Michael Saylor

It's like, you know, I want to sell you insurance against slip and fall on a sidewalk.

It'll cost you 1% of all your wealth.

It's only 0.01% likely to happen.

But, you know, I'm going to if I can sell you 100 micro insurance policies, then I take 100% of your money and I insure you against 1% of the risk.

And so the real issue here is how should one react to a hypothetical threat?

When and how much expense should you incur?

Because, yeah, hypothetically, there might be a quantum computer and hypothetically, it might be a risk.

And if so, you might need to do something.

And then the question is, what is the something and how fast should you do it?

And if you rush the cure now, you know, you guys know the word iatrogenic?

Iatrogenic is a word you should know.

I get it was made famous by Nicholas Taleb.

Yeah, that seems like a Taleb word.

When the cure is worse than the disease.

Hmm.

OK, the world is full of iatrogenic solutions to hypothetical problems or theoretical problems.

And generally, most civilizations fail because they get rich and successful and arrogant.

And then the people that run them start to react to hypothetical problems in an iatrogenic fashion such that they inflict more damage on the civilization than the hypothetical risk.

It's like over-insuring.

You become a hypochondriac.