JUST IN: Coffeezilla publishes video taking on Bitcoin believer Michael Saylor & Strategy's $STRC.
Coffee says Saylor's STRC preferred-stock pitch is too simple & the risks are not properly explained.
"It's been compared to the iPhone. It's been compared to a Ponzi scheme."
"You put in your money. They say they're going to yield about 11.5% per year. That's basically double digit returns which is just mind-blowing"
"What is the problem with that? Well ultimately... the company has no obligation to pay you back. Why haven't people realized this?"
"My entire problem is that they're leading people like a pied piper with this kind of ludicrous idea. Their pitch is of a money market and a bank - When that's just not what this is. This is a snowball of yield."
Sat down with @coffeebreak_YT today on Bitcoin and Digital Credit.
His edit will drop soon. Posting the full raw hour for anyone who wants the unfiltered version.
Enjoy
just for transperancy... I am not on socials medias so much anymore. holding mostly $PYPL$PEP$UBER$UPS$GOOGL$CROCS$BABA$ATAI$OXY
Will probably not post too often. Too busy away from S&M (Social Media 🤪)
Hope you all are well
I'm not saying leverage never makes sense for some people, it depends on individual circumstances.
But someone as influential as Saylor giving blanket advice to masses to take on maximum debt is careless and reckless, no matter how you spin it.
"If a business earns 18% on capital over 20 or 30 years, even if you pay an expensive looking price, you’ll end up with one hell of a result." — Charlie Munger
Here are 10 stocks with a return on capital > 20%:
In 1992, Pepsi ran a promo.
Sales jumped from $10M to $14M in one day.
But one mistake changed everything.
Riots broke out. People died. Lawsuits followed.
Pepsi’s biggest disaster ever — here’s the full story 🧵👇