Make 2 or 3 good investment decisions a year max
Buy irrational panic on quality assets
Occasionally harvest euphoria
Ignore the charts in between.
Rest of your time build family, work your craft, and max out vitamin D levels
Also oysters.
Most people overlook this part.
Slug loads of oysters whenever the opportunity arises.
+ Une bouteille de Chablis
Finish with beef tartare for optimal results.
Do this and you cannot fail.
If you want to understand what Saylor just did, don’t think like a trader. Think like Tigran Petrosian.
Petrosian was the world chess champion nobody could beat because he mastered the positional sacrifice.
Petrosian would give up material a rook for a knight in ways that baffled spectators. It looked passive. Even weak.
But he wasn’t attacking. He was removing every weakness from his position until his opponent had nothing to target.
Then he’d win slowly, inevitably.
Saylor selling 1,690 BTC to defend STRC is a Petrosian move.
The crowd sees “he sold Bitcoin, the thesis is cracking.”
Petrosian would see it differently: sacrifice a sliver of material to make the whole position unbreakable.
The Bitcoin stack isn’t the king. It’s the material.
The king is the capital structure, the financing engine that lets him acquire Bitcoin at scale. Protect that, and you keep playing. Lose it, and the game ends.
He gave up a pawn’s worth of BTC to fortify the credit that keeps him in the game.
Petrosian’s philosophy: “First, make yourself impossible to beat. The win comes later.”
That’s the entire Saylor playbook.
Build a position no Bitcoin drawdown can crack. Survive every cycle. Compound through all of them.
The move looks like weakness to the crowd. The grandmaster knows it’s the point of the whole game. ♟️
Would you bet EVERYTHING on one idea?
Michael Saylor did.
Michael is a technology entrepreneur and the founder of the company now called Strategy. Long before Bitcoin, he built businesses in business intelligence, speech recognition and smart-home technology. Today, he is probably best known for turning his company into the world’s largest corporate holder of Bitcoin.
In 2020, his company was worth around $600 million when he made what I described to him as an “early, very contrarian bet on Bitcoin”. At its peak, the company reached roughly $125 billion.
I wanted to understand what Michael saw that almost everyone else didn’t, where that level of conviction comes from, and why his thinking goes far beyond Bitcoin.
We discussed things like:
- How he says AI helped him create $15 billion last year.
- Why he believes buying a house might not be the best way to build wealth.
- What he would study if he was 18 today.
- Which careers AI could completely transform.
- What is happening to the value of the money sitting in your bank.
- Why he still has such enormous conviction in Bitcoin.
Michael’s whole point is that technology, money and careers are not separate conversations.
He sees them as connected parts of where the world is heading, and believes the decisions we make now could matter far more than most people realise.
Even if you see the world differently to Michael, there is a lot to take from the way he thinks. His experience building technology companies, making enormous financial bets and thinking deeply about AI gives him a perspective on money, work and the future that is worth listening to.
Out now on all platforms. Let me know what you think of this one in the comments ❤️👊🏾
Our ambition is to be the world's largest company by market cap by owning the most capital $BTC, issuing the strongest credit $STRC, and creating the best equity $MSTR.
@asjwebley "What we can control is the quality of our execution. If the next phase of Bitcoin's journey is approaching, our objective is simple: to ensure that Smarter Web is ready".
BULLISH