Friday, January 30, 2009

2 Best Condiments of All Time

What are the two best condiments of all time? Is it salt and pepper? Nope! The two condiments of choice when it comes to my tastebuds are clear, and unarguably ranch dressing and ketchup. Put ranch on salads, pizza, sandwiches, potatoes, etc. Ketchup great for fries, steaks, anything fried and suprisingly tamales. I usually have a great internal debate of ranch or ketchup when it comes to fried things but depending on the maker of the ranch, I will usually go with tried and true ketchup. I have yet to find a food item that takes both at the same time but wouldn't that be wonderul? Or would it?

Wednesday, January 28, 2009

Cool iPhone App to Find Restaurants - Urban Spoon

Has anyone seen this cool new app on the Apple iPhone? First of all, it automatcially knows where you are by using GPS and then can give you resaurants nearby. It was created by Urban Spoon. It has the ability to shake your iPhone and then come up with a random suggestion of a nearby restaurant. I have heard people say that they use it to find new places to try. But this little app is perfect for my wife and I. Between the two of us, we can never decide where we want to eat...not because we argue about going to one place versus the other but instead neither one of us cares enough to just pick a place. So if we actually owned an iPhone, then we could just let it decide for us. Sure wish I had AT&T as my provider.

Tuesday, January 27, 2009

WFC is not in as bad of shape as other banks

Wells Fargo, in my opinion, is the baby being thrown out with the bath water. It is being thrown into the grouping of Citigroup and Bank of America which have both been recently hit hard with toxic mortgage assets. But the glaring difference is that those two banks bought brokers that were selling the very highly leveraged credit default swaps. And Wells is just buying Wachovia's bad mortgages. The leverage of the swaps is what I think is killing C and BAC and I don't think the market is taking this into account.

Some people are thinking the purchase of Wachovia is going to bring Wells Fargo down but I think this was a great purchase. It gives WFC practically a nationwide footprint, hundreds of billion in deposits and a great run bank that just so happend to make a bad purchase of Golden West...the source of the majority of bad mortgages. After the tax break Wells is going to get from this purchase, they are basically getting Wachovia for free. I think hindsight will show that this purchase was a brilliant move. Right now WFC is trading at $16.19. My guess is that we are going to see the stock do very, very well over the next couple of years because of this merger and because the economic recovery. Now...I will give full disclosure, I just recently bought some WFC. But I used to work at the bank and I know how well run it is and I have no doubt that they will be one of the best banks in the country (if not the best) after all the smoke clears.

Monday, January 26, 2009

A Rapper at the Inauguration

Was it just me or did anyone else think they were going to have a rapper at the inauguration when they announced Yo Yo Ma was going to perform. I guess I have not stayed up to date with my "famous cellists" list. Oops!

Saturday, January 24, 2009

Waiting for Spring Time

As I sit here in my living room looking out the window on this cold, overcast day...I can't help but think of warmer, longer days and greener grass and leaves on my pecan trees. I have always been a spring and summer guy. My wife likes cold days and rainy days as well as sunny spring and summer days. But for me, I would just prefer it be late spring weather year round. I don't really need seasons. I can just travel to the places where the leaves change color and where it snows...but then return to my eternal spring weather back at home.

Friday, January 23, 2009

Welcome to Random Thoughts By David Whitworth

Well, I have finally decided to create a blog of my own after reading so many others. I hope you will enjoy reading my posts. Some stuff will be serious, some fun and most of them...random.

The name of my blog stems from the fact that I have always liked the word random, there is no general theme and my hope is that every once in awhile I just might actually generate some food for thought.

David