Michael J. Saylor Quotes
I basically got an education in software on DuPont's money because they were too stubborn to admit that a recession was coming.
Saylor, Michael J. Interview. Inc., vol. 22, no. 13, 2000.
This is one of the worst economics assessments in the nation's history. Hoover had been a very successful business man prior to his government experience, but good business experience has not been a good predictor of Presidential success. See {633214} for more on this point.
Thailand had after several years of spectacular growth mainly do to foreign trade, the Thai bhat came under financial attack causing a major devaluation and an economic crisis which almost destroyed the Thai economy.
The military had made a mess of the Argentine economy and inflation was rampant. Some Argentines turned their Argentine pesos into dollars betting that the Argentine economic situation would get worse, This run from the peso would make it worse. If Argentina stabilized the peso, speculators in dollars would lose money. The Minister trying to discourage a run from the peso, warned Argentinians against the dollar investment. A days later the dollar went up over 30%. Those who had listened to the minister lost much of their money, He was soon forced to resign by the military dictators who controlled the government.
Major bankers were not only clueless in the Meltdown of 2008 and the Great Recession that followed, but they were equally hapless in the Market Crash of 1929 and the Great Depression thereafter.
Politicians and large political donors supporting the private campaign donation process tend to argue that businesses make contributions for patriotic and good government reasons and not as investments, but when business executives are asked by shareholders why they spend so much company money for campaign contributions, the inevitably respond that investing in campaign contributions provide a better return than most other investments. If they were so interested in good government they might spend more money on voter education.
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor has been granted 31 patents and has 9 additional applications under review.
