Thanks John...rough ride out of the gates here...but I wouldn't want to be riding with anyone but you...you are my life raft in this treacherous world of investing, and thank you for being who you are and for all that you do.

Take care,

Greg
Agoura, California

48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes East, or 1,000 miles south of Greenland.

When I visited the computer center, I was stunned to learn that they were offering classes on Apple products and programs every hour, all day long.

They covered iMacs, iPads, iPods, iPhones, and all of the associated software and gizmos. I promptly signed up for five classes. Watch for my next webinar. It will be a real humdinger, with all the bells and whistles.

You would think that with 280 pounds of luggage I could remember to bring a pair of black socks. It was not to be. So I headed out to the ballroom with my black tux and navy-blue socks to tango, rumba, and foxtrot with the best of them.

The problem is that just as you twirl, the ship rolls, swiping the dance floor right out from under you. With several octogenarian couples within range, and my size, the consequences could have been fatal.

Still, those oldsters really knew their steps. I really hope those pictures come out, especially the one of me on the dance floor, flat on my back.

Looking at the vast expanse of the sea outside my cabin window, I am reminded of the opening scenes of the 1950's WWII documentary, Victory at Sea. An endless, dark, tempestuous ocean churns and boils relentlessly.

I am now even more awed by my early ancestors, who took three months to cross from Falmouth to Boston in 1630 in a 50-foot long wooden ship called the Pied Cow. They did this without navigation to speak of, rotten food, and a dreaded fear of sea monsters. What courage, or religious ferocity, must have driven them?

Your Intrepid Reporter

Breakfast on the High Seas

Check Out My New Digs

I decided to flee the madness in London for a day and visit some old friends in the countryside, the 8th Earl and Countess of Carnarvon.

The late 7th Earl was an early investor in my first hedge fund, and I have kept in touch with the family ever since.

His grandfather, the 5th Earl gained fame and fortune from his co-discovery of King Tut's tomb in Egypt's Valley of the Kings in 1922.

His early death, shortly thereafter, was the origin of "The Mummy's Curse" of depression-era horror film fame. Many of his discoveries today make up the bulk of the Egyptian collection in New York's Metropolitan Museum of Art, which the family sold to pay estate taxes.

Recently, the family has been renting out its 350-year-old home, a 15-minute taxi ride south of Newbury in England, the spectacular Highclere Castle, for use as a film set.

The period drama series that resulted, "Downtown Abbey," unexpectedly became a blockbuster in the U.S. where viewers, stupefied by endless low-budget reality shows, were starved for quality, thoughtful content and adult writing.

It also sent 100,000 visitors a year their way, as well as $25 million in ticket fees. This windfall enables them to maintain the house and the magnificent gardens in immaculate condition.

The cash flow also allows them to ramp up the other family business, breeding racehorses for the queen. Portraits of past winners adorn almost every room.

After tea with my hosts and a personal tour of the estate, I picked up some tea towels for friends at home who worship this kind of thing. I also saw a display of some spectacular early Egyptian relics, which the family found bricked up behind a wall 60 years after the Met sale.

Given the huge reception by the viewing public, we can count on this drama to extend to at least five seasons, when it will then be syndicated for the rest of our lives. That works fine for the real life Carnarvons, who can now reinvest in even more thoroughbreds.

Who needs hedge funds?