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.

Body-Slam of AI by GS

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Our fellow Sloper, 5-star general Violet, was kind enough to share an article which pisses me off only because I didn’t write it. It goes on at great length about how how Goldman Sachs had penned a lengthy report completely slamming the AI Hype (which is a level of honesty I thought impossible at GS). Here’s a tiny excerpt from the article:

This report is so significant because Goldman Sachs, like any investment bank, does not care about anyone's feelings unless doing so is profitable. It will gladly hype anything if it thinks it'll make a buck. Back in May, it was claimed that AI (not just generative AI) was "showing very positive signs of eventually boosting GDP and productivity," even though said report buried within it constant reminders that AI had yet to impact productivity growth, and states that only about 5% of companies report using generative AI in regular production.
For Goldman to suddenly turn on the AI movement suggests that it’s extremely anxious about the future of generative AI, with almost everybody agreeing on one core point: that the longer this tech takes to make people money, the more money it's going to need to make.

I strongly encourage you to read it, because it is absolutely fascinating.

A Lazy Question

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I’d like some advice, and shame on me for not just researching this, but I figured I’d ask you good people instead.

Let’s just say a person owned a large quantity of a stock like, oh, let’s say, Tesla. Let’s further say that this person wanted to maintain their long position for the long haul and also wanted to make extra income from it.

I realize that selling covered calls is one approach, but my (very limited) understanding of this suggests that, should the stock do well, the seller of the covered calls might find themselves selling off the stock anyway, which kind of defeats the purpose.

Any more clever approaches to this? Or does one simply hold on to the long and pray?