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.
Before the year 2001, the date September 11th meant nothing. It was nowhere near a holiday or any other important date that triggers an association (like April 15, June 6, or December 7). After 2001, however, September 11th is one of the most evocative days on the calendar.
On this 22nd anniversary of the attacks against the U.S., I decided to crack open my well-read copy of The Fourth Turning and share some morsels. Keep in mind this book was written in 1997, almost a quarter century ago, so obviously it had no inkling of what was coming. I emphasize this because some “predictive” books are held up as being prescient, but the logic and comparisons are so tortured as to make it pointless. In sharp contrast, The Fourth Turning seems terrifyingly accurate.
Two years ago, Instacart (which I’ve never used in my life) had a $39 valuation. Regrettably for the dummies that poured money into this as a privacy company, the IPO price has its value at more than 75% below those levels. Of course, if they know what’s good for them, the pre-IPO investors will get the hell out before this thing inevitably declines to $500 million market cap.
The IRS is cranking up its audits against the rich. It’s insane that the political atmosphere is such in D.C. that pouring money into the IRS is even an issue. It is the ONLY part of the government in which $1 in yields more than $1 out. I fully support aggressive audits for all persons above salary levels that just happen to match my own.
As we reflect on the absolute insane asylum that existed from March 2020 through November 2021, some ticker symbols are enshrined on the Mount Rushmore of lunacy. One of them is AMC, the stock representing the money-losing theatre chain that became, as did Gamestop, one of the great meme stocks of all time.