Michael Saylor

It's just when you're successful at the end of your life, you know, you know what made you successful. You don't have a need to know. When you're at the beginning of your life, you're not successful. You've got no respect. You've got no future. You better find something new, right?

It's just when you're successful at the end of your life, you know, you know what made you successful. You don't have a need to know. When you're at the beginning of your life, you're not successful. You've got no respect. You've got no future. You better find something new, right?

That's why Led Zeppelin, you know, they picked up electric guitars and they played rock and roll because Beethoven and Mozart had already done the other thing. too late for that new thing, right? The new people get the new thing. And so occasionally you find a 30, 40, 50, 60 year old who will embrace the new idea, but it's like, what is it?

That's why Led Zeppelin, you know, they picked up electric guitars and they played rock and roll because Beethoven and Mozart had already done the other thing. too late for that new thing, right? The new people get the new thing. And so occasionally you find a 30, 40, 50, 60 year old who will embrace the new idea, but it's like, what is it?

You have to be profoundly, you know, intellectually curious, right? Larry Fink is. That's why BlackRock is going to make a fortune on this. Or you have to be desperate, frustrated, nothing to lose. I mean, the truth is I'd characterize myself that way in 2020. It's like the stock is like $6 a share enterprise value. The company's enterprise value is $6 a share.

You have to be profoundly, you know, intellectually curious, right? Larry Fink is. That's why BlackRock is going to make a fortune on this. Or you have to be desperate, frustrated, nothing to lose. I mean, the truth is I'd characterize myself that way in 2020. It's like the stock is like $6 a share enterprise value. The company's enterprise value is $6 a share.

And my choice is sell the company and retire forever. or take a risk and open my mind. And I remember I'm sitting at my pool side next to my friend, Eric Weiss, and it's March and the lockdowns hit and interest rates go to zero and, you know, and the stock market's crashing and, you know, and all hell is breaking loose. And I say, so tell me about that Bitcoin thing again.

And my choice is sell the company and retire forever. or take a risk and open my mind. And I remember I'm sitting at my pool side next to my friend, Eric Weiss, and it's March and the lockdowns hit and interest rates go to zero and, you know, and the stock market's crashing and, you know, and all hell is breaking loose. And I say, so tell me about that Bitcoin thing again.

It's like, so that's what you'll find when, you know, you look at people and they're one or the other, but it takes a while for a paradigm shift. You know, you got to really need it or want it. And that's why it's an exponential process.

It's like, so that's what you'll find when, you know, you look at people and they're one or the other, but it takes a while for a paradigm shift. You know, you got to really need it or want it. And that's why it's an exponential process.

So you're sitting there in 2020 and he said, tell me about that Bitcoin again with Eric Weiss.

So you're sitting there in 2020 and he said, tell me about that Bitcoin again with Eric Weiss.

Yeah.

Yeah.

And then from the moment he told you, what was your step process of researching? Was it an all nighter till four o'clock in the morning? You sat up, you're like, I can't believe this is what's going on. Were you calling friends? Were you doing research? What was your process?

And then from the moment he told you, what was your step process of researching? Was it an all nighter till four o'clock in the morning? You sat up, you're like, I can't believe this is what's going on. Were you calling friends? Were you doing research? What was your process?

I said, give me the five most, the top influencers on the internet on Bitcoin. He gave me a list of people. Then I went and I watched all their YouTube podcasts. Then I went and I read all their books. I read the Bitcoin Standard. I read Andreas Antonopoulos' books on Bitcoin. I watched the debates between Eric Voorhees and Peter Schiff on Bitcoin.

I said, give me the five most, the top influencers on the internet on Bitcoin. He gave me a list of people. Then I went and I watched all their YouTube podcasts. Then I went and I read all their books. I read the Bitcoin Standard. I read Andreas Antonopoulos' books on Bitcoin. I watched the debates between Eric Voorhees and Peter Schiff on Bitcoin.

And once I got through all that and I had done a deep think, Then I started going in execution mode. How do I get an account? How do I buy this stuff? KYC me, set me up. And then after that, it's like massive education with my company too. Partly it was a personal track. What am I going to do? And partly is, where am I going to take my company? And that became...

And once I got through all that and I had done a deep think, Then I started going in execution mode. How do I get an account? How do I buy this stuff? KYC me, set me up. And then after that, it's like massive education with my company too. Partly it was a personal track. What am I going to do? And partly is, where am I going to take my company? And that became...