Here are the top 10 worst days in S&P 500 🇺🇸 history
October 19th, 1987: -20.5%🔴 October 28th, 1929: -12.3%🔴 March 16th, 2020: -12%🔴 October 29th, 1929: -10.2%🔴 November 6th, 1929: -9.9%🔴 March 12th, 2020: -9.5%🔴 October 18th, 1937: -9.3%🔴 October 15th, 2008: -9%🔴 December 1st, 2008: -8.9%🔴 July 20th, 1933: -8.9%🔴
- be Michael Saylor - kid grows up on US Air Force bases - military family - smart as hell in school, gets to MIT - can’t become a pilot because of a heart issue - ends up going into software instead - 1989: starts MicroStrategy at 24 - builds tools for companies to understand their data - lands a huge McDonald’s deal in the 90s - gets rich fast in the dotcom boom - 1998: company goes public - stock explodes - Saylor becomes a billionaire overnight - then 2000 hits - accounting mess, SEC case, stock nukes - loses $6B in one day - settles, survives, stays in charge - patents, business software, stays in tech - 2012: writes a book predicting the mobile + cloud world - then 2020 changes everything - looks at cash and says “this is dying” - discovers Bitcoin - August 2020: starts buying BTC with company treasury - first CEO to do it at full scale - keeps buying through every dip - MicroStrategy becomes a Bitcoin vehicle - 2022 steps down as CEO, stays as chairman - only job now: buy more Bitcoin - 2025 rebrands company into “Strategy” - by 2026: holds 700k+ BTC - biggest corporate stash on earth - never sells, just accumulates - becomes the face of institutional Bitcoin - now losing $10,100,000,000 - still buying BTC - For now $MSTR
The most uncomfortable reality of crypto investing 10% loss → +11% to break even 20% loss → +25% 30% loss → +43% 40% loss → +67% 50% loss → +100% 60% loss → +150% 70% loss → +233% 80% loss → +400% 90% loss → +900% 97% loss → +3,233% 98% loss → +4,900% 99% loss → +9,900% always invest wisely Diversify in stocks and precious metals