1 00:00:00,040 --> 00:00:03,520 Here in sunny Singapore with my friend Joe Lonsdale on his first 2 00:00:03,520 --> 00:00:08,280 company, Palantir was in the Hexagon on Page Mill Road 1500. 3 00:00:08,280 --> 00:00:11,440 You remember that the whole place for doing like $1.50 a 4 00:00:11,440 --> 00:00:13,000 foot? I remember on Page Mill it cost 5 00:00:13,000 --> 00:00:14,360 nothing. It cost nothing, right? 6 00:00:14,360 --> 00:00:16,920 It was totally affordable. You you can't easily do the 7 00:00:16,920 --> 00:00:19,360 garage start up in Silicon Valley anymore in the same way. 8 00:00:19,360 --> 00:00:22,000 Now I was talking about this my friend in biotech everything 9 00:00:22,000 --> 00:00:23,840 just got fat too because there was too much money. 10 00:00:23,960 --> 00:00:26,000 But you don't actually need to spend nearly as much money as we 11 00:00:26,000 --> 00:00:27,760 do on some of these things. That's one of the things I'm 12 00:00:27,760 --> 00:00:30,400 working on right now to teach people is like you don't need to 13 00:00:30,400 --> 00:00:33,240 have like 200 people at your biotech company using like all 14 00:00:33,240 --> 00:00:35,080 the really high end prepackaged stuff. 15 00:00:35,080 --> 00:00:37,520 Like there's a ways of doing things cheaper and scrap your 16 00:00:37,720 --> 00:00:38,880 probably useful. That's right. 17 00:00:38,880 --> 00:00:43,320 It's like, you know, the the biotech kits, kits can get 18 00:00:43,320 --> 00:00:45,600 really expensive. It's like different roughly 19 00:00:45,600 --> 00:00:48,560 between making your own coffee and pre made coffee. 20 00:00:48,680 --> 00:00:50,680 I run AVC. We build lots of companies, but 21 00:00:50,680 --> 00:00:53,120 there's all sorts of opportunities in fixing 22 00:00:53,120 --> 00:00:54,840 healthcare, fixing things in defense. 23 00:00:54,840 --> 00:00:57,240 Like I like to go, I like to run towards the broken things in 24 00:00:57,240 --> 00:00:58,960 society. I think that's what a leader's 25 00:00:58,960 --> 00:01:01,840 job is to do, is that the things everyone else is running towards 26 00:01:02,120 --> 00:01:04,640 are usually the popular things. They're usually not that broken. 27 00:01:04,800 --> 00:01:07,080 There's all these things that are broken about the US, meth 28 00:01:07,080 --> 00:01:09,160 and meth. No, it's drugs too, right. 29 00:01:09,360 --> 00:01:10,560 And. And and you talk about this a 30 00:01:10,560 --> 00:01:10,920 lot. So. 31 00:01:10,920 --> 00:01:13,560 So the question is, let's actually acknowledge these 32 00:01:13,560 --> 00:01:15,560 things, let's run towards them and let's fix them. 33 00:01:15,640 --> 00:01:17,120 Yeah, that. That's one of my passions right 34 00:01:17,120 --> 00:01:18,680 now. The university system is broken. 35 00:01:18,680 --> 00:01:20,360 Let's build a new one and teach how to do it better, right. 36 00:01:20,360 --> 00:01:22,320 So there's there's, that's, that's what we're trying to do. 37 00:01:22,320 --> 00:01:23,400 We're trying to be leaders in the US. 38 00:01:23,440 --> 00:01:27,400 And and I love it and you know, I I think you know there's there 39 00:01:27,400 --> 00:01:30,160 has to be criticism but there's to be constructive criticism 40 00:01:30,320 --> 00:01:32,840 where your alternative has to be better than the existing. 41 00:01:33,080 --> 00:01:34,520 And and you have to learn how to build. 42 00:01:34,520 --> 00:01:37,200 I mean, This is why America is a great country is we get together 43 00:01:37,200 --> 00:01:38,960 and we create things. We build things and we try 44 00:01:38,960 --> 00:01:39,600 things. Yes. 45 00:01:39,640 --> 00:01:42,920 And rather than rather than just like saying everything's broken, 46 00:01:42,960 --> 00:01:45,040 well, what's your answer? Let's get together, let's fix 47 00:01:45,040 --> 00:01:46,040 it. So that's the and that's the 48 00:01:46,040 --> 00:01:48,000 energy that comes from the innovation world that you and I 49 00:01:48,000 --> 00:01:50,200 are part of. I'm an entrepreneur founded 50 00:01:50,200 --> 00:01:54,680 Palantir, founded at a par of 2009, which is also a large 51 00:01:54,680 --> 00:01:57,480 global company leader in wealth management technology started 52 00:01:57,480 --> 00:01:59,400 opening Gov, which you were an early investor in. 53 00:01:59,400 --> 00:02:01,920 I supported also Great Unicorn supporting thousands of 54 00:02:01,920 --> 00:02:03,400 governments. And you know I've built a bunch 55 00:02:03,400 --> 00:02:06,080 of companies and a lot of people who work for me started building 56 00:02:06,080 --> 00:02:07,360 companies. So I started helping them. 57 00:02:07,760 --> 00:02:10,120 We have APC is one of the larger, more successful venture 58 00:02:10,120 --> 00:02:11,800 funds. We've done kind of seven big 59 00:02:11,800 --> 00:02:15,280 funds now. And you know, there's a lot of 60 00:02:15,280 --> 00:02:16,680 things you can solve with entrepreneurship. 61 00:02:16,680 --> 00:02:18,920 I think entrepreneurship is the best way to fix society. 62 00:02:18,920 --> 00:02:20,760 And what's still AUM of ABC? Now it's like. 63 00:02:20,920 --> 00:02:24,560 Oh, I think we've raised a total about $7 billion between all the 64 00:02:24,560 --> 00:02:26,440 funds, give or take. We have like 7 core funds, 65 00:02:26,440 --> 00:02:29,600 couple follow on funds, some SP VS, So that's that's that's 66 00:02:29,600 --> 00:02:31,840 committed capital AUM as much higher as you get to count the 67 00:02:31,840 --> 00:02:33,600 market, right. We've raised about $7,000,000 68 00:02:33,600 --> 00:02:35,640 and we've done well. So the APC is a big fund. 69 00:02:36,320 --> 00:02:38,520 We build a lot of things and it turns out you can't solve every 70 00:02:38,520 --> 00:02:40,720 problem with entrepreneurship. So I have my Policy Institute at 71 00:02:40,720 --> 00:02:43,320 the university and you know, to try to be a leader in US 72 00:02:43,320 --> 00:02:44,280 society. Yes. 73 00:02:44,520 --> 00:02:47,960 And actually that's a really deep point, which is I think you 74 00:02:47,960 --> 00:02:52,000 and I got to that realization maybe maybe a little bit sooner 75 00:02:52,000 --> 00:02:53,240 than our, the broader tech community. 76 00:02:53,240 --> 00:02:55,480 But folks have realized you can't do everything but 77 00:02:55,480 --> 00:02:56,960 technology. You need some policy, you need 78 00:02:56,960 --> 00:02:59,440 some politics as well, right? Talk about you're you're 79 00:02:59,440 --> 00:03:00,680 thinking. But I love the, I love the 80 00:03:00,680 --> 00:03:03,640 Javier Milek quote in Argentina. This like crazy guy. 81 00:03:03,760 --> 00:03:06,000 I love it over Argentina is very exciting. 82 00:03:06,000 --> 00:03:09,440 And he's basically saying, like the way Milton Friedman said, 83 00:03:09,440 --> 00:03:11,800 just to your social roles to make profit as an entrepreneur. 84 00:03:11,960 --> 00:03:15,000 That's correct. But you also need to try to make 85 00:03:15,000 --> 00:03:16,400 sure socialists don't take over your country. 86 00:03:16,400 --> 00:03:18,320 You need both of those, right? You need both. 87 00:03:18,560 --> 00:03:21,000 To make profit, but also to keep your government and your society 88 00:03:21,000 --> 00:03:22,440 functional. And you know what I love about 89 00:03:22,440 --> 00:03:25,600 this is lots of folks who are socialist to say you have a 90 00:03:25,600 --> 00:03:28,160 social responsibility as an entrepreneur and so on. 91 00:03:28,560 --> 00:03:31,160 And I agree, the social realizability is keep out the 92 00:03:31,160 --> 00:03:33,320 socialists. Social responsibility is make 93 00:03:33,320 --> 00:03:35,880 sure these people who don't do things based on merit, don't do 94 00:03:35,880 --> 00:03:38,840 things based on functionality, who are, who are breaking things 95 00:03:38,840 --> 00:03:40,200 when they get in power to keep them out. 96 00:03:40,200 --> 00:03:43,080 Thomas Jefferson, he actually believed in the in public 97 00:03:43,080 --> 00:03:44,920 education a lot. It was actually controversial. 