4min chapter

My First Million cover image

#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope

My First Million

CHAPTER

The Problem Is the Cost of Capital

Every company has capital in its treasury that must yield the cost of capital. If it doesn't, you're destroying shareholder value. The only thing you can buy is going to be a high te stock that's growing. You need to buy a tech monopoly that can grow 20 or 25 % a year. Wehave asset inflation within minutes when central bank decides to si the economy.

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