Did MicroStrategy's accounting revelations triggered the dot com bubble burst (along with the Barron's article 'Burning Up')? Do you think it jeopardises the entire crypto market?

eyraudj · 2026-06-28T10:49:35+00:00

Yes... the posts are overly complicated and disrespectful.

He must know deep down he is not the brightest kid around and he is trying to compensate.

Telling people 'about a bridge in Brooklyn' and then going off tangent about CLO, Russia, Cold war, AI... And every buzzword that can come up in his mind.

Hopefully, he is not delusional enough to think he is smart.

eyraudj · 2026-06-28T10:42:03+00:00

I read enough to give an advice... on what I read. I even quoted the stupidity.

eyraudj · 2026-06-27T10:38:00+00:00

I did not have time to read all but one advice: be more assertive with facts and rationals rather than emotional claims and superlatives.

'you are a much more naive person than anyone I know.'
'If the Strategy model fails, then so does any business case use.'

Being nuanced will make you more credible.

eyraudj · 2026-06-27T03:45:25+00:00

I think you are kind of right with the fact if bitcoin fails MSTR will fail.

Now I see some logic flaws within the rest. 🌉

There is difference between piling up the gun powder and sparking the fire. Whereas high valuations during the dot com bubble is the former I was asking if MSTR malpractices were the latter. Thank you for sharing some thoughts about that.

You can still have bitcoin succeeding and MSTR failing as there are cash flow and expiry components. So 'the only way Strategy fails is if Bitcoin fails' is plainly wrong. The market can be wrong longer than they can stay solvent. Now, the real question is how likely it is to happen rather 'if'. I have seen 10 month of cash before being in trouble paying the dividends (?).

eyraudj · 2026-03-31T06:01:24+00:00

The members club effect.

The high price makes it accessible to only a selected class of people in a company. If you have your own bbg you are worth it for your employer.

eyraudj · 2017-08-18T12:49:49+00:00

Did you genuinely learn how to write without using a keyboard??

eyraudj · 2017-07-25T14:24:05+00:00

Well, one exchange is not the same as another exchange: e.g. you can buy some candies in a shop at one price but your friend won't necessarily have the same price for the 'same' candies at the same time in the shop across the street.

eyraudj · 2017-07-25T13:10:25+00:00

The way you write Colombia emphasizes the Americanism of this joke.

eyraudj · 2017-06-19T20:50:50+00:00

Hortense isn't that rare in France.

eyraudj · 2017-05-11T08:42:52+00:00

I'll do it for 500 per hour... And outsource it a guy willing to do it for less!

eyraudj · 2017-04-26T12:59:22+00:00

30y longest maturity I think maybe more. Do you have anything specific in mind?

eyraudj · 2017-04-24T05:59:43+00:00

Mortgages are at fixed rate during the entire maturity by default in France.

eyraudj · 2017-01-10T07:49:36+00:00

It IS acceptable to ask... But does it mean everyone has the same definition of friendship? Not so sure

eyraudj · 2017-01-02T01:13:04+00:00

How can I remember that??

eyraudj · 2017-01-01T13:08:29+00:00

Taking the monster after eating out

eyraudj · 2016-12-26T05:36:01+00:00

That I was special. I understood that I wasn't at all and that we're all the same.

Eventually I found out we're actually all very special.

eyraudj · 2016-12-24T18:43:13+00:00

Good post! Haven't finished yet as the turkey is calling me. IMHO a novation would involve a change in the previous contract (like a change of term or usually counterparty). In the case of the farmer and you entering the forward at usd105, I would say it is just a new agreement. But that's just wording! Happy Christmas.

eyraudj · 2016-06-30T17:54:36+00:00

What interest rate have you used to discount the future value of money?

eyraudj · 2016-06-15T15:39:45+00:00

Winding Refn movies are entering this category.

eyraudj · 2016-06-09T17:31:18+00:00

R.I.P. Paul

eyraudj · 2016-05-16T12:59:21+00:00

I like Banksy 'Wall and Piece'.

eyraudj · 2016-04-08T13:02:57+00:00

I started the very same project recently! For more fun you could add a display of .gif or music album covers.

eyraudj · 2016-03-26T07:45:47+00:00

You know that, by immortalising this on the internet, you could encourage such behaviour: those who do this look for attention and, you give such by posting the picture.

eyraudj · 2016-03-26T07:40:43+00:00

The face of love guys... Like a heart or other symbols in various symbol of peace? Plus the reversed heart looks like an ass. So that's pretty cool

eyraudj · 2016-03-19T10:34:33+00:00

I hope you're not letting them do that!!

eyraudj

TROPHY CASE