98 00:03:44,920 --> 00:03:46,480 You know why you want public education? 99 00:03:46,720 --> 00:03:49,800 To teach them about liberty. Teach them to stay on demagogues 100 00:03:49,800 --> 00:03:51,760 and despots, right. So that the whole point of 101 00:03:51,760 --> 00:03:55,240 public education is to teach people, not to allow what we 102 00:03:55,240 --> 00:03:58,040 call today. Socialist Jealous of Liberty, 103 00:03:58,120 --> 00:03:58,600 right? Exactly. 104 00:03:59,080 --> 00:04:01,120 That is the one thing like he, like he said, you know public 105 00:04:01,120 --> 00:04:02,960 universities, different universities, the elite. 106 00:04:03,120 --> 00:04:05,720 In the university you have to train the elite to understand 107 00:04:05,720 --> 00:04:09,520 our history or great debates like really be ready to to to 108 00:04:09,920 --> 00:04:11,680 run, to run a free society. They're not in charge of 109 00:04:11,680 --> 00:04:13,240 society, but they're still in charge of government. 110 00:04:13,240 --> 00:04:15,720 In a free society, that's one thing, but it's another thing. 111 00:04:15,720 --> 00:04:18,279 It's the masses in general. The number one thing is make 112 00:04:18,279 --> 00:04:20,560 sure they don't get corrupted and make sure they support 113 00:04:20,560 --> 00:04:22,640 liberty and then we've totally lost that our education. 114 00:04:22,640 --> 00:04:25,440 You know the the thing about this is, you know, we'll put up 115 00:04:25,440 --> 00:04:28,920 a graph which shows the speaking level of like US presence. 116 00:04:28,920 --> 00:04:31,120 Have you seen that graph? They've they've gotten a lot 117 00:04:31,120 --> 00:04:33,240 Dumber. A lot Dumber since the age of 118 00:04:33,480 --> 00:04:36,800 Jefferson and Hamilton and. Someone said I wish I could talk 119 00:04:36,800 --> 00:04:38,040 like these guys. I read them all the time. 120 00:04:38,040 --> 00:04:39,720 I love them. I read their primary yeah, but 121 00:04:39,720 --> 00:04:41,160 they're a lot more sophisticated than we are. 122 00:04:41,160 --> 00:04:43,400 Yeah, it's actually the thing that's here's the thing that I, 123 00:04:43,400 --> 00:04:46,120 I, I haven't fully squared the circle, right. 124 00:04:46,440 --> 00:04:49,600 The, you know, when the US became independent, it was like 125 00:04:49,600 --> 00:04:52,240 about like 1.6 million people, something like that. 126 00:04:52,240 --> 00:04:53,400 It was a few. Million because people have 127 00:04:53,400 --> 00:04:55,520 Patrick Henry's speech 3. Millions of people are in the 128 00:04:55,520 --> 00:04:57,880 holy cause of liberty, yes, and such a nation as we possess. 129 00:04:57,880 --> 00:04:58,440 OK. There you go. 130 00:04:58,440 --> 00:05:00,920 You remember, so, so it's like it's like in the single digit 131 00:05:00,920 --> 00:05:03,000 millions, right. And a lot of these guys were in 132 00:05:03,000 --> 00:05:04,960 their 20s. They were, they were actually 133 00:05:04,960 --> 00:05:06,520 quite young. A lot of the do you know about 134 00:05:06,520 --> 00:05:08,480 that, like the forest? They were the entrepreneurs. 135 00:05:08,480 --> 00:05:09,880 They're in their 20s and 30s. Exactly. 136 00:05:09,880 --> 00:05:11,520 They're all startup guys younger than we are now. 137 00:05:12,240 --> 00:05:14,200 I know we got to get on it. Well, well, some of them. 138 00:05:14,200 --> 00:05:15,680 Ben Frank, who was a little bit older. 139 00:05:15,680 --> 00:05:17,280 There's there's somebody that. Ben Frank. 140 00:05:17,360 --> 00:05:18,360 Yes, exactly. That's right. 141 00:05:18,360 --> 00:05:20,880 That's right. So that shows that when there 142 00:05:20,880 --> 00:05:23,720 was a frontier and there were young talented people in a 143 00:05:23,720 --> 00:05:25,840 relatively small group of things, you could start the 144 00:05:25,840 --> 00:05:27,600 greatest startup in in world history, right? 145 00:05:27,800 --> 00:05:29,280 Which is the United States of America. 146 00:05:29,600 --> 00:05:34,240 So the thing though that I don't get is, and this will sound 147 00:05:34,480 --> 00:05:37,320 stupid, but but me sometimes asking the stupid questions. 148 00:05:38,400 --> 00:05:40,720 No intradas, right? No ability to look up 149 00:05:40,720 --> 00:05:43,080 references. You have to read everything on 150 00:05:43,080 --> 00:05:45,560 pen and paper, right? There weren't that many books 151 00:05:45,560 --> 00:05:47,520 printed, but they were. All really well read and they 152 00:05:47,520 --> 00:05:49,320 were all constantly reading. What's going on? 153 00:05:49,440 --> 00:05:51,840 Yeah, like everyone. Basically like the men who were 154 00:05:51,840 --> 00:05:53,960 running society. Like, there's this thing called 155 00:05:53,960 --> 00:05:55,560 the London magazine. Have you ever seen a London 156 00:05:55,560 --> 00:05:56,200 magazine? No. 157 00:05:56,320 --> 00:05:57,880 I love this. It's it's a it's like the 158 00:05:57,880 --> 00:06:00,680 combination of like, ten of our top magazines all in one, like 159 00:06:00,680 --> 00:06:02,800 The Atlantic and then all these things and like. 160 00:06:03,040 --> 00:06:04,400 And then people would read it in London. 161 00:06:04,400 --> 00:06:05,880 They'd read it all over the Americas. 162 00:06:06,080 --> 00:06:09,680 And like, you'd have like, Lord N arguing with Benjamin Franklin 163 00:06:09,840 --> 00:06:12,000 and the pages and it would show you, here's what happened in 164 00:06:12,000 --> 00:06:13,960 parliament. Here's like this war going on. 165 00:06:13,960 --> 00:06:15,920 You have a fold out of the war. There'd be like hard math 166 00:06:15,920 --> 00:06:18,080 problems, like how you have, yeah, physics problems here. 167 00:06:18,240 --> 00:06:20,360 And like, this is what the gentleman at the time already I 168 00:06:20,360 --> 00:06:22,040 collected as a kid. I read all of these so. 169 00:06:22,120 --> 00:06:23,880 So this is the thing that I don't. 170 00:06:24,200 --> 00:06:27,040 I feel that there's a piece of the past that at least I don't 171 00:06:27,040 --> 00:06:32,160 fully understand, which is on, you know, looking up a 172 00:06:32,160 --> 00:06:35,280 reference, for example, is actually relatively easy to do 173 00:06:35,280 --> 00:06:37,440 on the Internet. You can use sci hub or Lib Gen. 174 00:06:37,440 --> 00:06:39,480 or something like that. And I do that a lot and that's 175 00:06:39,480 --> 00:06:43,040 how I learn things. If you had to go to the library 176 00:06:43,040 --> 00:06:46,080 and look up a card catalog, it's like it takes 1000 X or 177 00:06:46,080 --> 00:06:48,120 literally a million X as long to look that up. 178 00:06:48,480 --> 00:06:50,560 So how? And there are fewer books and 179 00:06:50,560 --> 00:06:52,400 so. So how are they so well read? 180 00:06:52,400 --> 00:06:53,920 I don't actually understand that part. 181 00:06:54,040 --> 00:06:56,400 This is the very. It's just so the Roman analog I 182 00:06:56,400 --> 00:06:59,360 think is very important. Like every great man in Rome 183 00:06:59,760 --> 00:07:02,720 would read like Libby and read like Virgil or read Horse. 