12 Comments
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Colin Shen,CFA's avatar

What a person says often reflects the books he has read, the people he has met, the scenery he has seen and the experiences he has had.A good question is far better than a thousand bad answers.

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Maverick Equity Research's avatar

What's it, great way to put it Colin! Thank you!

Have a great weekend!

Take care!

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Studio's avatar

Great job on the Robinhood explanations. 10x.

Don't forget that Hood had 10+ revenue channels that are growing.

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Maverick Equity Research's avatar

Glad to hear.

Indeed, the revenues diversification with the business model was a big plus once it started.

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Neural Foundry's avatar

The MicroStrategy levrage dynamic really ilustrates how volatility compounds in both directions. Bitcoin down 16% translating to MSTR down 46% is a textbok case of leverage risk that many overlook when things are going up. The Robinhood paradox you outlined is fasinating too, owning the infrastructure beats trading on it every time.

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Maverick Equity Research's avatar

cheers :)

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Neural Foundry's avatar

The MSTR vs Bitcoin corellation chart is fasciating. It shows how the market is valuing MSTR's stratgy beyond just its Bitcoin holdings. That premium keeps expanding as more people understnd the levered Bitcoin exposure model.

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Maverick Equity Research's avatar

quite a case, and quite a lot of leverage inside MSTR ... cheers!

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Nick E.'s avatar

Excellent!

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Maverick Equity Research's avatar

Glad to hear, have a good day Nick!

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George Atuan, CFA's avatar

Isn’t the insight about Robinhooders underperforming the market true for all the brokers as well?

Somewhere I read that 95% of retail accounts are losing money, but I can’t recall where and I may be wrong 😑

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Maverick Equity Research's avatar

Indeed George, vast majority of cases very true!

The data I saw varies between 80-95%.

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