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.

The China Deal (by Binkius Hippo)

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Preface from Tim: as with the prior post from Binkius, this was not originally submitted as a post. Instead, it was a personal email to me. But, as before, Binkius has kindly granted me permission to reprint it here as a post. I frankly find his insights more insightful than anything else I’ve read about the US/China trade dealings, and I’m grateful to him for his continued unique perspective.

The infamous Roman emperor Caligula rashly decided that he could invade Britain. When the Roman legions stood on the shores of the English channel the Roman generals realized that the mad emperor could not put together a coherent logistical/economic plan to get the troops across. Eventually, Caligula lost interest in his folly and told his troops to collect seashells to bring back to Rome for a triumphal procession of his great military prowess.

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Trillionaire

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This is a tale of how greed and lack of risk management can blow up in a big way. Brace yourselves.

Allow me to introduce you to one Matt Todorovski, a resident of Australia who wanted to become a trillionaire – – yes, a trillionaire – – by sitting in front of his computer trading the FOREX markets.

Now there is absolutely nothing wrong with being ambitious, setting goals, and trying to beat the markets. Millions of people around the world do it, and the vast majority of them fail. It’s a tough business. That’s why the handful of winners make so much money. Because almost everyone else loses.

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Hey, MO!

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Altria Group – – cynically renamed to conceal their actual identity as a manufacturer of cancer-causing tobacco products – – has been a short I’ve recommended (along with fellow creator-of-human-misery PM) for quite some time. Its head and shoulders pattern is absolutely massive, and, believe it or not, my target price is $32 – – basically a financial catastrophe. Couldn’t happen to a nicer bunch of guys, either.

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