184 00:07:02,880 --> 00:07:07,360 There's there's a, there's a cultural foundation that was 185 00:07:07,360 --> 00:07:08,560 shared, right. And that. 186 00:07:08,560 --> 00:07:10,280 And they had a, it was a different one. 187 00:07:10,280 --> 00:07:13,640 Now when you come to America's, but it was the same set of like 188 00:07:13,640 --> 00:07:16,320 cultural foundations where you have like your library, there's 189 00:07:16,320 --> 00:07:18,520 a standard library that everyone have everyone read. 190 00:07:18,520 --> 00:07:21,480 That educated man would would have this history of the West. 191 00:07:21,960 --> 00:07:24,360 And that was and and and that was like their reference set. 192 00:07:24,360 --> 00:07:26,360 So when you go back to all the speeches of these guys, you go 193 00:07:26,360 --> 00:07:28,720 back to all the conversations, They're all referencing not just 194 00:07:28,720 --> 00:07:31,040 things from the Bible, but things from Rome, things from 195 00:07:31,040 --> 00:07:33,280 the Glorious Revolution and British history and, you know, 196 00:07:33,280 --> 00:07:36,080 the Magna Carta, things from, you know, parts of French 197 00:07:36,080 --> 00:07:37,440 history. Like there's all sorts of things 198 00:07:37,440 --> 00:07:38,560 they would study. They'd all know. 199 00:07:38,880 --> 00:07:40,960 Yeah, you know, this is funny because, you know, I made that 200 00:07:40,960 --> 00:07:43,680 analogy to the standard library of like Python or something like 201 00:07:43,680 --> 00:07:45,280 that, right? You know, it's interesting. 202 00:07:45,280 --> 00:07:46,360 It's a nice play on words, right? 203 00:07:47,160 --> 00:07:51,040 And and, and I wonder if it's actually somewhat not just a 204 00:07:51,040 --> 00:07:52,960 play on words something deeper than that in the following 205 00:07:52,960 --> 00:07:55,920 sense. If in you know Python or any 206 00:07:55,920 --> 00:07:58,760 language you type in something which you haven't defined yet, 207 00:07:58,760 --> 00:08:02,160 you get an error, right? So the words actually need to be 208 00:08:02,160 --> 00:08:05,720 defined in order for you to use them in in in a program or or 209 00:08:05,720 --> 00:08:08,360 with, you know, another program. So in the same way, if people 210 00:08:08,360 --> 00:08:12,120 aren't familiar with certain concepts like, oh, you know, 211 00:08:12,880 --> 00:08:16,360 Plato wasn't a fan of democracy and democracy has other meanings 212 00:08:16,360 --> 00:08:18,040 or you know, the cause of despotism. 213 00:08:18,040 --> 00:08:22,440 And if if they don't even have these vocabulary words, then the 214 00:08:22,440 --> 00:08:24,480 program crashes. They didn't install those words 215 00:08:24,480 --> 00:08:29,480 at the top of the program, you know, so that in a sense as 216 00:08:29,480 --> 00:08:32,400 we're thinking about education, you know, and you're doing K 217 00:08:32,400 --> 00:08:34,880 through 12, I'm, I'm funding, you know, stuff like synthesis. 218 00:08:34,880 --> 00:08:37,200 And you know, I did this networks, a conference with 219 00:08:37,480 --> 00:08:39,360 parallel education track. So we're both interested in this 220 00:08:39,360 --> 00:08:41,200 kind of stuff. You're also got the University 221 00:08:41,200 --> 00:08:43,720 of Austin right, which I think I'm going to be giving some 222 00:08:43,919 --> 00:08:45,160 talks or something there. Right. 223 00:08:45,320 --> 00:08:48,560 One way of thinking about it is these are almost like a standard 224 00:08:48,560 --> 00:08:50,840 library, and then what kinds of things do we want them to do 225 00:08:50,840 --> 00:08:52,320 downstream? And we, I mean, we need to make 226 00:08:52,320 --> 00:08:54,400 sure they have the standard library have the concepts to 227 00:08:54,400 --> 00:08:55,200 even go there. Which is. 228 00:08:55,480 --> 00:08:55,840 Yeah. Which. 229 00:08:55,840 --> 00:08:57,200 Right. We've seen Enlightenment kind of 230 00:08:57,200 --> 00:09:01,040 like gave that to the to the to the men of America at that time, 231 00:09:01,200 --> 00:09:04,200 which created the revolution. So what what are the, what's the 232 00:09:04,200 --> 00:09:05,520 modern version of the Enlightenment? 233 00:09:05,520 --> 00:09:07,000 What are the types of things we need to be doing? 234 00:09:07,000 --> 00:09:08,280 Yeah. Make sure everyone reads 235 00:09:08,280 --> 00:09:09,000 biology. Right. 236 00:09:09,000 --> 00:09:11,440 Well, OK. Or Teal or you know PJ, you 237 00:09:11,480 --> 00:09:13,600 know, right. I think, I think we've, we are, 238 00:09:13,600 --> 00:09:15,280 you know, one of the things that's funny is on Twitter 239 00:09:15,280 --> 00:09:18,520 they'll they'll kinda make fun or somebody they'll be like, why 240 00:09:18,520 --> 00:09:20,400 do all these tech guys become philosophers? 241 00:09:20,760 --> 00:09:21,840 And I actually thought about Wyatt. 242 00:09:21,840 --> 00:09:23,760 I've got a couple of answers. I wanted to hear your thoughts. 243 00:09:23,760 --> 00:09:28,800 So one is every founder starts as lead engineer and ends up as 244 00:09:28,800 --> 00:09:32,920 chief psychologist, right. Because you're managing a team 245 00:09:32,920 --> 00:09:36,280 of people, And now what matters is, yeah, certainly the 246 00:09:36,280 --> 00:09:39,840 engineering matters and whatnot, but also their emotions, what's 247 00:09:39,840 --> 00:09:42,560 in their heads, and how groups of humans interact with each 248 00:09:42,560 --> 00:09:44,920 other and all the crazy things that happen out of that, which 249 00:09:44,920 --> 00:09:46,640 is different than how groups of machines interact. 250 00:09:46,840 --> 00:09:48,320 It's true. I mean I think the law, the 251 00:09:48,360 --> 00:09:51,040 truly greatest founders, their chiefs like psychology but they 252 00:09:51,040 --> 00:09:53,680 actually are like I have a one of my friends who's built the 253 00:09:53,680 --> 00:09:56,280 biggest private company in the US he calls himself chief 254 00:09:56,280 --> 00:09:58,400 philosophy officer. So he's he was CEO for a long 255 00:09:58,400 --> 00:10:01,080 time but he replaced himself and became like the chief philosophy 256 00:10:01,080 --> 00:10:03,600 officer and he writes books on philosophy as well. 257 00:10:03,600 --> 00:10:06,280 Not tech guy but but you know someone is and it's and it's 258 00:10:06,280 --> 00:10:09,680 basically like like how do you take how people work, how 259 00:10:09,680 --> 00:10:12,640 society works and how do you imbue your company with that And 260 00:10:12,640 --> 00:10:16,480 he's he's all about like Maslow's Maslow's philosophy of 261 00:10:16,480 --> 00:10:18,040 self actualization. They'll have the hockey of 262 00:10:18,040 --> 00:10:19,400 needs. The very highest one is a self 263 00:10:19,400 --> 00:10:21,320 actualized right. How do you help everyone in your 264 00:10:21,320 --> 00:10:23,960 company self actualize in a way that's aligned, you know, with 265 00:10:23,960 --> 00:10:25,880 creating value and there's things like that which is really 266 00:10:25,880 --> 00:10:27,440 important. And you know, the thing about it 267 00:10:27,440 --> 00:10:31,760 is, you know, even though people think, oh, and again to engage 268 00:10:31,760 --> 00:10:34,520 some of the, they'll say, why do tech guys always want to make 269 00:10:34,520 --> 00:10:37,000 tech analogies for everything? And actually one of the things I 270 00:10:37,000 --> 00:10:41,880 talked about in the never Saved book is we can see the birth and 271 00:10:41,880 --> 00:10:45,720 life and death of companies in like a 5 or 10 or 15 year 272 00:10:45,720 --> 00:10:48,120 window. And you and I have now run, you 273 00:10:48,120 --> 00:10:50,640 know, hundreds, probably thousands of experiments to take 274 00:10:50,640 --> 00:10:52,240 all of our investments and Add all of them up. 275 00:10:52,240 --> 00:10:54,800 Right. And so you, you start to see 276 00:10:54,800 --> 00:10:58,800 patterns in the life cycles of organizations that the only 277 00:10:58,800 --> 00:11:01,080 thing that's larger than that are countries, right. 