ERIC KIM.

  • The Pursuit of Perfection

    Certainly we already know that “perfect” doesn’t exist, but I think the constant pursuit of forever perfect perfection is a good one?

    LEXUS GOALS

    I think the motto of Lexus is the pursuit of perfection. And it is super interesting because Toyota Lexus is like perhaps the best notion of Kaizen, applied to our everyday reality.

    For example, in the early days… Japanese cars were seen as very very unreliable subpar. Nobody wanted a Japanese car, let alone a Toyota or Honda. But she through diligence, constant consideration, maybe after like 30 or 40 years in the game, then Toyota now has the bedrock Idea that a Toyota is inherently reliable and good.

    Even the nut job Alex Jones, who I think most people think of like some sort of extreme right wing conspiracy theorist, even he himself says that he has a Toyota pick up truck, and they are designed an engine engineered to last forever.

    Lexus is interesting because I think I actually… Average person doesn’t know that Alexey is just a Toyota on steroids. Toyota was very wise in creating a new luxury brand of Lexus, with rappers like Jay-Z and Eminem wrapping about its virtues.

    Even in today’s world, upon deep consideration, and I think about this a lot, as of right now I’d still do probably believe that Lexus is born on the best automobile vehicle on the road. Certainly Toyota is also a heavyweight, but if you want better noise isolation and refinement, And assuming the money is not an option, then Lexus is your best bet. It’s like if you took all the reliability of a Toyota, and then improve the handling, noise isolation, comfort, quality of materials… It is like 1 trillion times nicer than any other vehicle.

    Even I was shocked, at Newport Beach at the Lexus experience center I just jumped into a random Lexus car, and I was shocked that the quality of the interior materials is like 1 billion times nicer than any Tesla car. Certainly the Tesla is the more innovative interesting car, but I think you just want The best car, a Lexus hybrid is still probably your best bet. The new Lexus ES looks phenomenal, and I’m sure the new Lexus LS will look mind blowing.

    If I was a yakuza leader, or some mafia Dan, it still makes sense to just get like an all white Lexus LS hybrid. Maximum Braun and luxury, comfort, and also the best MPG’s. Even if you have an unlimited budget, Alexey LS Hybrid is still probably superior to a Bentley, Rolls-Royce, simply from the MPG angle; because nobody wants to waste time having to fill up their tank all the time.

    Also why Hybrid over electric?

    I love electric cars but they make me feel a little carsick? Hybrid cars or gas cars, feel more steady?

    And also once again, if we aim for practicality, even in California, you do not want an all electric car. Too much of a hassle when you’re dealing with road trips, you don’t want to be chained to an electric charging super charger station.

    And still, it’s either Tesla or nothing when it comes to electric cars. I don’t think anybody should ever buy a non-Tesla electric car. Simply because of the infrastructure.

    Weight lifting

    Just hit a new personal record in my rack pool, an impressive 1010 pounds! The simple secret: using a weightlifting dip belt comma and using a chain or a strong nylon attachment to wrap around the bar, to give you additional leverage, effectively transforming the rock pool into like an elevated hip thrust lift?

    And what’s super interesting about this approach is that there’s almost like no strain on any of your joints and ligaments? It’s like the ultimate leveraged lift, with like practically zero chance of injury?

    I’m actually quite certain that if I continue training, I’ll be able to do a 2000 pound version of this in the future?

    Anyways, weightlifting has been an interesting journey for me because when I started off at like 12 years old, being a fat kid from Bayside Queens, running around with rocks in my backpack like my friend Spencer dearly remembers, and then getting some dumbbells, lifting weights, and becoming the strongest of my friends. Also a good ideas when I figure out that I could stack two dumbbells on top of one, to even increase the weight. I first recall doing this with two 25 pound dumbbells, effectively transforming the dumbbell into a 50 pounder. 

    Anyways, I’ve been through a lot of different techniques, starting off bodybuilding, strength training, one rep Max powerlifting, innovating my hype lifting concept, and now, Even discovered something even more new and innovative?

    Essentially the simple idea is that you want to be creative and intelligently increase your leverage, to be able to reduce your range of motion, use the strongest part of your body to lift the maximum amount of weight.

