Disclosure
Last updated: June 2026
Welcome to I’d Rather Be Right.
This site is written by me, Nathan Perry. I am a tax attorney and investor. I write about Bitcoin, Strategy, Bitcoin treasury companies, preferred shares, public markets, portfolio construction, and capital allocation.
The goal of this site is to think clearly in public. The goal is not to promote any particular security, defend a tribe, or tell anyone what they should do with their money.
Not Investment, Legal, or Tax Advice
Nothing on this site is investment advice, legal advice, tax advice, accounting advice, or financial planning advice.
All posts are for informational and educational purposes only. They reflect my personal views at the time of publication. Those views may change as facts, prices, incentives, risks, market structures, or my own thinking change.
You should not make investment, tax, legal, or financial decisions based on anything written here without doing your own research and, where appropriate, consulting your own professional advisers.
Personal Holdings and Conflicts
I may own, buy, sell, or otherwise have economic exposure to securities, assets, or companies discussed on this site.
These may include, without limitation:
Bitcoin
Strategy / MSTR
Strategy preferred shares
Bitcoin treasury companies
Preferred shares or other securities issued by Bitcoin treasury companies
Other public companies, funds, or securities discussed on this site
I may change my positions at any time without notice. I am not obligated to update prior posts when my views or holdings change.
My writing may be influenced by the fact that I own or am interested in owning certain assets or securities. Readers should assume I may have a financial interest in anything I discuss.
No Recommendations
Mentioning a company, security, asset, preferred share, bond, option, fund, or strategy does not mean I am recommending that anyone buy, sell, hold, short, hedge, or otherwise transact in it.
A security or asset that makes sense for one investor may be entirely inappropriate for another. Age, income needs, tax situation, liquidity needs, risk tolerance, time horizon, debt, family obligations, and psychological ability to handle volatility all matter.
Bitcoin-era investing does not mean every portfolio should look the same.
Accuracy and Sources
I try to be accurate, fair, and clear. I also make mistakes.
Market data, company filings, prices, yields, capital structures, tax rules, and legal rules can change quickly. Any post may become outdated. You should verify important facts from original sources, including company filings, press releases, SEC documents, tax authorities, and other primary materials.
When I quote someone, I try to quote them accurately and provide sources where practical. When I paraphrase, analyze, or infer, that analysis is my own unless otherwise stated.
Risk
Investing involves risk, including the risk of permanent capital loss.
Bitcoin is volatile. Public equities are volatile. Preferred shares, convertible securities, debt instruments, leveraged strategies, and Bitcoin treasury companies can involve significant risks, including but not limited to:
Market price volatility
Liquidity risk
Leverage risk
Refinancing risk
Interest-rate risk
Credit risk
Regulatory risk
Tax risk
Dilution
Capital structure complexity
Execution risk
Management/incentive risk
Custody or operational risk
The risk that a premium to net asset value contracts or disappears
Past performance does not guarantee future results.
Forward-Looking Statements
Some posts may include expectations, estimates, forecasts, scenarios, or other forward-looking statements. These are inherently uncertain and may be wrong.
Any discussion of possible future prices, returns, yields, market structures, capital raises, issuance strategies, adoption curves, tax outcomes, or regulatory developments should be understood as analysis or speculation, not as a promise or prediction.
Taxes
Although I am a tax attorney, this site does not provide tax advice.
Tax consequences depend on specific facts and circumstances. They may also vary by jurisdiction and change over time. Nothing on this site creates an attorney-client relationship.
No Attorney-Client Relationship
Reading this site, subscribing to it, commenting on it, emailing me, or interacting with me online does not create an attorney-client relationship.
I am not your lawyer unless we have a separate written engagement agreement that says so.
External Links and Third Parties
This site may link to third-party websites, filings, posts, podcasts, videos, articles, tools, or other materials. I do not control those third parties and am not responsible for their accuracy, availability, security, or content.
Links are provided for convenience, sourcing, or context. A link does not necessarily mean endorsement.
Errors and Corrections
The title of this site is I’d Rather Be Right because I would rather update my thinking than defend a mistake.
If you believe I have made a factual error, misquoted someone, misunderstood a security, missed an important risk, or failed to consider relevant evidence, please let me know.
The point is to be right — and when wrong, to modify course quickly.