278 00:11:01,280 --> 00:11:03,560 And countries start spanning over the life of hundreds of 279 00:11:03,560 --> 00:11:07,360 years, whereas companies are in the 10s of years or 20s of years 280 00:11:07,360 --> 00:11:08,680 or decades. There's one thing largely in 281 00:11:08,680 --> 00:11:09,800 countries, which is civilizations. 282 00:11:09,800 --> 00:11:10,960 Civilizations, right? Like India. 283 00:11:10,960 --> 00:11:12,920 China. A lot of my one of my favorite 284 00:11:13,040 --> 00:11:15,680 thinking is like these books on the history of civilizations. 285 00:11:15,680 --> 00:11:17,560 Funny, I've got. I've got a few back here. 286 00:11:17,840 --> 00:11:20,520 I mean Quigley's evolution of civilizations I always found 287 00:11:20,520 --> 00:11:24,000 very useful because he talks about how, you know you have to 288 00:11:24,000 --> 00:11:25,640 have mixed things from different backgrounds. 289 00:11:25,640 --> 00:11:27,760 Almost like the different types of enlightenment type things 290 00:11:27,760 --> 00:11:30,280 where you have new kind of set of primitives that come together 291 00:11:30,280 --> 00:11:32,240 and cultures that mix. And then it grows and there's 292 00:11:32,240 --> 00:11:34,280 and then there's these like things that help it grow, but 293 00:11:34,400 --> 00:11:36,360 the things that help it grow become special interests over 294 00:11:36,360 --> 00:11:38,640 time and then this. And then things start existing 295 00:11:38,640 --> 00:11:40,720 for the sake of the special interests themselves and that's 296 00:11:40,720 --> 00:11:43,160 when it starts to decay and then it gets invaded again. 297 00:11:43,160 --> 00:11:46,080 But it's it's fascinating to watch how like almost all of 298 00:11:46,080 --> 00:11:49,200 these civilizations as. Well, as see them happening as 299 00:11:49,200 --> 00:11:51,360 Fast forward with the company. It gets, it gets captured, the 300 00:11:51,360 --> 00:11:53,880 things get captured over time and it becomes decadent, right? 301 00:11:53,880 --> 00:11:56,760 And then and then the question is, can you renew it and can you 302 00:11:56,760 --> 00:11:58,920 teach enough people in society, OK, we're going to go against 303 00:11:58,920 --> 00:12:00,800 this thing that's capturing it. Got to go against these 304 00:12:00,800 --> 00:12:02,880 interests and we're going to make it for the interest for 305 00:12:02,880 --> 00:12:04,600 all. Again is what Javier Mile is 306 00:12:04,600 --> 00:12:06,120 trying to do in Argentina. It's right. 307 00:12:06,320 --> 00:12:08,120 I usually, I believe some people, you know, they're trying 308 00:12:08,120 --> 00:12:11,240 to do in the US as well by going against the broken bureaucracies 309 00:12:11,240 --> 00:12:11,440 you. Know. 310 00:12:11,440 --> 00:12:15,480 And the thing about it is that is possible because if we look 311 00:12:15,480 --> 00:12:17,880 at, you know, people talk about the rise and fall of the Roman 312 00:12:17,880 --> 00:12:21,160 Empire, but it wasn't just a strict, you know, rise and fall 313 00:12:21,160 --> 00:12:22,440 sign. It wasn't a parabola. 314 00:12:22,640 --> 00:12:24,880 The trajectory is much more complicated than that, with many 315 00:12:25,200 --> 00:12:28,000 reversals and so on before the final collapse in 476. 316 00:12:28,480 --> 00:12:31,080 So I think a better metaphor is not a sine wave, but a stock 317 00:12:31,080 --> 00:12:35,640 price, right, For not just like you have it for a company, do we 318 00:12:35,640 --> 00:12:39,240 have it for a country, could it could be population, it could be 319 00:12:39,440 --> 00:12:41,000 GDP, it could be real estate footprint. 320 00:12:41,160 --> 00:12:44,360 So the Ottoman Empire collapses and loses a lot of real estate 321 00:12:44,360 --> 00:12:47,280 footprint and that's like, you know, a stock price dropping 322 00:12:47,280 --> 00:12:50,960 95%, right. And so there's there's there's 323 00:12:50,960 --> 00:12:53,800 some folks like you know Turchin do you know the the sky. 324 00:12:54,200 --> 00:12:56,440 So there's folks who are doing more in the way of quantitative 325 00:12:56,440 --> 00:12:58,920 history. Dalio was doing a little bit of 326 00:12:58,920 --> 00:13:00,880 it. Peter Church in the guys who 327 00:13:00,880 --> 00:13:04,120 were doing the 4th turning of them kind of verbal version and 328 00:13:04,120 --> 00:13:05,800 I feel like. Trying to quantify these things 329 00:13:05,800 --> 00:13:07,640 is always a really good thing to do with social sciences. 330 00:13:07,680 --> 00:13:09,120 You the smartest guys, try to do that. 331 00:13:09,200 --> 00:13:10,120 Be smart. Yeah. 332 00:13:10,120 --> 00:13:12,360 And so I think with some of the AI stuff now in particular, you 333 00:13:12,360 --> 00:13:16,240 can take all of the written materials on ancient Rome and, 334 00:13:16,240 --> 00:13:19,160 you know, Google N Gram, you can do stuff like that. 335 00:13:19,160 --> 00:13:21,480 You can see when they were saying certain words and others, 336 00:13:21,520 --> 00:13:22,760 for example, you go to Google N Gram. 337 00:13:22,760 --> 00:13:25,760 Here's a fun experiment. If you type in Republic and 338 00:13:25,760 --> 00:13:29,160 democracy, you see that early American founders talked about 339 00:13:29,160 --> 00:13:32,560 the US in terms of a Republic, and the term democracy only is 340 00:13:32,560 --> 00:13:33,640 ramped up in the 20th. Century. 341 00:13:33,640 --> 00:13:34,760 I know. I like Republic much better. 342 00:13:34,760 --> 00:13:37,160 By the way, Master Democracy doesn't work with all our 343 00:13:37,160 --> 00:13:38,480 founders. New Master Democracy is a bad 344 00:13:38,480 --> 00:13:39,800 idea. Well, it's funny, it's. 345 00:13:39,920 --> 00:13:41,640 It's different. The the, the, the quickest way I 346 00:13:41,640 --> 00:13:45,960 can establish that to somebody is I say OK if there was a 347 00:13:45,960 --> 00:13:50,000 global vote, OK 96% of the world is non American. 348 00:13:50,560 --> 00:13:53,040 Is that vote going to go the way that the US government wants to 349 00:13:53,040 --> 00:13:54,240 go? No, it's not going to go the. 350 00:13:54,240 --> 00:13:56,360 Way see this with the UN all the time, but exactly which is a 351 00:13:56,360 --> 00:13:59,000 bunch of dictators get together and and do terrible things. 352 00:13:59,200 --> 00:14:00,800 Right. And so The thing is, can you be 353 00:14:00,800 --> 00:14:03,360 the quote champion of democracy if most of the world is not on 354 00:14:03,360 --> 00:14:04,640 your side? Right. 355 00:14:04,880 --> 00:14:07,000 Or at least you have to reinterpret what democracy 356 00:14:07,000 --> 00:14:09,120 means. In that I I think it's AI think 357 00:14:09,120 --> 00:14:10,320 it's a terrible word to use for this. 358 00:14:10,320 --> 00:14:13,000 And a lot of the dumbest foreign policy America has done has been 359 00:14:13,000 --> 00:14:15,840 trying to spread democracy to places that they're first of 360 00:14:15,840 --> 00:14:18,360 all, you We don't want democracy of our republics, The signal all 361 00:14:18,360 --> 00:14:19,640 those places weren't even set up for. 362 00:14:19,640 --> 00:14:21,800 US With that said, I think and so like, you know, some 363 00:14:21,800 --> 00:14:23,920 examples, a lot of the stuff in terms of trying to democratize 364 00:14:23,920 --> 00:14:25,640 the Middle East, a lot of stuff, actually. 