Michael Saylor
speaker
2,284 appearances
6 recordings
5 series
first heard Nov 2024
last heard 14 Jun
Michael Saylor’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.
Appearances
It won't always be like that, knock on wood, but the bottom line is we discovered Stretch.
after a five-year journey in the credit market.
And we didn't know for sure it was going to be a screaming home run.
It was just the fourth thing we had done in the preferred area.
And then, you know, we thought it'd be a $500 million IPO.
And then it was a billion.
There was a two and a half billion.
And like in three days, you know, there's the market telling us and, you know, and, you know, then we put the ATM on it and we didn't know how popular it'd be, but
In hindsight, it's pretty obvious.
People just want pure yield, right?
That's what they want.
Everything else in the credit market, people are reaching for yield.
Like the reason I buy a 20-year bond or the reason I buy a convertible bond or the reason I buy a municipal bond or the reason I buy anything is because the money market is so uncompelling.
It's 370 basis points taxable.
You're getting 200 basis points after tax.
And the entire world is trying to figure out how do I get more than 2% after tax?
And I got to go through, jump through these hoops and hold all these other complicated instruments to get there.
We just found a way to create that without all those complications.
This is asset-backed credit.
So let's just think about the theory of asset-backed credit.
Showing 1041–1060 of 2,284 · page 53 of 115
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