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.
The Oracle of Overrated
Yes, yes, he’s incredibly rich and did amazing things in the 1970s and 1980s. But, honestly, take a look at how Berkshire stacks up against the plain old boring simply SPY since the March 2009 bottom. It beat it, yes, by about 10%, but is 10% really worth that kind of adulation?
The OTHER Slope
Here are a few fun tidbits about the ski business, which of course is enjoying a very good year. I don’t ski as much as I used to, but it’s interesting to see how this sector has changed:
Super-Virus
When I sell a position, I make a space for it in my spreadsheet so I can track what it did afterward. As you can well imagine, the dozens and dozens of put positions I’ve closed over the past couple of months have been blasted to smithereens, which means, first, that I’m glad I got out, and second, this market is quite obviously going to roll over bearish positions with a Mack truck.
Out of 40 positions, there are merely two that are in the green. That is to say, only two were so incredibly defiant (which means WEAK in their stock price) that they’ve prospered. One of them is XLU, which is our old friend. The other, shown below, is Freeport McMoran (FCX). My point here is that if, in the face of all this insane bullishness, FCX can continue to make money for the bears, then it has some serious, serious troubles ahead.
More NVDA Nonsense
This company is now worth more than the entire GDP of Russia, South Korea, Australia………..!?!?!?
