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.

LTCM Vignette

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It is dead quiet this morning (I am typing this before the open, and the ES is up 0.01%), so I thought I’d fill the space with a little something that occurred to me when I woke up.

Anyone here remember Long Term Capital Management? Yes, I see some hands in the back of the room. For those of you who aren’t, LTCM was a hedge fund in the mid 1990s which blew up. That in itself isn’t very interesting, but what makes the blowup distinct is that it was rescued by the federal government. Looking at the four years prior, one wouldn’t have seen this coming: