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.
In my Virtual Positions post, I wrote the following:
I think these are all terrific plays, except for Netflix, which I am just stupidly putting out there as a raw gamble (I am typing these words during market hours, and by the time you read this, NFLX will do whatever it is doing, so we can see how stupid it was).
Well………
There are countless examples these days of the unhinged insanity in the stock market, but I’d like to present one in particular: Bumble. Here is their entire business model:
That’s it. Basically it’s like Tinder, except women make the first move. End of story.
So how big a moat is that? I mean, anyone could come along and create a hook-up app where they require the man, the woman, the hippopotamus, or whomever else is the targeted carnal companion, to make the first move.
(more…)Below is EDIT, one of those companies (like CRSPR) whose promise was to create, among other things, designer babies, custom-made for wealthy customers (because they can EDIT genes, get it?). I guess, like 3-d printing, people’s imagination got away from them. It has lost most of its value already, in the context of the most obscenely over-supported market in human history.
How I would love to see the entire equity market experience what the electric vehicle sector is going through – – a relentless wipeout, when every single day, new lows are made and market capitalizations wither away. It’s a beautiful thing! I guess Powell doesn’t care about this particular sector to defraud everyone, as he’s doing for the big stocks.
Remember when Theranos was in its final death-throes, and out of the blue, a company named Fortress Capital threw them a $100 million lifeline? That drove me nuts, because what was supposed to happen (Theranos blowing up) got stopped. But it didn’t last. Fortress lost their empty-headed investment and Theranos resumed its self-destruction.
I felt the same way we I heard that WeWork was going public (!!!!!!!!!) by way of a SPAC company whose symbol is BOWX. It’s nice to see this morning a big red bar, and I strongly suspect before this year is over we’ll see plenty more. The fact that these two shameless grifters got crazy-rich off this little enterprise boggles the mind.
