Slope of Hope Blog Posts

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The Trickle-Down Effect

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I am already looking forward to about a week after the Facebook IPO. The onslaught of press at the time of the IPO is going to be stomach-churning. If you're not sick of Zuckerberg's face already, by God, you will be by then. So once they are public, give it about a week, and we can all get back to our lives.

It will also stamp out all this horniness for tech stocks that's running rampant. This Valley has gone into bubble-mode again, and it's hard to take.

Zuck lives three blocks from my house, and the only benefit I'm personally going to get out of the thousands of newly-minted zillionaires is that the value of my house will go up. Indeed, I just took this photo of an advertisement in my local paper showing what Palo Alto home prices have been doing lately (the most recent year is in black; the year prior is in orange).

0203-housing

So asset appreciation of something I actually own is something I can "Like."

Heh.

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