Judeo-Christian Civilization.

Our mindless pursuit of money and pleasure has almost destroyed stable, affordable middle class family life--the bedrock of true democracy. Vice has become virtue and virtue vice.

Israel is all stands between us and the Forces of Darkness. Unlike the United States and Europe, Israel still believes in its raison d?etre as the Jewish National Home. For America and Europe all we?ve come to stand for is making a buck and living large no matter what the cost to our society, and particularly to our children and grandchildren.

Blessed are people of Israel and its brave soldiers, sailors and airmen who sacrificed themselves unflinchingly in the fight against Hezbollah so that we will have the time to reflect upon our shortcomings and then act to redeem the inherent greatness of Judeo-Christian Civilization.

Believers build and maintain great civilizations.

Hence care not that cynics mock you.