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.
Palantir, the Palo Alto-based company with its Alex Karp crazy-hair guy, has lost the majority of its market cap in just one year’s time. If James Altucher wasn’t proof enough, maybe Mr. Karp will finally demonstrate my point irrefutably.
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…)Let’s say you were an employee at Facebook. A crucial part of your compensation, and your net worth, is the share price of Facebook. Let’s see how that’s going for you, shall we?
Hey, remember back in November when Avis (symbol CAR) went roaring higher, single-handedly pushing the Dow Transportation to a lifetime high? How quickly things have changed……….
A wipeout of nearly 75% in just six months. I’m sure the insiders dumped at just the right time and left the retail bagholders wondering what just happened with their “investment.”
