Category Archives: Best-of-Slope

Personal Bear Market

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This post has gone through three lives in the past twenty-four hours.

The first life was in the swimming pool. I was taking my first swim of the year, since the water temperature was finally in the 80s. I am a “temp wimp”, so I really want the pool to be warm before I get in. Of course, once my ancient yellow lab Kobe saw me in there, he jumped right in too and swam right beside me. Although he is the human equivalent of over 100 years old, he is a far more capable swimmer. (more…)

Poor Tim

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My interest in how wealth is distributed has grown over the years from non-existent to almost obsessive (check out the SocialTrade stack dedicated to Wealth Distribution). It’s particularly on my mind these days for two related reasons: (1) the staggering surge of wealth, particularly since the financial crisis; (2) the proximity of that wealth to me personally, since I am surrounded by Silicon Valley zillionaires.

I used to be very naive about money. In my teens, I thought it was a fairly accurate representation of one’s abilities and intellect……….a scoreboard of the meritocracy. Suffice it to say I don’t think like this anymore. In some societies, it is little more than a measuring stick of dumb luck or criminal abilities, whereas in others it is, at best, a very crude approximation of the value one has created in their lifetime. (more…)

Nine Lives

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Today the Slope of Hope turns nine years old. Nine. Years.

As some of you may recall, I wrote my first post on March 29 2005 from the Ritz in Cancun, Mexico. I had sold Prophet just two months earlier, and I had taken my wife and children on vacation. I remember Joe Montana took the elevator with us and counseled us to enjoy our kids since “they grow up fast.” As much of a cliche as that is, it certainly is true. (more…)

The Market Owes You Nothing

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Note from Tim: My long-time colleague “molecool” did a post on his Evil Speculator blog that I thought was outstanding. Although I am somewhat called on the carpet (and rightly so), his post is written with class and plenty of wisdom. I appreciate mole posting it here………

Yesterday Tim Knight wrote a candid post marking the fifth anniversary of the ongoing bull market. Actually to be more precise he not so surprisingly called it ‘this insane, interminable, agonizing bull market‘. Now given my reputation for dishing out generous servings of tough love you may expect me to post a scathing retort criticizing him for clinging to his bearish stance all through what I believe will be remembered as the most significant bull market in our lifetime. Well, yes and no. (more…)