[1996]

> It reflects pretty badly on Microstrategy that a speculative investment of theirs outpaced their core business. Publicly traded software companies aren't hedge funds, they're not supposed to be making the kind of investments that can do that.

We have a different vision of what traded companies do.

For me, a traded company gives either a dividen, or shows a pattern of growth that is reflected in the share price - in either case, it will give me profits in the end, which is all I care about. I do not care about the "how" - that's the CEO and board job. I care about the profits. And so do you if you are not retired, because without profit, you won't be employed by this company for long.

A company that can adapt to a new trend, cut out bad lines of business, and give me more profit is a company I can consider for investment.

All that matters is the bottomline! Unfortunately many people here focus on useless things like technical debt or CICD pipelines, while they are just tools.

[Melting_Harps]

> in either case, it will give me profits in the end, which is all I care about. I do not care about the "how"

This is perhaps the most telling aspect of the investment class that explains how people so many are starving, being evicted and dying from COIVD in the World'd richest country while people keep pouring into Airbnb and Doordash IPOs.

It's so absurd to me how oblivious some people are about things that will lead to inevitable consequences to Society as a while while justifying any and all practices (not least of which slave labour) because their fake paper wealth number increases--all while the currency its denominated in loses more and more purchasing power.

[1996]

> many are starving, being evicted and dying from COIVD in the World'd richest country

Like every human being, you are entitled to an opinion - however, I fear you are turning that into an emotional argument, instead of logically looking at it. Your emotions are tainting your perceptions.

Most people on HN have a negative view of crypto because of sour grapes. That's fine if you can afford the missed opportunity caused by this kind of luddism.

> fake paper wealth number increases--all while the currency its denominated in loses more and more purchasing power.

Personally, the only "wealth" I believe in is the one that's in a FDIC insured bank, under your name.

As for the purchasing power, it doesn't really matter in isolation: as long as your wealth can increase more in nominal terms than the purchasing power can decrease, it means your wealth increase in real terms.

So what's the problem exactly?

Purchasing power, like everything else, is just one of the "tools" - like CICD or your favorite editor, it's a nice thing to talk about with your friends, but that's not the bottom line.

[xyzelement]

>> I do not care about the "how" - that's the CEO and board job. I care about the profits.

One element is diversification. Consider a hypothetical investor that holds 50% bitcoin 50% stocks may think he's somewhat diversified, but if underneath, his stocks just hold bitcoin on their books, then he's just 100% bitcoin and completely undiversified.