It's a funny line from Capote in the latest issue of MFO, but I don't see how it relates to a story about inflation/valuations that makes no mention of the state. It also seems a little meanspirited when California is being wracked by wildfires. Moreover, California is the state that produces the greatest GDP in the nation and is home to some of the world's most powerful tech companies and some of its brightest scientists and engineers. Where would America or for that matter the U.S. stock market be without it? Finally, despite frequent potshots heard against California lately, it is fairing better with regard to Covid than many other states. I am rooting for it to be OK.