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.
That Thing You Do
If you want to see what the past twelve years have done for the younger investors out there, who have been tutored, some of them, into pure degenerate gambling, I offer you this image below (click to see in all its glory):
So what you have here is a chap who put his ENTIRE life savings into a single call option that was going to expire the next day (specifically, that favorite meme stock of the /wsb crowd, AMC). The fact that it didn’t go above $65 was all it took to nuke this guy’s entire account. Incredible. Just incredible. Although you can imagine what he was thinking: “If just goes up a few dollars, I’ll have huge profits!”.(more…)