Michael Saylor teaches you how to be a HODLer, accurately predicts Apple stock price, already earning 250 times profit
MicroStrategy founder Michael Saylor is a well-known Bitcoin evangelist and HODLer. Recently, a video of his speech from 2012 has been circulating on Twitter, where he expressed bullish views on Apple at the time and called anyone selling that stock an idiot! Based on the price of Apple at that time and the cost after the stock split, holding it until now would have resulted in nearly a 250-fold profit.
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Saylor's Reasons for Being Bullish on Apple
In his speech, Saylor mentioned a dinner he had with another successful businessperson, where they spent a significant amount of time using Apple iPhones. They discussed Apple's profit margins and whether it would follow the same path as personal computers, declining in the face of competitors and industry maturity. Saylor used the example of French luxury brand LV, whose high-priced handbags maintain their profit margins and prices. The iPhone falls somewhere between jewelry and technology, and it can be sold to you every two years.
Saylor also emphasized the importance of having one's own ideas to succeed. I believe that Saylor's HODL strategy is also a consistent and important principle and idea for him!
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