Just one quick post before I turn out the lights………I just read this article from TechCrunch about some brilliant lunatic that goes by the name of weev. He’s a hacker extraordinaire and has a quality I admire greatly: he will tell anyone, irrespective of their position of authority, precisely what he thinks of them (including the guards in the prison from which he was just released). He is now setting up a hedge fund called TRO, LLC (yep, he’s a very proud Internet troll as well). He states: (more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Losses Descending a Staircase
I happened to come across an article this afternoon describing the desperate attempts for firms seeking to go public to get it done while “market conditions” allow. If memory serves correctly, five firms cancelled their IPOs last Friday since the market had the audacity to be down slightly. (more…)
Poor Tim
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…)
The EKG Market
When the powers that be are doing everything that can to keep the dance music going, the moves are going to get more and more violent. What we’ve seen just in the past couple of days is a sneak preview of the absurdity ahead: waterfall drops (AKA reality) and explosive up-moves (AKA desperate bidding from the big boys). My motto? Three words. Sell into strength.