365 00:14:25,760 --> 00:14:28,880 Interesting thing. There's this book by Yon Grillo 366 00:14:28,880 --> 00:14:32,000 on narco terrorism in South America, right. 367 00:14:32,000 --> 00:14:34,760 And and so in in Mexico in particular, it's called like El 368 00:14:34,760 --> 00:14:36,800 Narco. And he makes a point, you know, 369 00:14:36,800 --> 00:14:40,040 what actually evidently led to the drug war there, The old, 370 00:14:40,040 --> 00:14:44,200 like, I think the PRI was able to keep the lid on drugs and and 371 00:14:44,200 --> 00:14:45,880 so on. The introduction of competitive 372 00:14:45,880 --> 00:14:49,520 elections is actually what spurred the drug war. 373 00:14:50,160 --> 00:14:52,320 How's that? So basically because faction 374 00:14:52,320 --> 00:14:55,440 started to realize, oh, I can bribe the guy on the other side. 375 00:14:55,440 --> 00:14:57,640 Cardinals were so powerful they were able to actually bribe 376 00:14:57,640 --> 00:15:00,440 people and can get in power. Barbara Walter has a book called 377 00:15:00,440 --> 00:15:02,920 How Civil War Start and she actually comes to a very similar 378 00:15:02,920 --> 00:15:05,840 conclusion totally different person and and she's she's 379 00:15:05,840 --> 00:15:07,120 actually not looking at South America. 380 00:15:07,120 --> 00:15:09,400 She's like, it's when you have something that's in the, what 381 00:15:09,400 --> 00:15:12,280 she calls the intermediate range between the quote, full 382 00:15:12,280 --> 00:15:16,280 democracy and an autocracy, that you have the maximum amount of 383 00:15:16,280 --> 00:15:17,520 chaos. OK. 384 00:15:17,880 --> 00:15:20,440 And now I interpret what she's saying in a somewhat different 385 00:15:20,440 --> 00:15:23,920 way, which is a, quote, full democracy by what she's saying 386 00:15:23,920 --> 00:15:26,000 is something where it's basically under the control of 387 00:15:26,000 --> 00:15:28,520 the US government. This was like the old McDonald's 388 00:15:28,520 --> 00:15:29,960 thing, You know, like how two countries. 389 00:15:29,960 --> 00:15:31,040 With the McDonald's in them will go. 390 00:15:31,400 --> 00:15:34,240 That means if they both have McDonald's, they basically have 391 00:15:34,320 --> 00:15:36,920 enough American influence that they're under PAX America, so 392 00:15:36,920 --> 00:15:39,480 they've got a dispute resolver. That that was why they weren't 393 00:15:39,480 --> 00:15:40,760 finding if they were under Pax America. 394 00:15:40,760 --> 00:15:43,200 Exactly. So it wasn't the local voting, 395 00:15:43,200 --> 00:15:46,680 it was the global non voting. You know right as that's a 396 00:15:46,680 --> 00:15:48,600 different interpretation. That's like what Curtis talks 397 00:15:48,600 --> 00:15:51,520 about and Congress either quote autocracies were stable for a 398 00:15:51,520 --> 00:15:54,600 different reason because they had built some non local, you 399 00:15:54,600 --> 00:15:58,960 know, whether it's MBS or whether it's you know China, 400 00:15:59,160 --> 00:16:02,160 they had built a non local, you know, pyramid or whatever, 401 00:16:02,280 --> 00:16:04,600 right. And at least at least stable 402 00:16:04,600 --> 00:16:05,360 for. Some you know these are 403 00:16:05,360 --> 00:16:07,880 deceptively stable and then not. Correct. 404 00:16:07,880 --> 00:16:09,960 Because they they will hide the internal conflict, then it burst 405 00:16:09,960 --> 00:16:12,080 forwards, right? And then then you've got the 406 00:16:12,080 --> 00:16:14,960 things in the middle like democracy, you know, like Saddam 407 00:16:14,960 --> 00:16:18,120 was actually more stable than the war zone that it became in 408 00:16:18,120 --> 00:16:21,320 the 2000s and early 20 tens like ISIS and and so on and so forth 409 00:16:22,160 --> 00:16:24,560 and so. Anyway, turns out anarch 410 00:16:24,720 --> 00:16:29,040 anarchism is not a good when you ran on your border throwing in a 411 00:16:29,040 --> 00:16:30,360 mess. Totally, exactly right. 412 00:16:30,360 --> 00:16:35,120 So lots of words actually get sort of rebranded to be mote X 413 00:16:35,120 --> 00:16:38,240 in its opposite. For example, Christianity meant 414 00:16:38,240 --> 00:16:40,240 both the revolutionary Christianity that tore down the 415 00:16:40,240 --> 00:16:43,480 Roman Empire and the hierarchical Christianity that 416 00:16:43,800 --> 00:16:46,280 buttress the Holy Roman Empire. You know, now I I recognize 417 00:16:46,280 --> 00:16:49,240 those aren't continuous things that there's a gap in between 418 00:16:49,240 --> 00:16:50,880 and so on. But still there's something 419 00:16:50,880 --> 00:16:53,320 interesting where like you had the concept of a Christian king 420 00:16:53,560 --> 00:16:56,880 after you know, like Christianity attacked the Roman 421 00:16:56,880 --> 00:16:59,360 Empire, right. And then, you know, communism 422 00:16:59,600 --> 00:17:01,880 meant at one point tearing everything down. 423 00:17:02,160 --> 00:17:06,079 But now in China, communism is a hierarchical, top down, total 424 00:17:06,079 --> 00:17:07,960 control thing. And even the children of the top 425 00:17:07,960 --> 00:17:09,960 officials are called what Prince links, right? 426 00:17:10,119 --> 00:17:12,280 So went from revolutionary to ruling class ideology. 427 00:17:12,800 --> 00:17:14,160 And actually I have a bunch of the examples. 428 00:17:15,400 --> 00:17:18,000 The reason I just say that is when something can mean both X 429 00:17:18,000 --> 00:17:21,560 and it's opposite, You know, so democracy is interesting where 430 00:17:21,800 --> 00:17:26,319 it can mean like, you know, oh the, you know, people are voting 431 00:17:26,319 --> 00:17:29,160 and it's all good, but it can mean populism politics and then 432 00:17:29,160 --> 00:17:31,360 they're mad and it's bad. The people shouldn't have a say. 433 00:17:31,360 --> 00:17:33,280 It should be enlightened bureaucrats to do that. 434 00:17:33,840 --> 00:17:37,240 And then, you know, there's this one wrinkle I talked about. 435 00:17:37,240 --> 00:17:40,800 It is to go from 51% democracy to 100% democracy. 436 00:17:41,280 --> 00:17:44,600 The 51% is where we currently have, where 49% are really mad 437 00:17:44,600 --> 00:17:46,320 that they didn't get to vote for the guy, They didn't consent, 438 00:17:46,320 --> 00:17:48,880 didn't get consent to the governed, hundreds into boxes. 439 00:17:48,880 --> 00:17:51,320 Everybody goes and moves to, let's say Starbase, Texas, 440 00:17:51,400 --> 00:17:53,800 right, which is Elon's new city or they're moved to one of the 441 00:17:53,800 --> 00:17:55,920 new startup cities that we're looking at funding, you know, 442 00:17:55,920 --> 00:17:58,720 cul-de-sac in Arizona. And everybody has consented to 443 00:17:58,720 --> 00:18:02,080 be there and they've consented to enter essentially the 444 00:18:02,080 --> 00:18:05,480 jurisdiction of, you know, ACEO. That's running that territory, 445 00:18:05,680 --> 00:18:07,160 which is done totally legally by the way. 446 00:18:07,920 --> 00:18:10,600 And now because they've consent to be there, they they literally 447 00:18:10,600 --> 00:18:12,440 sign a social smart contract on entry. 