President & CEO at Strategy (formerly MicroStrategy)
Different people want different return and risk. If you strap public securities to Bitcoin they tend to perform better. Equity has higher return and volatility. Debt and hybrids have lower return and volatility. Preferreds sit in the middle, so they fit many profiles from Robinhood millennials to retirees who want income.
This answer is part of a full interview with Phong Lee, President & CEO at Strategy (formerly MicroStrategy).
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