There are bubbles everywhere, and just about the only one indirectly benefiting me is the one in Palo Alto residential real estate. I bought my house in 1991 for about 15% of its current value, and the market could utterly crash around here and I wouldn’t feel a thing. The people paying five, six, or seven million dollars for a house (not a mansion………a house) could be deeply regretting their decision down the road. (more…)
I’ve mentioned here and there what a nightmare – - I’m talking Kafka-esque, living hell, nightmare – - it has been to deal with the broken, malfunctioning, poorly-planned, and poorly-executed labyrinth known as Covered California and Healthnet. Insurance companies are good at TWO THINGS: (1) collecting premiums (2) saying no to making payments. It’s an amazing business, and it’s no surprise these stocks do nothing but go up. What a scam. (more…)
OK, popular culture saturation has been reached! This is coming from HBO. Good God…..
Just about the only bright spot to my trading day as been a put position in 3D Systems Corporation, whose chart is shown below. The media has been awash in 3-D printing articles for the past year, and as much of an early adopter as I am (ahem: bought my first computer in February 1980, Macintosh in June 1984, iPhone on the day of its introduction, iPad on the day of its introduction, Tesla Model S early in its release, etc., etc.) I’m not as optimistic about 3-D printing as the rest of the world. I see another DDD article is in the hopper from another Slope contributor, and I’ll publish that more thorough and thoughtful analysis tonight. (more…)
Just to extend my griping about Lame Web Developers – - I just got this beautifully-formatted email from American Express. I can understand their inability to put a little polish and finish in their products. After all, they have very little cash to work with and pay quality developers, so give ‘em a break, OK? (more…)
Warren Edward Buffett seems to have a virtual shrine, even here on Slope, where anyone questioning his wonderfulness is questioned. I’m the first to admit the man is clearly an investing genius, a generous philanthropist, and seems like a pretty awesome guy………BUT……… (more…)
I’m listening to the hold music for Healthnet, so I’ve got a few minutes to toss up an anecdotal post. (Side note: during my projected 80 minute……….yes, 80 minute……..hold time, the little voice keeps popping in to remind me how valuable it knows my time is, so I’m actually pretty psyched). Anyway, I was filling out their lame-ass web form, and I was presented with this: (more…)