Michael Saylor

It's like, well, you know, like your three-year-old might hypothetically get this disease when they're age 57.

So why don't we just go ahead and vaccinate them out of abundance of caution right now?

I think that the thing to always keep in mind, you know, you guys remember the Hitchhiker's Guide to the Galaxy?

Oh, yeah.

What's on the back of the book?

Don't panic.

Don't panic.

I think that... By the way, that was Douglas Adams, and that was, what, 50, 40 years ago?

Very good words.

It's okay to consider all these things.

It's okay to even study them and think them through.

I think that the real...

the real mistake, the fatal mistake to avoid is panicking.

And panicking means rushing into a cure for a hypothetical disease before you really understand the nature of the threat and the proximity of the threat.

Because, and Nicholas Taleb makes this point a lot, you know, it's like

The side effects on a vaccine, you know, it's like, oh, the vaccine creates awful side effects to 1% of the people that take it.

The likelihood you'll get the disease is 0.01%.

You know, it's like if you rush into every cure and every treatment, you over-vaccinate.

And Robert F. Kennedy made this point very articulately not so long ago.

I think that with insurance, it's the same thing.