Do preferreds compete with the common stock?
Replied byPhong Lee
President & CEO at Strategy (formerly MicroStrategy)
Niche: Technology, SaaS, AI, Finance, Cryptocurrency
Revenue: $1M+/month
Location: USA
Started: 2020
I see an ecosystem, not a fight. Common is the alpha. Preferreds, converts, and notes support the common. Different products for different needs like owning a phone, watch, and earbuds. Together they strengthen the stack.
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