448 00:18:13,000 --> 00:18:14,920 And so because you have a higher level of consent then people can 449 00:18:14,920 --> 00:18:17,240 do things together. And everyone's a lot happier and 450 00:18:17,240 --> 00:18:18,720 they get what they want on average, a lot more. 451 00:18:18,800 --> 00:18:20,640 Exactly. Now the other thing about it is 452 00:18:20,920 --> 00:18:23,760 Hunterson democracy is actually also point O 1% and what do you 453 00:18:23,760 --> 00:18:25,880 mean by that? So, you know, a lot of people 454 00:18:25,880 --> 00:18:29,120 say, oh, these crazy ideas on governance and so on networks, 455 00:18:29,320 --> 00:18:30,440 that's how we're going to go mainstream. 456 00:18:30,640 --> 00:18:31,760 I say it doesn't need to go mainstream. 457 00:18:31,760 --> 00:18:34,240 The reason is there's 8 billion people in the world. 458 00:18:34,280 --> 00:18:35,880 You only have very few of us to do it. 459 00:18:35,960 --> 00:18:38,480 Exactly. Point O 1% is 800,000 people, 460 00:18:38,800 --> 00:18:41,680 800,000 people is like actually would be like the 30th largest 461 00:18:41,680 --> 00:18:43,760 UN country or something like 40th largest. 462 00:18:43,760 --> 00:18:46,720 OK, 800,000 people. So point O 1% of actually every 463 00:18:46,920 --> 00:18:51,000 minority group that can organize enough to can get their own city 464 00:18:51,000 --> 00:18:54,240 or their own state. Potentially anyway so this some 465 00:18:54,240 --> 00:18:56,280 of the stuff I love. I love that you're bringing this 466 00:18:56,400 --> 00:18:59,400 back up for the world to follow. This stuff is, you know I I 467 00:18:59,400 --> 00:19:02,200 introduced Peter to Patrick Freeman Peters LA and you know I 468 00:19:02,200 --> 00:19:04,360 was the original chairman of the sea setting Institute. 469 00:19:04,360 --> 00:19:07,000 My very first video which is the only thing you would find when 470 00:19:07,000 --> 00:19:08,400 you search for me like on YouTube. 471 00:19:08,400 --> 00:19:10,480 Five years on YouTube was like me. 472 00:19:10,480 --> 00:19:13,160 I'm like Glenn Beck talking about sea studying which was 473 00:19:13,160 --> 00:19:15,400 actually quite embarrassing for a while because it was like 474 00:19:15,400 --> 00:19:17,480 sharks. But you know, I was, I was from 475 00:19:17,480 --> 00:19:18,440 proud of that. I've been involved. 476 00:19:19,040 --> 00:19:22,680 No, I like actually, I love what you and Patry and Peter did on 477 00:19:22,680 --> 00:19:25,920 that because and Patrick has talked about this like the path 478 00:19:25,920 --> 00:19:27,920 of sea setting. People got really fixated on, 479 00:19:28,360 --> 00:19:30,960 oh, it's on the water and so on. But the point was competitive. 480 00:19:31,200 --> 00:19:32,720 Yeah. The point was like, the point 481 00:19:32,720 --> 00:19:34,120 was like let's have a new government. 482 00:19:34,360 --> 00:19:36,920 I, when I started Palantir, I could have gone tried to work 483 00:19:36,920 --> 00:19:39,680 for IBM and fix IBM or something like that, right. 484 00:19:39,680 --> 00:19:41,880 That's probably would not have been a very good use of my time 485 00:19:41,880 --> 00:19:45,880 on a relative basis. And like you know I'll admit I 486 00:19:45,880 --> 00:19:49,240 am I am trying to fix the army in the USI have to stay in fight 487 00:19:49,240 --> 00:19:50,800 ball as you so so so I. Respect that and. 488 00:19:51,200 --> 00:19:54,560 And and it turns out. It turns out America is like way 489 00:19:54,560 --> 00:19:56,760 less broken than almost everywhere else is my view. 490 00:19:56,760 --> 00:19:58,120 This is where we may disagree a little bit. 491 00:19:58,120 --> 00:20:00,120 Right. But but I you actually can go 492 00:20:00,120 --> 00:20:03,160 into states, you can like partner with governors, You can 493 00:20:03,160 --> 00:20:05,600 pass laws. You can show the things work and 494 00:20:05,600 --> 00:20:06,960 you can inspire people. I've done this. 495 00:20:06,960 --> 00:20:08,440 Now, you know, Cicero's in 15 states. 496 00:20:08,440 --> 00:20:09,720 We're getting dozens of laws passed. 497 00:20:09,720 --> 00:20:12,960 You can put accountability incentives, cut the waste, like 498 00:20:12,960 --> 00:20:15,320 get rid of broken things and and then we're going to teach people 499 00:20:15,320 --> 00:20:16,440 that and go to the national level. 500 00:20:16,440 --> 00:20:17,760 Now it's going to be a big battle. 501 00:20:18,200 --> 00:20:19,320 But. So, so it's what I'm trying to 502 00:20:19,320 --> 00:20:21,880 do is now at the same time I would love there to be. 503 00:20:22,200 --> 00:20:25,160 Like a Singapore for the US to learn from exact closer, closer 504 00:20:25,160 --> 00:20:26,200 to America, that'd. Be great. 505 00:20:26,200 --> 00:20:27,640 That's right. So, so the way I think about it 506 00:20:27,640 --> 00:20:31,720 is, I think you can be Satya or you can be Satoshi. 507 00:20:31,720 --> 00:20:34,120 Just don't be Steve Ballmer. OK. 508 00:20:34,120 --> 00:20:36,200 Well, I mean. The the $100 billion. 509 00:20:37,040 --> 00:20:37,840 That's true. That's true. 510 00:20:37,840 --> 00:20:39,440 Is true. So of course, Steve Ballmer, if 511 00:20:39,440 --> 00:20:41,400 you're watching this, I don't I I still respect. 512 00:20:41,400 --> 00:20:44,600 People still take your money. I mean, like, you know, I have 513 00:20:44,600 --> 00:20:46,920 nothing against his heart. The thing about it is, you know, 514 00:20:47,000 --> 00:20:50,400 just in defense of Steve Ballmer before a critique is it's hard 515 00:20:50,400 --> 00:20:52,800 to run something like Microsoft, right, to even keep it stable 516 00:20:52,800 --> 00:20:53,880 for like 10 years. It's really. 517 00:20:53,880 --> 00:20:54,760 Hard. There may have been, you know, 518 00:20:54,760 --> 00:20:56,640 things that they put in place that ended up working later, but 519 00:20:56,640 --> 00:20:58,520 Satya was really needed to make a lot of these things work. 520 00:20:58,520 --> 00:20:59,440 Yeah, exactly. Right. 521 00:20:59,440 --> 00:21:02,080 So, so it's one of those things, it's kind of like people saying, 522 00:21:02,080 --> 00:21:05,480 oh, that NBA player sucks. Well, OK, maybe, maybe he wasn't 523 00:21:05,480 --> 00:21:06,880 scoring at all. It's pretty hard to be an NBA 524 00:21:06,880 --> 00:21:08,760 player, right? It's it's, it's pretty tough. 525 00:21:08,760 --> 00:21:11,320 That's right. But basically the point is that 526 00:21:11,400 --> 00:21:14,240 Satoshi is totally exit, build a new system. 527 00:21:14,520 --> 00:21:19,040 Satya is patiently wait and work your way through the bureaucracy 528 00:21:19,040 --> 00:21:21,360 to execute the turn around. Because I wouldn't say patiently 529 00:21:21,360 --> 00:21:23,120 wait. I'd say I I basically think it's 530 00:21:23,120 --> 00:21:25,200 like go to war against the broken bureaucracy. 531 00:21:25,200 --> 00:21:26,280 Sure. It's like, it's like, it's like 532 00:21:26,520 --> 00:21:27,920 you got to be the internal. Warrior. 533 00:21:27,920 --> 00:21:28,880 So that's Elon, you know. Yeah. 534 00:21:29,200 --> 00:21:32,840 Well, Katya, as far and you, you might know him better than me. 535 00:21:33,840 --> 00:21:35,920 I think he's a better diplomat than Elon. 536 00:21:36,120 --> 00:21:38,840 I don't know if he's necessarily more patient with broken things, 537 00:21:39,200 --> 00:21:40,560 so it's it's different. Right. 