Mr. Adam Livingston is a little much sometimes, but his vids are so well scripted, so eloquently put together that I can't stop myself from watching... and frequently reminded of the brilliance.

So here's his PRO-SAYLOR OMG BULL CASE recently ("I BOUGHT MORE MSTR BECAUSE THE MATH IS INSANE" obvs all-caps because, reasons?) and it's littered with clever beauties that make me dream of fiction books (#1413116):

MSTR only trades at a 5% premium to the bitcoin that Strategy owns (for all the dirt I may fling Saylor's way, and for all the custody risk I've outlined a ton over at ~econ, #1410584, #1411583, this is AMAZING):

Let me say that again for the dead-eyed portfolio managers who still think that MSTR is too risky: You are paying 5 extra pennies on the dollar for the privilege of owning the most aggressive bitcoin accumulation engine in human history... 5%! I can hardly call that a premium, this is a rounding error on a cocaine tab at a tradfi Christmas party.

"STRC is the on-ramp to the orange casino; there is no tolls, no tax... these fixed-income clowns are underwriting their own demise, one dividend check at a time""STRC is the on-ramp to the orange casino; there is no tolls, no tax... these fixed-income clowns are underwriting their own demise, one dividend check at a time"

The common shareholders keep sitting back, like degenerate royalty... this is the vampire yield-farm from hell that is feeding on the carcass on the dying fixed-income markets, and it's turning it into the bitcoin exposure for the equity base.

Brilliant.

Equity analysts (with "MBAs from state schools," LOL) criticizing Strategy,

...are still modeling this as if it's a gold ETF with a drinking problem... they're still stuck on "leverage=bad" like it's 2008 and they just got laid off by their employer -- again!

Diminishing returns to these jokes but still wonderful:

These numbers are so wildly bullish that they make ethereum start to look like a lemonade stand at a methadone clinic.

"And every single time [Saylor] clicks 'issue Stretch,' another fund manager gets bitcoin against their will""And every single time [Saylor] clicks 'issue Stretch,' another fund manager gets bitcoin against their will"

beautiful

this is the endgame asset for the intelligent degenerates out there that actually understand how capital is ACTUALLY going to flow.