> What makes Saylor so dangerous to investors is that he is sincere. Though he was cited for fraud by the SEC, Saylor is not a con man. He genuinely believes in his vision, his own version of reality. When another member of his generation of entrepreneurial millionaires joked to Saylor in a social setting that "you cost me a lot of money," the response, Leibovich reports, was something like "not as much as it cost me." Not once in hours of interviews, Leibovich says, did Saylor express remorse about how much the collapse of MicroStrategy stock cost investors who bought the shares because they bought into Saylor's "vision."
2022 has echoes of 2002.