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21 sats \ 0 replies \ @justin_shocknet 4 Apr \ on: Has Michael Saylor's Strategy built a house of cards? AskSN
His strategy is looking pretty safe today by comparison to megacorps that are levered to slave wages overseas... Stonks down ~10% since yesterday while MSTR flat to -1%
It's really no different than a REIT structurally, raise debt -> buy assets... only difference is real estate supply is elastic, structures depreciate, tax unpredictability, etc...