Andreas Clenow

Variable payout does not mean "not fixed income." Floating-rate notes, bank loans, reset preferreds, and perpetual preferreds all sit in fixed income markets without paying a static coupon forever. And fixed income does not mean guaranteed principal either. Junk bonds and distressed credit are fixed income too, and principal can absolutely get destroyed. You still have not explained how this is comparable to a ponzi. You are continuing to misrepresent STRC and are doubling down while being wrong.

What’s your biggest financial flex?

What is the biggest betrayal of the source material.

This isn’t widely understood, & if accurate, matters. Musk said $TSLA would have 500 robotaxis operating in Austin by yr-end. If the reality is 3 to 5 vehicles, that’s not a rounding error - it’s a categorical failure. Since roughly June, the stock has doubled, fueled in large part by the robotaxi narrative. If the gap between promise and reality is this wide, investors should at least consider whether the rally was driven by execution - or by misrepresentation.

Spending Christmas in Singapore and we're currently swimming in what's known as the most spectacular swimming pool in Asia, atop the Marina Bay Hotel. Lives up to the hype to be honest, very cool place! Singapore in general is very pleasant, dynamic and feels altogether harmonious. The only thing that surprised me is that it's less high-tech than what you'd expect. Very few EV cars in the streets for instance. So for this, at first glance, it definitely feels more like the West than like China. Which is surprising: I'd have expected them to be more of a bridge between both. Not complaining though, Singapore is a great place to spend a few days, and looks like it'd be a nice place to live too.