KEY TAKEAWAYS

• Strategy’s executive chairman Michael Saylor in a Q&A Monday said investors in his company should have a long time horizon.

• Those seeking a dividend, meanwhile, should consider the company’s preferred stock, not the common shares, he said.

Investors in Strategy got a reality check yesterday—from Michael Saylor himself.

During a Q&A with shareholders of Strategy (MSTR), one participant worried that the company’s at-the-market stock offerings would keep share prices low, since selling shares can have a dilutive effect on a stock. (The questioner said…