If for some reason you were to join me in my car, going about my daily errands around Palo Alto, we would in all likelihood pass the intersection of Alma and Charleston, and you might ask me who this guard was at the railroad tracks and why he was there:
I’ve lived in Palo Alto since 1991, and at the time, it was a terrible stretch for the very-young Tim to buy a house in town. In retrospect, it was one of the greatest (and few) “long’ positions of my life, since it’s worth about twelve times what I paid for it back then.
I sure wish I could buy a put option on it, though, because we’ve got to be at some kind of zany top, given the front page headline on this morning’s Daily Post. Here ya go:
Preface: 2015 was a dynamite year for the Slope of Hope. Some of the year’s highlights:
- The celebration of our 10th anniversary;
- A surge in the popularity of Slope Plus, our subscription-based offering
- A king’s riches in fantastic posts from many authors, the best of which I am highlighting during this long weekend. (Slope has had literally tens of thousands of posts in its lifetime).
Here are today’s highlights, some of which you might want to re-read. This took a huge amount of time to put together (to say nothing of the time it took to write the posts in the first place), so I hope you enjoy it.
- The Charlie X Solution – my response to the Charlie Hebdo killings. I think this is some of the finest writing I’ve ever done. Sadly, the world has not taken me up on my brilliant plan.
- Perfect Palo Alto – in which I examine the hiring of guards at the train tracks to try to reduce the number of Palo Alto high school students throwing themselves in front of locomotives.
- Learning to Learn – some lessons I took away as I tried my hand at binary trading.
- Top Tick Tyler – in which I rant about how ZeroHedge seems to inadvertently call major turning points, and how their dire predictions really never come true.
- Relativity – a very interesting success story about how my method of trading was able to prosper in the face of what seemed like very dire circumstances.
- The Time Warp Again – if I may say so, an incredibly good post about how much the Silicon Valley has changed since when I was in my teens.
- Ten Years of Hope – celebrating Slope of Hope’s 10th anniversary
- Negative Interest – in which I despair about my almost total lack of interest in the market at the time. Not surprisingly, this was almost exactly the peak of the entire world of equities.
- It’s Not Getting Any Smaller – my take-down of gold kooks who used this tired phrase as an excuse for their lame-ass, always-goes-down investment.
- Do You Want to Know a Secret? – wherein I tear apart another idiotic startup.
- God As a Dog – a tear-jerking post about the death of my beloved Kobe. Tissues required.
- Transports Less than 2% Away From Failure – here I call for the Dow Transports to begin dropping hard. I, umm, was correct.
- Silicon Shark Jumps the Shark – a brilliant overview of the so-called Startup Castle. Out of curiosity, I clicked on the link, and it goes straight to a 404 page. Figures.
Well, get busy – – go read those that look enticing!
Exactly twenty-two years ago, I walked into the Fry’s Electronics store in Palo Alto to get a few items, and I was faced with this cheerful cover on the magazine rack:(more…)
I was on the long plane ride home from Cambridge to my beloved Palo Alto (cities that are identical in many respects, the temperature notwithstanding) and I saw the ES explode higher. (green tint, below). This was on the heels of a day that already had an EKG-style zaniness from the Fed Minutes. As I sit here now, both of these have faded away (red arrow).(more…)