HFSP

I keep seeing people try to predict what the MSTR premium over NAV “should” be, as a valuation question.

However, the answer doesn’t truly exist, because it’s recursive. The current state of it is an input back to itself. It’s arbitraged, in other words. As long as there is a sizable premium, MSTR will continue issuing securities until demand is saturated for a period of time.

A high premium tells MSTR to keep issuing more securities, which in the long arc of time pushes the premium back down. A low premium tells MSTR to slow down or halt security issuance until a premium re-emerges.

And gm.

One thing I can never quite make sense of is the fact that…

1. I have extremely strong beliefs

2. Many or most of the beliefs are out of step with modern culture

3. Holding these beliefs produce outsized results for me

4. Others claim to want outsized results

5. But if you share the beliefs that generate them people get upset

It’s a very confusing phenomenon

Absolutely 💯. 🙏

Here is some more information I have researched about this cacti. I will plant mine in the garden when they have established a good root system.

'Cereus repandus (syn. Cereus peruvianus), the Peruvian apple cactus, is a large, erect, spiny columnar cactus found in South America. It is also known as giant club cactus, hedge cactus, cadushi (in Papiamento and Wayuunaiki, and kayush.

Cereus repandus is grown mostly as an ornamental plant, but has some local culinary importance. The Wayuu from the La Guajira Peninsula of Colombia and Venezuela also use the inner cane-like wood of the plant in wattle and daub construction.[

Description

With an often tree-like appearance, its cylindrical gray-green to blue stems can reach 10 metres (33 feet) in height and 10–20 cm in diameter as a self-supporting plant. However, if supported by a scaffold, C. repandus has grown to a height of 110 feet (34 meters) at the SDM College of Dental Sciences at Dharwad, Karnataka, India, technically making this the tallest cactus plant in the world, although no cactus under natural conditions exceeds eighty-two feet (25 meters) in height in the case of Cereus stenogonus. There are nine to ten rounded ribs that are up to 1 centimeter high. The small areoles on it are far apart. The gray, needle-like thorns are very variable. They are often numerous, but can also be missing entirely. The longest thorns are up to 5 centimeters long.

The large, cream-colored, nocturnal flowers remain open for only one night and are of vital importance to pollinating bats. The fruits, known locally as pitaya, olala (only in some parts of Bolivia) or Peruvian apple, are thornless and vary in skin colour from violet-red to yellow. The edible flesh is white and contains small, edible, crunchy seeds. The flesh sweetens as the fruit opens out fully. As the cactus grows in arid regions and fruits in the dry seasons, the fruit is an essential source of food for birds in its native range.'

The ones at my house are more this color.

Peruvian Apple Cacti, I have just potted almost twenty of these. The flowers are indeed nocturnal and the fruit from them is edible. They also grow to very tall heights in the right conditions.

Beautiful photos, kudos 🙏

Alison Roman’s Buttermilk Biscuits 👌

Nunca ví un escorpión 🦂 así 🫢🫣

Nope nope nope nope nope nope nope

Enough nostr for today.

Tucked away ⚓️

#photography

#sailing

#grownostr

Yeah I had to google it to find out that it’s actually a thing that they do lol

Jesus, where do you live? My nightmares?

I think this is how my wife must feel when the kiddos are all over her giving her zero space. 😂

Didn’t know baby scorpions attach themselves to their mothers back like that. That’s wild.

Is this one of the dangerous kinds? (Sorry if this is a silly question, but there are definitely no such creatures in Austria, and I’m somewhat glad about that. 😅)

Are there any mountain lions in that jungle? 😆