But it was treated like a proxy for one. So practically it was one, in the time when institutions couldn't directly invest in crypto. Why would we listen to him when he is just touting his on stock? I mean if he was using facts and valid arguments I may listen, but usually these types don't. Maybe I will buy the stock when it is under 10, seems to be the time to go long... By the way plenty of morons or outright scammers among billionaires, so that is not an excluding factor.
Saylor is a k00ky bastard who destroys wealth . Everyones except his own https://playcrazygame.com/2021/09/14/dont-trust-cheater-michael-saylor/
It's cool, I don't really like arguing on a message board, I prefer discussing actual usage of the crypto assets in local wallets, or yield farming which is hardcore web3 stuff It would be great if everyone on ET can experience the ability to transfer crypto assets (money) on a decentralized network I have no position on MSTR (yet), was planning to buy some call leaps after paying taxes, but taxes exceeded even my conservative high estimates The bigger reason I haven't bought the MSTR leaps calls is negative wealth effect. Fed is succeeding in its inflation-fighting operations in my case I'm supposed to buy a new laptop (my current one will be handed down to a family member that needs it) but I'm procrastinating, so I'm contributing to a slowdown of inflation, lol The mind plays tricks even though short term liquidity has not changed, the value of the long term positions are still taken into account Personal anecdote on this Fed interest rate hikes and QT effects on the markets and wealth effects and inflation
I looked at the financials published on bloomberg: for the last 10 quarters, revenues are about 100MM but operating income has been between zero (last quarter) and 25MM (in q4 2020). It's never been negative. This is income from continuing operations. In the last 15 years they've only had 1 year with negative operating income (2019). This is a pretty decent business. As reported shows 100MM loss but that includes the write down of the bitcoin.
Thank you for referring us to a blog post from playcrazygame.com as the basis for your opinion. Now that's some solid research material right there.
Thanks for the correction. I was lazy and going off my memory. I should have typed quarterly operating expenses are 100MM as written in my notes, not 200MM. A pretty decent business? Also wrote “unprofitable sans Bitcoin.” Bottom line is the fundamentals didn’t deter the trade.
Saylor got lucky once in the 90s so he became a billionaire. By virtue, some people here automatically assume he is a genius and whatever he touches would turn into gold. Yet he let his company's stock drop by 99.9% once and for the second time he is down by 85% or so. Don't confuse luck with brain power.
Don't need research when I have this chart . Note the much higher volumes at the highs How many billions has this k00k incinerated for stockholders ??