    So generally speaking, I think for most humans, our strongest lever or fulcrum or part of our body is our hips. I think you be strap on a weightlifting belt to any human, and simply suspended a heavy weight in between their legs, most people will probably do the best lifting the weight with their Hips! In fact there are these new weightlifting machines which are optimized to do that. Only reason I don’t think they have gone mainstream is that the machines are fringe products, and it hasn’t simply had enough exposure?

    And also the problem about most American weightlifters, is that they are all now addicted to social media Instagram etc. And the big problem about this is once again, like 100% of these guys are on steroids, and everyone is trying to put on a show to impress others, but the reason why this is foolish is that it prevents people from innovating because they are trying to simply just do what everyone else do, ironically enough even though America is supposed to scene as the country of innovation, most people are sheeple.

    Why simple heuristic is this: trust no weightlifter who is on Instagram.  Why? There is a hidden incentive to maximize their sensationalism which will eventually probably lead them to taking some sort of weird drugs.

    Maybe this is also where it is wise to not trust any sort of buff guys who are in Hollywood movies because once again because they’re livelihood depends on it, they’re obviously all going to take steroids to look super jacked on the big screen.

    Finances

    So it seems pretty obvious now that bitcoin is like money perfected. It is not gold because you cannot magically transport gold on the cloud, you cannot walk through an airport security TSA scanner with a brick of gold in your pocket. But you could have millions of dollars in bitcoin, in your metaphorical wallet.

    Bitcoin is the new financial game?

    He who dies with the most bitcoin shall win.

    The family with the most bitcoin in their war chest shall prosper.

    The nation state with the most bitcoin in her reserves shall remain the most dominant.

    Currently even now, we are all still thinking in US dollars. Why? It is like the new universal metric.

    But, the end of the day, I thought you always want to have for yourself at the end of the year is this:

    Do I have more bitcoin at the end of the year than I had the beginning of the year? 

    It’s very exciting, Coinbase has now allowed you to essentially loan mortgage your bitcoin up to $1 million, so like roughly if you have 20 bitcoins, you could get around $900,000, ideally taking that cash to buy MSTR stock, or MSTR derivatives like MSTU, which actually outperform bitcoin, and then you could leverage your MSTR positions to enrich in yourself and your family, and also, buy more bitcoin.

    I think like 20 or 30 years from now, there will be less talk about like what is your net worth, as denominated in US dollars. But rather,

    “How many bitcoin do you own?”

    Any and every bitcoin Max knows the first rule of bitcoin:

    Never sell your bitcoin.

    But then, using this as a creative constraint, provide lots of different opportunities like once again, these crypto back mortgages, to essentially not have to sell your bitcoin, but essentially mortgage out as collateral, which is a very intelligent idea because essentially you’re putting your bitcoin to work.

    I think for myself, the simple way I think about it is like you bought a plot of land in Manhattan like eight years ago, and now finally, all these people are starting to know that Manhattan is like the most valuable real estate on the planet. As a consequence, People want some of your land, and are offering you some sort of new financial products.

    The tricky thing here though is analogies are not perfect because if you think about things from first principles, bitcoin is like categorically different than anything we human have come up before.

    For example we could use analogies that like bitcoin is digital gold, or digital real estate or whatever, but these analogies are also imperfect because it is so much more.

    I think the reason why I love bitcoin so much is that the more I think about bitcoin, the more interesting it becomes. Isn’t this ultimate goal? 

    ERIC

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  • A reminder you’re part of the world!

    Man vs Woman

    Man seeks performance, woman seeks stability, stability, security

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    More resources, more power!

    Stability, security –> closer to the ground!

    I don’t need a performance car!

    Sedan > SUV

    Bearish on Tesla?

    I’m the biggest Elon Musk fan boy that I know… And even I don’t want a Tesla?

    Even myself, I’m more like Jay Z–> I’d prefer a Lexus sedan any day over a Tesla?

    The new Lexus ES looks insanely cool and great! Also,, super interesting ,,, available both as hybrid and or fully electric? To me this is true kaizen innovation!

    LEXUS GOALS

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    $84B!

    84*2

    $168B next

    My appetite for risk is going up?

    400% potential client. Schwab.

    Sab 131

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    Kanye for artistic empowerment, Michael Saylor for Economic empowerment?

  • New extreme limits

    2027: 42 + 42 billion

    Fixed income

    $21B ATM program

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    Accretive, value accretive

    Disciplined leverage

    $84B

    BTC GAIN

    $5.8B BTC dollar gain

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    BTC YIELD 25% increase

    $10B–>$15b

    Scale of our strategy

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    Never stop purchasing (Bitcoin)!

