Ah yeah i forgot the huge tech bubble, but this time its the everything bubble.

I saw SMLR been bought as mNAV <1...

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Yeah well because there's no revenue or net asset value other than it's "reserves" which fluctuates.

Would be interested in a Damodaran valuation of these treasury companies

Yeah it's stocks, bonds, cryptos and property.

Going to be wide spread, but also makes complete sense when you look at the gold chart since 2022...