Learn something every day - I always thought that a decision that turned out well was a good decision!
I don't claim to know much about Microstrategy and I am only going on the info available to me, which is what is out there plus what was in that linked article, which I found interesting.
I get the idea that some people think Saylor just punted on bitcoin on a whim. It's a public company so he will have had to think it through, develop a coherent strategy, model it and describe it, and get it past his board. You, or I, may not agree with it - and it might be different from what every other company (barring maybe Tesla) has done, but that provides no basis to say that it isn't thought through and that it isn't credible. And, if the goal by which you judge it is increasing the value of the company, it's hard to argue that - based on what we know now - it hasn't been very successful.
Of course it may well fall apart tomorrow, but there are certainly plenty of reasons to believe that it might not. If you really think it is bullshit, you can always short it!
Sounds daft when you put it like that, but if you developed a system which enabled you to successfully run across the road with your eyes closed every day for four years and, in doing so, created nearly $30bn of shareholder value, I would be forced to conclude that you might be on to something!
Learn something every day - I always thought that a decision that turned out well was a good decision!
I don't claim to know much about Microstrategy and I am only going on the info available to me, which is what is out there plus what was in that linked article, which I found interesting.
I get the idea that some people think Saylor just punted on bitcoin on a whim. It's a public company so he will have had to think it through, develop a coherent strategy, model it and describe it, and get it past his board. You, or I, may not agree with it - and it might be different from what every other company (barring maybe Tesla) has done, but that provides no basis to say that it isn't thought through and that it isn't credible. And, if the goal by which you judge it is increasing the value of the company, it's hard to argue that - based on what we know now - it hasn't been very successful.
Of course it may well fall apart tomorrow, but there are certainly plenty of reasons to believe that it might not. If you really think it is bullshit, you can always short it!