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.

Rationalizing Lunacy

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There is one realm of my life in which I feel an utter kinship with equity permabulls: Bay Area Real Estate. See, most of my net worth is based on it. My cost basis is very, very low, because I bought it cheaply a long time ago, and for my entire adult life, all I’ve heard about is how overpriced it is, how it’s going to crash, and how stupid I am not to sell it Right This Second. So, believe me, I have a certain amount of sympathy for owners of, say, NVDA or AMZN listening to yo-yos like me telling them to dump their shares ASAP and being wrong forever.

I thought about this because of a recent full-page ad that appeared in our local paper for a real estate firm that put together an ostensibly objective study about prices in these parts. I’m going to share it below and then say a few words afterward………….

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