People truly never learn.
If you ask any five year old if paying big bucks to name a stadium is a smart business move, they’ll tell you “no”. History has provided countless examples of this. To cite just a few……….

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.
People truly never learn.
If you ask any five year old if paying big bucks to name a stadium is a smart business move, they’ll tell you “no”. History has provided countless examples of this. To cite just a few……….

Well, I guess the “R-Word” is off limits, so I’ll instead refer to the denizens of WSB as brain-dead. At least until the Association for Brain-Dead Dignity comes after me, at which time I’ll be foreclosed from using the “B-Word.” But, for now, brain-dead it is.
As most of you know (unless you, too, are brain dead) the WSB sub-reddit is crowded with degenerate gamblers and males in a state of arrested development. They are dreadful investors, and their hero is DFV, whose drug of choice, famously, was GME. It was one of those once-in-a-lifetime things, but attempting to behave like DFV is, I believe, akin to modeling yourself after someone who won the lottery. They got lucky, and it’s one-and-done, so it’s all a bit silly. Of course, WSB and its self-deluded victims would not exist were it not for the Fed’s wicked machinations, but this is what we’ve got to work with.
(more…)As you probably know, if for any reason you’re ever interested in destroying large sums of money, just get a government involved. City, state, or federal, it doesn’t matter. The simple fact is that these power-hungry organizations are populated by people who couldn’t hack it in the world of private enterprise, so they have found solace in union-protected, high-paying government jobs where it’s impossible to be fired and there’s zero accountability. Just show up now and then, and the direct deposits will flow.
With that as a basis, I was not the least bit surprised to see this headline in the morning paper:
