Michael Saylor
Person
Michael Saylor is an American entrepreneur and business executive. He is best known as the co-founder and former CEO of MicroStrategy, a company providing business intelligence, mobile software, and cloud-based services. He is also a prominent advocate for Bitcoin.
What Michael Saylor has said on podcasts
50 statements
Entrepreneurs should ask AI to create novel solutions rather than outwork robots.
“What you want to do is ask the AI to do something that's never been done before.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 0:12
Bitcoin will be the best long-term capital asset.
“it's going to be the best long term capital asset”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 0:36
Bitcoin can transfer one million dollars globally within seconds.
“I could move a million dollars of bitcoin from here to anywhere, to London to anywhere in cyberspace in a few seconds.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:02
Bitcoin has recently appreciated faster annually than gold.
“Gold is up 12% a year, but Bitcoin is up 33.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:16
Bitcoin will outperform the S&P 500 by approximately two times.
“You're going to get double the performance from BTC that you would get from like the S and P index.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:21
Bitcoin private keys can protect monetary ownership from more powerful parties.
“you basically encrypt the money, put it in cyberspace, protect it with a private key.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 4:27
The US dollar lost approximately 7% of its economic value annually over a century.
“the US dollar lost 7% of its value every year going for 100 years.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 8:59
The average fiat currency collapses after roughly 29 years.
“The average fiat currency collapses in about 29 years, I think.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 9:49
Wealth preservation requires acquiring scarce, desirable property.
“if you're trying to preserve your wealth, you have to acquire scarce desirable property.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 10:29
Florida houses face approximately 2% annual property taxes.
“there's a 2% property tax on houses in Florida”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 10:49
Commercial real estate can appreciate approximately 7% annually after rent offsets expenses.
“the underlying million dollars appreciates 7% a year, every year.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 11:43
Commercial real estate is generally a better wealth-building strategy than residential property.
“a better idea generally is commercial real estate.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 12:47
Bitcoin is presented as an asset capable of appreciating 15% annually.
“an asset which appreciates in value 15% a year”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 13:51
Investors seeking conventional wealth preservation should buy an S&P 500 index fund.
“I just buy the S and P index.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 15:03
Investors should avoid assets that factories, robots, or AI can produce abundantly.
“Don't invest in things that a factory or a robot or an AI can generate.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 16:25
Investors should favor scarce assets that automation cannot mass-produce.
“buy things that the robots and the AIs and the big factories cannot pump out by the million gallons.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 16:32
Autonomous vehicles will drive themselves.
“Cars are going to drive themselves.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 18:10
Robots will eventually perform essentially unlimited amounts of work.
“the robots will do any amount of work.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 21:06
AI and robotics will make utilitarian consumer goods abundant.
“consumer goods, consumables, utilitarian goods will become abundant.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 22:37
Scarce desirable luxury goods will remain limited despite technological abundance.
“there are always going to be scarce, desirable goods that will not become abundant.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 22:43
Money will remain relevant despite cheaper basic goods and services.
“money's not going away.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 26:24
AI-driven labor disruption will produce political unrest.
“There'll be dislocation, there's going to be political unrest.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 27:36
Freer societies will generate thousands of new businesses and employment opportunities after technological disruption.
“in a more free society, you're going to have 10,000 new kinds of businesses pop up or 100,000 new business opportunities”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 29:01
Saylor says AI helped create $15 billion through an unprecedented financing approach.
“I used an AI to make $15 billion in a way that no one would ever conceive”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 33:10
MicroStrategy needed a novel security to finance additional Bitcoin purchases.
“we needed to invent a new type of security, a new type of credit instrument”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 33:58
ChatGPT can help design a variable-dividend preferred stock.
“can we do it? Like, of course you can do it.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 36:50
Entrepreneurs should learn and use one or more AI tools.
“you definitely should pick one or more of these AIs”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 38:14
Effective AI entrepreneurship still requires domain expertise.
“you do need to have some domain expertise in something”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 38:34
Students risk poor career choices by entering fields at the end of their growth curve.
“The mistake to make when you go to school is you get at the end of the S curve”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 40:58
AI-connected smart glasses can eventually perceive users’ visual and auditory environments.
“can I create smart glasses where I have something that's like my Maui Jim sunglasses? I put them on, they weigh nothing, and they have the camera and they see what I see and they hear what I hear”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 42:56
Students should avoid specializing in tasks AI can already perform.
“you don't want to learn how to do things that AI can do.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 45:48
Creating value requires introducing something previously absent.
“The way you create value in the world is you bring something into the world that wasn't here before.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 46:30
Content creators should study digital distribution channels.
“my advice would be study digital channels.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 48:36
The strongest content moat will be highly talented, broadly desired content.
“The moat's going to be the most talented content, the person creating the best stuff that everybody wants to see.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 50:38
New technology opportunities typically have a 12-to-24-month window for breakout success.
“that window is like 12 to 24 months.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 54:20
Entrepreneurs usually need at least four years to achieve success.
“If you're successful in less than four years, you got lucky.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:03:10
A 12-month technological lead can create a lasting competitive advantage.
“you're 12 months ahead of everybody”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:05:34
Businesses should become exceptional in one focused area rather than mediocre broadly.
“You want to be exceptional in one area”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:07:32
Dilutive distractions and expansions cause many businesses to fail.
“The phenomenon that causes most businesses to fail, it's dilutive distractions or where it's dilutive expansions.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:09:39
Building adjacent offerings on existing strengths produces more stable growth.
“if you're thinking your growth strategy is to build on a foundation of something you already had and extend its functionality in a natural fashion, that's natural, stable growth.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:14:09
People’s character and outcomes are influenced by the people surrounding them.
“you become who you surround yourself with.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:19:19
MicroStrategy would remain overcollateralized if Bitcoin fell to $5,000.
“if bitcoin could fall to $5,000 a coin, we would still be over collateralized against the debt.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:24:19
Bitcoin is the best long-term investment among listed capital assets.
“I think that bitcoin is the best”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:25:48
MicroStrategy should sell Bitcoin if its stock trades below the value of its Bitcoin assets.
“if the common stock ever sells at a discount or trades at a discount to the bitcoin assets, then you sell bitcoin in order to protect the common stock.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:30:35
Bitcoin will appreciate 30% annually for 20 years, then approximately 20% annually.
“I think it appreciates about 30% a year for the next 20 years. Right. And then it'll slow down to being appreciated about 20% a year.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:30:50
Bitcoin will outperform the S&P 500 by 1.5 to 2 times.
“I think it outperforms the S and P index by a factor of, of 1.5 to 2.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:31:07
People needing their money within 12 weeks should not buy Bitcoin.
“The people that shouldn't buy it are people that need the money back in 12 weeks.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:31:52
People should pay for a premium AI subscription before investing surplus capital.
“you should definitely spend money necessary to get the Super Grock or the Pro, the Professional Edition”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:32:43
People should read Taleb’s books and study applied statistics.
“anybody that hasn't read all of those books probably ought to go read those books and obsess over applied statistics.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:34:50
Every historical currency has experienced debasement.
“every currency, everywhere in history has been debased.”
Open the episode · Top Bitcoin Holder: Ask AI To Do THIS, Stop Trying To Out-Work The Robots! | Michael SaylorListen at 1:36:56
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
