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.

Banking Only Coin

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Here’s an interesting update on the saga of my “longs only” portfolio. The rightmost column shows the percentage of profits contributed to the overall sum. EXTR, for instance, is “contributing” negative 15.6% (that is, it is a loss). What’s most interesting is Coinbase (COIN) which, as merely 4% of the portfolio, is contributing a full 62.8% to the overall profit. In other words, this poor fella is doing about 15 times the work, proportionately speaking, as might be expected if the performance was totally equal.

RDDT IPO BFD

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Much has been made of the big “pop” that IPO Reddit had on Thursday, as if that somehow heralded a new era if initial public offerings. Meh, I don’t think so. Reddit has done nothing but lose money since its creation, with cumulative losses approaching $800 million (but at least their CEO is nicely compensated, whose last annual salary was something like $120 million). Simply stated, it’s a garbage business, and some poor schlub is already down 20% from his purchase on Thursday.

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