538 00:21:40,560 --> 00:21:41,120 Yeah. Yeah. 539 00:21:41,120 --> 00:21:42,040 Well, it's just because you don't. 540 00:21:42,040 --> 00:21:44,440 See him yelling at them and being the crazy guy doesn't mean 541 00:21:44,440 --> 00:21:46,600 he's not really fierce, just in a different. 542 00:21:46,600 --> 00:21:48,160 Way this is what's actually really interesting, like 543 00:21:48,160 --> 00:21:51,920 basically his book hit refresh. And so is it like I think 544 00:21:51,920 --> 00:21:56,320 especially with this recent open ad right where within 48 hours 545 00:21:56,520 --> 00:22:00,560 they had announced a deal like to catch and field a ball. 546 00:22:00,720 --> 00:22:03,200 Like that over the week. He's obviously super intense. 547 00:22:03,280 --> 00:22:04,440 He's super intense, right? Like that's. 548 00:22:04,440 --> 00:22:05,440 Really hard. He is at war. 549 00:22:05,440 --> 00:22:06,800 He's Claude at war. Elon is at war. 550 00:22:06,800 --> 00:22:08,920 He is at War 2. They they, I think, I think to 551 00:22:08,920 --> 00:22:12,000 be the CEO of Microsoft that it gets that position. 552 00:22:12,120 --> 00:22:14,560 You have to be a diplomat in a way that Elon doesn't have to be 553 00:22:14,920 --> 00:22:17,120 because Elon Elon's a different type of game. 554 00:22:17,120 --> 00:22:17,720 He's. Exactly. 555 00:22:17,720 --> 00:22:21,120 But it's it's unusual for somebody to something is like 556 00:22:21,120 --> 00:22:24,640 Deng Xiaoping in my in my view, because somebody who is 557 00:22:24,640 --> 00:22:28,160 diplomatic enough to work their way up but then courageous 558 00:22:28,160 --> 00:22:30,320 enough to do those kinds of things at the senior levels. 559 00:22:30,480 --> 00:22:32,280 Usually what happens is the guy who's diplomatic enough. 560 00:22:32,440 --> 00:22:34,720 I won't need memes, but the folks, they diplomatic enough to 561 00:22:34,720 --> 00:22:35,760 work their way up? No, with the lost. 562 00:22:35,760 --> 00:22:36,960 Person to rotting, they're never bulable. 563 00:22:37,000 --> 00:22:38,640 They exactly. They're two bureaucrats. 564 00:22:38,640 --> 00:22:41,200 The problem, well, the problem is, is that is that we're all 565 00:22:41,200 --> 00:22:44,000 humans and our nature is that if you have to be a certain way for 566 00:22:44,000 --> 00:22:46,520 a long time, you like change. You become that way. 567 00:22:46,560 --> 00:22:47,720 Yes. And this is something that I'm, 568 00:22:48,200 --> 00:22:49,640 I'm always determined. I always want to be a 569 00:22:49,640 --> 00:22:50,920 revolutionary. As a kid, yeah. 570 00:22:50,960 --> 00:22:52,160 Yeah. So I started. 571 00:22:52,160 --> 00:22:54,880 Like as many companies as anyone else that are big because I love 572 00:22:54,880 --> 00:22:57,640 that but but I am trying to work within the system because it's 573 00:22:57,640 --> 00:23:00,320 so important but you always got to make sure and program 574 00:23:00,320 --> 00:23:03,040 yourself not to get captured by it and start like going with 575 00:23:03,040 --> 00:23:03,960 what they want. Right. 576 00:23:03,960 --> 00:23:07,000 And and The thing is, I'm glad that you were, in a sense, it's 577 00:23:07,880 --> 00:23:10,360 one of these things where I think we're going to need both 578 00:23:10,360 --> 00:23:12,840 approaches and it's very important. 579 00:23:12,840 --> 00:23:14,720 Go ahead, having a few of us on the inside is useful. 580 00:23:14,720 --> 00:23:19,080 It's exactly and and I think like So what I'm doing is I am 581 00:23:19,080 --> 00:23:21,960 obviously I'm, you know I'm in Singapore but I'm also investing 582 00:23:21,960 --> 00:23:23,800 a lot in India. In fact, I just had a tweet on 583 00:23:23,800 --> 00:23:26,440 this that the the Prime Minister retweeted When? 584 00:23:26,800 --> 00:23:28,000 He's when he's slowly. Following you. 585 00:23:28,080 --> 00:23:29,240 Yeah, that's right. It's good. 586 00:23:29,280 --> 00:23:31,960 And and what I want to do is, you know, I think a lot of 587 00:23:31,960 --> 00:23:35,080 Americans now recognize that India is sort of back on the 588 00:23:35,080 --> 00:23:36,240 world stage. It's like. 589 00:23:36,400 --> 00:23:37,880 It's executing out. It's something like they're 590 00:23:37,880 --> 00:23:40,960 saying we are bullish on III is in an amazing position. 591 00:23:40,960 --> 00:23:43,480 You know I've I've, I've, I've always hired people there. 592 00:23:43,480 --> 00:23:46,560 I, I, I of course, but to like, but to put it differently, like 593 00:23:46,560 --> 00:23:49,400 20 years ago or maybe 15 years ago when I was hiring people 594 00:23:49,400 --> 00:23:52,200 there, if I'm totally honest. They're they're like. 595 00:23:52,400 --> 00:23:54,600 Five years ago, yeah. It was like it was like you 596 00:23:54,720 --> 00:23:56,720 passed the easy well the five problems to them. 597 00:23:56,760 --> 00:23:59,000 Yes. Now for some of my teams for out 598 00:23:59,000 --> 00:24:01,480 of par for open Gov for other companies we we give them the 599 00:24:01,480 --> 00:24:02,800 hard problems. Yes, right. 600 00:24:02,800 --> 00:24:05,520 And and and all of that like I've taken, there's like you 601 00:24:05,520 --> 00:24:07,760 know companies like people who were at Fresh Works left and 602 00:24:07,760 --> 00:24:10,800 started Rocket Lane and we're very proud big investors very 603 00:24:10,800 --> 00:24:12,960 early there And and there's there's there's I mean right 604 00:24:12,960 --> 00:24:14,920 Series HX. I love to do more Series HX and 605 00:24:14,920 --> 00:24:17,320 I'm very bullish on it. The thing about that is I feel 606 00:24:17,320 --> 00:24:19,880 it's still it's it's funny, I don't mean it's a purely a 607 00:24:19,880 --> 00:24:23,200 market sense, but I do think India is underpriced on the 608 00:24:23,200 --> 00:24:24,720 world stage. People don't, people don't 609 00:24:24,720 --> 00:24:28,800 realize how important it's going to be over a 1015 year horizon. 610 00:24:28,800 --> 00:24:31,880 It's like clearly going to be like the dominant part of the 611 00:24:31,880 --> 00:24:34,000 world, that it's going to be extremely wealthy and people 612 00:24:34,000 --> 00:24:35,680 still think of India as poor, which it kind of. 613 00:24:35,680 --> 00:24:37,200 It is, It is, But it's improving. 614 00:24:37,200 --> 00:24:39,720 But if you kind of see where it's going, it's like clearly 615 00:24:39,720 --> 00:24:41,840 going to be a very wealthy very. Powerful country. 616 00:24:41,840 --> 00:24:43,320 Yeah. And I think, you know, here's 617 00:24:43,320 --> 00:24:45,240 my, I love to hear your take on this. 618 00:24:45,240 --> 00:24:49,360 And so my my view is there's about like 7 million Indians in 619 00:24:49,360 --> 00:24:50,480 the diaspora. It's actually not that. 620 00:24:50,760 --> 00:24:51,720 Rather. No. 621 00:24:51,840 --> 00:24:52,880 Yeah, well, there must be more than. 622 00:24:52,880 --> 00:24:56,320 That so so rather in I should be more clear in the US, UK, 623 00:24:56,320 --> 00:24:58,320 Canada, Australia. OK, right. 624 00:24:58,360 --> 00:25:00,880 So so it's in the. Yeah exactly that's right. 625 00:25:00,880 --> 00:25:04,760 And there's more in like Saudi Arabia and in Dubai, a lot of 626 00:25:04,760 --> 00:25:06,160 the foreign. Indians in the Middle East, for 627 00:25:06,160 --> 00:25:07,400 sure. Yeah, I have men who run things 628 00:25:07,400 --> 00:25:08,200 there too. That's right. 629 00:25:08,440 --> 00:25:09,880 But Angles fear it's only 7 million though. 630 00:25:09,920 --> 00:25:11,560 Even so. Listen, it seems like it's more 631 00:25:11,560 --> 00:25:13,280 because you guys are running like all the big tech. 632 00:25:13,280 --> 00:25:14,680 We're doing all right, basically. 