Damus

Recent Notes

YODL · 2w
Right?! Btw, I had meant to write "risk free" instead of fish, but the typo sort of works here so I'm going with it 🤷
TDR · 2w
No, MSTY was an income fund created by YieldMax. They used options on MSTR to generate the yield which eventually dampened the vol and then we went into a bear.
gojiberra profile picture
yield has such a draw for some people. it's freaking bizarre.

MSTY was a derivative of a bitcoin derivative (mstr)... but since it offered yield people ate it like candy!

but maybe it was a good thing, because perhaps Saylor saw the demand for yield and created the "preferreds".

which is like first class yield products. haha

MSTY was playing in the turbulence of the hydroelectric dam outflow. if you've ever boated down stream of a dam, there are signs that tell you "may release water at any time". and also, in dry seasons, not a lot happens downstream, even though the dam may still be humming and producing electricity.

preferreds are inside the hydroelectric facility, taking an orderly cut of the energy flowing by.

MSTR is the whole hydroelectric facility--dam and lake-->betting on a lot of rainfall to come which most likely will with fiscal dominance a la "nothing stops the train"..
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YODL · 2w
That's a pretty good analogy, though I don't know the details of how these products work enough to confirm the accuracy. My caveman financial brain tells me they're stealing my gains though, and I don't care for that!
stache · 2w
👆🏽This is first class analysis (…unlike some who will remain unnamed … nostr:nprofile1qqsd9pqnwyshrse7z975h5ynptq9ktz3kv8txqs7lr20zgelqtys52cprfmhxue69uhhg6r9vehhyetnwshxummnw3erztnrdaksz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcseudy3 🧐😂) …we could use this fella @yodlme.com🫡⭕️...
note1thnus...
gojiberra profile picture
Just made me realize. If ones investments are getting "yield" there is someone else who the yield is coming from.

The dollar comes in two flavors: One is just dollars, the other is in a savings account and gets "yield".

How tricky is that that
Some people have the non yieldy kind.
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gojiberra · 3w
If China came out with a CBDC that gave minute by minute yield on an app with a video of robots working in the background , I bet Americans would buy it just to watch ch the number go up on the screen
Wasted Potential · 3w
Yield is just someone’s else’s work or time or life taken away in the form of loan. If they pay, it’s theirs. If they don’t, it’s a part of everyone’s.
Toxic Bitcoiner · 3w
No. https://mises.org/library/book/middle-road-leads-socialism
gojiberra profile picture
Ok,maybe you're right. I Read the excerpt below and it makes sense, even a little bit is not a good thing.

But I just talked to a couple people in a hostel, one on a pension, and a young climbing instructor. Both were on tight budgets and seemed to think unrealized capital gains for billionaires was the way to cut the head off of the beast and solve inequality in one go.

"the capitalists and entrepreneurs on the one hand and the wage earners on the other hand, are arguing about the distribution of the yield of capital and entrepreneurial activities. Both parties are claiming the whole cake for themselves. Now, suggest these mediators, let us make peace by splitting the disputed value equally between the two classes. The State as an impartial arbiter should interfere, and should curb the greed of the capitalists and assign a part of the profits to the working classes. Thus it will be possible to dethrone the moloch capitalism without enthroning the moloch of totalitarian socialism."
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Toxic Bitcoiner · 3w
https://image.nostr.build/b63e434cc2b2de06d3006ea8a65743218a6c2e7146926a19fbfaf3095a274b5e.jpg
Toxic Bitcoiner · 3w
No. https://mises.org/library/book/middle-road-leads-socialism