there is inflation helping public co revenues but if it's 100% inflation driven why are their earnings growing 20% ? if it was inflation alone cogs & opex would be growing as fast as revenues but they clearly are not.
PETER SCHIFF:
โTHE GAIN IN THE STOCK MARKET IS INFLATION, NOT REAL VALUE.โ
WHEN THE DOLLAR LOSES PURCHASING POWER, EVERYTHING APPEARS TO RISE IN PRICE.
IT LOOKS LIKE YOUโRE GETTING RICHER.
BUT 99% OF PEOPLE ARE BEING QUIETLY ROBBED.
saylor calls his broker and asks about bitcoin.
broker says bitcoin is 75k.
saylor says, โalright, buy me 200k bitcoin.โ
5 years later, he calls again.
broker says, โgood call. bitcoin is at 65k now.โ
saylor gets excited and buys 100k,more.
few years later, he calls again. bitcoin is at 80k.
now he thinks heโs a genius, so he buys 100k bitcoin.
next year bitcoin is at 100k. he buys a 400k.
the next year bitcoin is at 120k . he buys another 100k bitcoin.
then $126k. he buys another 100k.
he finally thinks, alright, this is probably enough. time to take profit.
so he tells his broker, โsell 32 bitcoins.โ
after a long silence, broker finally says:
โsell to who? youโre the only buyer.โ
@LynAldenContact key weakness is the cap is way too high for the limited product-market-fit. take out the dopey speculators, that get run over by the 4-year cycle like clockwork ever 4-years, and you have a much lower market cap. the power consumption is a problem.