    Big idea,,, because in the past, having more physical stuff meant more physical stress. Now,,, because cyber capital weighs nothing,,, more is always better!

    More bitcoin is always more better!

    .

    Tremendous unlock!

    Most liquid. High performing

    Permanent capital

    No collateral

    BMAX

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    High performance MSTR bitcoin leverage

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    Michael got a haircut!

    13,000 institutions holding MSTR

    vanguard, black rock, fidelity

    NPS Korea

    814,000 retail accounts
    Norway sovereign wealth fund

    Norges bank

    55 million beneficiaries

    .

    More mega ambitious!!!

    1000 + 1000

    Without share holder dilution

    BTC ARR

    BTC RISK

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    Hurdle rates. Break even rates

    Just barbell it!

    Skeptic

    Trader 10%

    Investor : 20%

    Maximalist: 30%

    Double maxi : 40%

    Triple maxi: 50%!

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    29% ARR on average for 21 years

    Next 5-10 years … 40% gain

    50% ARR possible! ***

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    MSTR RATE

    Volatility HIGHER than SP, BTC

    .

    just sell that volatility!

    MSTR RATE **-> simple annualized rate, sell call options, 103% simple annual yield

    .

    Nasdaq 100: QQQ

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    Magnetic

    Tax free, offshore vol trader,,, zero income tax environment, Dubai… can get into 200% or more annual yield! –> globally interesting to traders

    Credibility

    Volatile yet DURABLE business!

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    Why strip away the volatility?

    Volatility engine .,, furnace, reactor, power plant !

    Bitcoin crypto power plant , nuclear power plant last long time!

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    50% spread, accretive

    BTC GAIN

    $100M, 526 bitcoin gain , $50M bitcoin

    .

    STRF: leverage getting greater!

    STRF: $100M Not diluting common stock

    $100M, 1,053 Bitcoin

    .19% yield

    Think 10 years

    30% ARR forecast,

    Year 10–> create lots of income !

    10 years

    BTC $ income

    Create new metrics

    How much value is created?

    $689M gain from $100 M investment

    50% ARR

    BTC TORQUE

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    6.9x return on capital

    Torque is LEVERAGE

    how to outperform?

    501kg, 502kg, 503kg?

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    BTC Multiple : total BTC net asset value

    $100M equity –> $50M is gain

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    13x in 10 years!

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    Degree of impact

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    Drive up the price of MSTR

    outperform BTC

    INCREASE THE MNAV

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    Raising Capital at high spread at FASTEST POSSIBLE RATE

    BTC Torque or 8.9x

    How to increase the torque?

    PLAID TORQUE!

    Weight lifting TORQUE

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    STRK: 10.4x BTC Torque

    How to increase your BTC torque?

    4.1x BTC multiple, mnav

    .

    Why women cannot make earth shattering investors or maximalists

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    STRF: 12.8x BTC Torque.. 13.8x BTC Multiple

    STRIFE IS GREAT!

    No strife no life? ***

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    1.3B gain from

    1x mNAV, no torque!

    How to generate torque?

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    Get the engine going, STRF, 56.7x triple maxi!

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    3x mnav

    Increase the mnav good idea!

    38.4x, MSTR equity ATM

    Convertible notes. 43.9x

    Women are not greedy, man is.

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    Strife doesn’t really care

    Strike. Strife as children

    Hurdle rate

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    The most interesting thing in the financial universe?

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    5x mnav

    De-risk company with MORE mnav! ***

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    De- risk!

    New lenses, for investing!

    It’s all an investment decision?

    Laser eyes!

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    Compliance

    Not allowed to buy BTC

    CANNOT buy ETF

    UK: can buy MSTR not BTC

    Compliance —> ! Can

    .

    Credit advantage

    Margin loans on BTC.?

    Margin loan on MSTR —> margin credit ***

    Margin? Trading on margin?

    No cash down, $100M Of MSTR, borrow against it, margin it…

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    Borrow money on left,,, Fannie Mae

    Cash on right side,,, offer less 20 years to get the cash!

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    Finance a Bitcoin

    BTC Not being financed ?

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    Higher MSTR rate, deeper richer option market

    Why 60%, 100%!

