Whenever I have the time, there’s nothing I love more than wondering through a good bookstore, seeing what’s new in the market. I guess spending a lifetime writing has had that effect on me. About a week ago, I was waiting for a family member to arrive at the airport, so I went into a big Barnes & Noble. It was there I saw a book I hadn’t heard about, The Man Who Solved the Market, which was about famed money manager Jim Simons.(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.
Who’s kidding whom? This is a bearish site. I’m an unapologetic permabear, cruelly born into a multitude of the biggest bull markets in human history. Yet in spite of this, Slope has had a record year and has never had more premium subscribers.
But I feel Slope has only reached a sliver of its potential. I’m going to start running print ads regularly, and I’ve put together my first one. It’s small, it’s simple, and it’s to the point.(more…)
Pretty dull day so far, isn’t it? It is for me, at least. There’s not a heck of a lot left this year, with the exception of a few key days very soon. The sweet spot is basically the five days between this Wednesday and Sunday. The 11th of December is jam-packed, particularly with FOMC nonsense, and we’ve got more important economic data on Thursday and Friday. For me, the “big event” is Sunday, which I’ve manually inserted into this calendar, since that is the “will he or won’t he?” day with respect to Chinese tariffs.(more…)
Long: Slack Technologies (WORK)(more…)
I would like to highlight one of my short positions, International Flavors and Fragrances (IFF) due to its price gap down this morning.(more…)
Here’s an interesting table of the largest 40 companies in the S&P 500 and how they’ve done this year. I personally find it oh-my-God jaw-dropping that Apple – – which, let’s face it, a lot of people had heard about a year ago – – is up over 70% this year (and the year isn’t even over). This isn’t some tiny startup. It’s the most expensive company in the world. And yet the goddamned thing has nearly doubled in price.