Ballers
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.
It’s Not Working, CCP!
While our own markets made ungodly lifetime highs day after day, the also-propped-up-by-the-government Chinese stock market isn’t having quite the same success.
Corporations Ducking Interest
Old School Funds
Anyone here remember Peter Lynch? He was probably the most famous investor in the world back in the 1980s. He ran the Fidelity Magellan Fund, which was lauded as a superstar of investment prowess. I was curious how the fund (whose symbol, FMAGX, I memorized decades ago) stacked up the boring old basic SPY. Here’s what SlopeCharts yielded for me:
In short, over the span of history we’ve got, SPY produced about TWICE the returns of Fidelity Magellan, even though they moved pretty much in lockstep. It seems pretty clear that the days of mutual funds are over, as they are relics of a bygone era and have been wholly replaced by ETFs. The funny thing is that FMAGX still has $26 billion under management, and no one could really explain why.
The Real Fauci Ouchie
Good Lord, look at Pfizer (PFE). You’d think a company that got to feed off the government teat with unlimited Covid funds would be set for life, but nope, they’ve lost FIFTY PERCENT of their value from their government-welfare-peak. They are the same price now that they were in August 2016, over seven YEAR ago! Gosh, you’d think exploiting a disease would have helped more, but nope.