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    Volatility —> option markets —> attracts capital

    MSTY, iMST—> sell the volatility , annual yields —> monetize

    3.1B$ in MSTY, $40M for iMST

    Attracting capital flows!

    MSTU..

    Monetize volatility

    Emerging ecosystem

    Most DURABLE, most CREDIBLE!volatile liquid

    Delta hedged

    Sell the covered calls?

    New class of arbitragers

    If you’re unique, you got a differentiator!

    BTC commodity

    BMAX—> ETF, access MSTR converts

    Bitcoin backed BONDS

    .

    80% exposure to MSTR convertible bonds

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    Uniqueness,

    $100,000

    Passive Capital flows

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    Look FAR AWAY ,,, far away from the screen!

    MSTR BRAND recognition & scale

    Obligated to buy securities

    History of commodities not good, gold not good.

    Slow dead asset

    .

    My prime broker

    Easily marginable

    Dominos pizza —> send pizza

    .

    Attention span

    Impedance.

    Strongest capital market , safest USA

    BMAX

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    PERPETUAL DIVIDEND, 10% dividend forever!

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    Timing ***

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    Extremely accretive!

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    $2M in Bitcoin

    $700k + 700k ($1.4M)

    ,

    BTC yield into PERPETUITY

    $3.4M—>

    .

    Keep levering up?

    10x over collateralized?

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    Reasonably doing this FOREVER

    USD YIELD $

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    Always swap BTC yield, for USD yield, capture the spread!

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    Long term BTC YIELD

    Drive up the stock price to the max

    20 year Amazon

    Full potential

    Seek the mnav UP!

    Attract capital from different places?

    .

    Winning is driving up the price of MSTR!

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    What’s the best environment for investors?

    0% ,,, BTC RISK

    Credit HURDLE rate

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    If I had myopia forever no glasses… how would I have pleasure in life?

    BTC is collateral! ***

    Investment grade

  • DEMIGOD POWER

    Video

    500 kg incoming!

    456 kilograms is approximately 1,005.31 pounds.

  • How to feel effing good

    First, if during the day you’re tired, just take a nap! Put all your devices away, in this separate room, force yourself to lie down close your eyes, and rest and sleep. Even if you cannot fall asleep, force yourself to just lie down for an hour and a half or so.

    If anything, a good strategy is turned on an alarm on your phone, for an hour and a half, 90 minutes… And you’re not allowed to get up on your bed until the 90 minutes is done.

    Get a deep tissue massage

    I have this interesting idea that actually, getting a deep tissue massage is like hormesis; a small dose of a stressor makes you stronger.

    I think also the secret is the massage must be strong enough that it actually does cause some low degree pain, try to push yourself to the 99% pain threshold limit, and the best way to ride through the pain is deep breathing.

    What’s interesting with that insanely strong deep tissue massage, is that you may feel the pain, but, it is a beneficial pain, not like a somebody chopping off your arm thing. As a consequence, I think of a deep tissue massage like a hard bodily physiology reset; all the money in the world is worth this.

    Also, plan the night prior; load up on beef ribs, bone marrow, demigod food. Aim for 2 to 3 kg of meat, and try to sleep insanely effing early –> like for example, start your “linner,” (lunch dinner) at like 230 or 3 PM, and try to fall asleep by like 530 or 6 PM.

    Spend infinite money to perfect your sleeping set up?

    This could be your bedding sheets, pillow, eye mask, your plugs etc. I personally have used the purple “hearos” brand, easily you could buy it on Amazon for like at least five or seven years, and for an eye mask, or a face mask for sleeping, I’ve actually found that the best solution is like a 100% fine Marino wool T-shirt that you could just drip over your eyes. I use my old outer.NYC merino wool T-shirts which are all ripped for this purpose.

    The day

    Ideally, the best strategies to be outside all day, if it’s too hot, where are the proper clothes, or if it’s too cold, also spend infinite amount of money for the proper amount of clothes.

    I think one of the big problems is that I did while living in LA is forcing myself to always kind of be a little bit underdressed. But perhaps a more intelligent strategy is to be overdressed. 

    For example, always pack extra clothes, you never know. And also, if you go to some sort of event, I think it is more impressive to be overdressed than underdressed,?

    Over is better than under.

    To keep things consistent, certainly better to be the overman than the Underman

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    American pride