Dear Slope people, this is a different post than my usual. If Tim decides it is worth posting please take it in the spirit intended, which is the spirit of despising bubbles and especially bubbles that are so transparent and promoted at the hands of the media/celebrity complex. –Gary
Response from Tim: Nah, Gary, I’m delighted you did this post. I think the NFT thing is insane too, with one obvious exception.
NOTES FROM THE rabbit hole…NFTrh
The NFT part is all that matters. Not the words “notes from the”, implying information delivered from somewhere. Not “rabbit hole”, implying that somewhere is a pretty different, even weird place.
You see, with my antiquated notions of sound market management, which includes investment and/or speculation in real assets, including real monetary value (gold), equities of real companies doing real things and the commodities consumed during real… okay, manufactured economic growth, it is really pretty odd that I am now seen, because of 3 stupid letters, by some as part of the newest craze in the financial markets, the Non Fungible Tokens craze.(more…)