listening & learning from nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m (thank you!)

13 leadership habits that actually work:

1) be yourself (authenticity can't be faked)

2) be committed to excellence (no shortcuts)

3) be positive (hardest during startup/tech building)

4) be prepared (luck = preparation meeting opportunity)

5) be detail-oriented (small things like tucked shirts build pride)

6) be organized (systems matter)

7) be accountable (no excuses)

8) be near + farsighted (near is easy, far is hard)

9) be fair (consistency builds trust)

10) be firm (boundaries create clarity)

11) be flexible (adapt or die)

12) believe in yourself (confidence is contagious)

13) be a leader (show > tell)

10 leadership mistakes that kill companies:

1) paralyzing patience (action beats perfection)

2) extreme delegation (too much/too little)

3) playing favorites (kills culture)

4) excessive socializing (blurs boundaries)

5) neglecting longtime staff reviews (early employees need most pressure)

6) avoiding hiring decisions (team quality = everything)

7) delegating core duties (leadership can't be outsourced)

8) dodging accountability (blame game = death)

9) creating comfort zones (tension drives growth)

10) weak standards (high bars build pride)

6 timeless leadership principles from patton:

1) praise beats blame

2) clear expectations win

3) discipline = pride + details + respect

4) lead by voice + example

5) show up at the front

6) don't overload juniors

the secret: doing simple things consistently beats doing complex things occasionally

source video: https://www.youtube.com/watch?v=Re8oR_BEzr4

https://youtube.com/live/d5goLoJOYz0?feature=share

People are currently infatuated with Micro Strategy / MSTR "because it is a 1.5 leverage play on bitcoin", and are in (deserved) admiration of nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m for beating the S&P 500 so convincingly.

I know people close to me who have worked hard and saved bitcoin, but are now being tempted to exchange BTC for MSTR, spurred on by influencers like American nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs (I'm a fan) and his latest strong endorsement.

But, MSTR is nothing like BTC. You sell 1 BTC and buy the equivalent value MSTR. You now own a security that is holding ~0.35 BTC on your behalf. The 'BTC yield' isn't yield on your 1 BTC. It is growing the 0.35 BTC up a little higher each year, but nowhere near the original 1 BTC you had.

Yes, I understand Micro Strategy is offering a service that is of value "like an oil company" (see latest Micro Strategy Earnings Call) and therefore trades at a premium. But this is pure speculation just like buying any other company share. The calculation is whether MSTR will generate more value with his company on the 0.65 BTC (the non-BTC treasury part of your 1 BTC investment) than holding the 0.65 BTC would. And in Saylor's own words about other companies, that means MSTR needs to compound more than 29% a year going forwards in terms of company value. That's quite a hurdle - one that very few companies in history have achieved over the long term.

There are good arguments on both sides regarding MSTR, the value the company provides and therefore its premium.

BUT BEFORE SELLING THE SCARCEST FINANCIAL ASSET on earth, one with no counterparty or company director risk, for a speculative asset, one should just THINK VERY HARD.

You may never be able to get the BTC you sold back again.

(disclaimer: I hold both BTC and MSTR - but MSTR only where I can't hold BTC)