633 00:25:14,720 --> 00:25:18,400 So here's my my view is that if there's 7 million abroad who are 634 00:25:18,400 --> 00:25:20,800 doing this? Well, there's one point for a 635 00:25:20,800 --> 00:25:23,960 billion Indians total if you even say. 636 00:25:24,400 --> 00:25:27,160 Now obviously the group abroad are a select subsets and they. 637 00:25:27,160 --> 00:25:29,880 Probably have some advantages on average, yes, from people who 638 00:25:29,880 --> 00:25:31,600 they are totally. Right, Because it's hard to do 639 00:25:31,600 --> 00:25:34,320 all the immigration stuff. But let's say you say, and this 640 00:25:34,320 --> 00:25:38,600 is a guesstimate, anywhere between 1 to 5% of India can 641 00:25:38,600 --> 00:25:40,640 play at that same level. I think that's probably 642 00:25:40,640 --> 00:25:42,080 reasonable. I think that's very, very 643 00:25:42,080 --> 00:25:44,200 reasonable to say. 5%, yeah. So it's 5%. 644 00:25:44,200 --> 00:25:47,040 That's 70 million people. So whatever the Indian diaspora 645 00:25:47,040 --> 00:25:49,520 is doing now, 10X that, it's amazing. 646 00:25:49,600 --> 00:25:51,320 And that's a real that's a really big thing. 647 00:25:51,720 --> 00:25:54,040 We got to be like India and frankly the world needs India 648 00:25:54,040 --> 00:25:55,600 because we need more innovation in the world. 649 00:25:55,600 --> 00:25:58,280 We need more more wealth, we need more people solving 650 00:25:58,280 --> 00:25:59,440 problems. We need more good guys. 651 00:25:59,520 --> 00:26:02,440 I I think, you know, I mean basically even though India is a 652 00:26:02,440 --> 00:26:07,200 cousin of rather than a sibling of like Europe and the West. 653 00:26:07,200 --> 00:26:12,760 And so that's why it does share a certain set of, you know, what 654 00:26:12,800 --> 00:26:14,680 I call it now is I call it intranet values. 655 00:26:14,680 --> 00:26:17,680 Did I talk to you about this? So here's here's the theories. 656 00:26:17,680 --> 00:26:20,880 It was like many, many years ago, people used to talk about 657 00:26:20,880 --> 00:26:23,080 Europe in terms of like Christendom, right? 658 00:26:23,080 --> 00:26:25,240 And that was used to delineate. It was like an explicitly 659 00:26:25,240 --> 00:26:27,720 religious conception. Religious but a set of values. 660 00:26:27,720 --> 00:26:28,720 The set of values. That's right. 661 00:26:29,040 --> 00:26:32,320 And then that became the more secular concept of the West, 662 00:26:32,520 --> 00:26:36,520 which included America, which was more geographical, more 663 00:26:36,520 --> 00:26:39,000 secular as quasi geographic, right, like the West. 664 00:26:39,000 --> 00:26:40,960 And and by the way, even as a Jew, I do appreciate 665 00:26:40,960 --> 00:26:42,520 Christendom. There was the savage world out 666 00:26:42,520 --> 00:26:44,320 there back then, right? There was there was like it was 667 00:26:44,320 --> 00:26:46,640 good stuff overall. Yeah, and Judaism is adjacent to 668 00:26:46,640 --> 00:26:48,520 Christianity, you know? What it is, and they were, and I 669 00:26:48,560 --> 00:26:50,200 mean they were nasty to us in Europe a lot. 670 00:26:50,360 --> 00:26:52,800 But on a relative basis, Christendom was like a good part 671 00:26:52,800 --> 00:26:53,640 of the world, sure. Right. 672 00:26:53,640 --> 00:26:56,000 And so, so that cost of the West. 673 00:26:56,000 --> 00:26:59,040 Now one of the reasons I've been thinking a lot about this is if 674 00:26:59,160 --> 00:27:01,520 you know you or I, we speak at tech conferences, we're all this 675 00:27:01,520 --> 00:27:04,440 place around the world. And you know I was, I was just 676 00:27:04,440 --> 00:27:07,720 at like a some event whether it's in Dubai or Singapore or 677 00:27:07,720 --> 00:27:09,960 South Korea or something like that and they're play. 678 00:27:10,160 --> 00:27:11,040 Go ahead. It's just funny. 679 00:27:11,040 --> 00:27:12,360 You don't know it's a buy or South Korea. 680 00:27:12,360 --> 00:27:14,160 You're all over the. Place all over the place, right. 681 00:27:14,160 --> 00:27:16,640 Because crypto in particular is global, right? 682 00:27:17,000 --> 00:27:19,760 And you know there's somebody on stage and they were talking 683 00:27:19,760 --> 00:27:22,600 about, you know, free speech and free markets, but they were of 684 00:27:22,600 --> 00:27:27,000 non western descent and they had a non western accent and there's 685 00:27:27,000 --> 00:27:29,680 a group of non westerners, but everybody's nodding, right, I 686 00:27:29,720 --> 00:27:31,520 love it. And So what I realized is I was 687 00:27:31,520 --> 00:27:34,240 like, OK, eventually I was able to put a phrase on it. 688 00:27:34,560 --> 00:27:39,080 What we actually believe in is Internet values as like sort of 689 00:27:39,080 --> 00:27:40,520 the V3. You know, you go from 690 00:27:40,520 --> 00:27:42,360 Christendom to Western values to Internet values. 691 00:27:42,400 --> 00:27:43,440 So what are you, my Internet values? 692 00:27:43,640 --> 00:27:45,560 That's the phrase I'm using now. Maybe I can come up with an even 693 00:27:45,560 --> 00:27:47,400 better one, right. Internet values, technology 694 00:27:47,400 --> 00:27:48,160 values. What does that mean? 695 00:27:48,160 --> 00:27:50,560 That's peer-to-peer. It's freedom of speech. 696 00:27:50,560 --> 00:27:52,400 It's free markets. It's open source. 697 00:27:52,680 --> 00:27:55,840 It is fair competition. It's meritocracy. 698 00:27:56,080 --> 00:27:59,040 It's capitalism. It's property rights. 699 00:27:59,040 --> 00:28:01,640 It is. But it's also, you know, 700 00:28:01,840 --> 00:28:05,520 opportunity for anybody, right? It is taking a bet on somebody 701 00:28:05,520 --> 00:28:07,360 who has no name. It can't seem to level. 702 00:28:07,360 --> 00:28:09,320 Up It's fundamentally A classically liberal floss. 703 00:28:09,520 --> 00:28:12,160 It's classically liberal, but it's like the sort of muscular 704 00:28:12,720 --> 00:28:15,080 21st century version of that, right? 705 00:28:15,280 --> 00:28:18,640 And when I say intraday values, everybody nods and they're like, 706 00:28:18,640 --> 00:28:20,680 I get, they instantly kind of get what I'm saying. 707 00:28:20,680 --> 00:28:22,160 They know that. It's as the desaleration and 708 00:28:22,160 --> 00:28:24,160 growth versus deceleration and and D growth. 709 00:28:24,160 --> 00:28:25,760 That's right. And so you can only see what 710 00:28:25,760 --> 00:28:27,800 something is by what it's not. You know who's against intraday 711 00:28:27,800 --> 00:28:29,720 values? Washington, DC and Beijing, 712 00:28:30,320 --> 00:28:31,200 right? Many of them. 713 00:28:31,400 --> 00:28:32,680 Many of them. They're many of the bureaucrats. 714 00:28:32,720 --> 00:28:35,000 Many of the bureaucrats, they're for Internet censorship. 715 00:28:35,200 --> 00:28:37,960 They're for, you know, filtering, bans, you know, all 716 00:28:37,960 --> 00:28:40,000 this kind of stuff. They want to ban compute, They 717 00:28:40,000 --> 00:28:42,080 want to regulate this, They want to throttle that. 718 00:28:42,200 --> 00:28:43,920 They want to go after Jack, Ma and Elon. 719 00:28:43,920 --> 00:28:46,200 Musk, They want to make us safe. They want to get safe. 720 00:28:46,200 --> 00:28:47,880 They want to give up. They want to give up liberty for 721 00:28:47,880 --> 00:28:49,160 safety. Exactly what our founders said 722 00:28:49,160 --> 00:28:50,000 not to. Exactly. 723 00:28:50,000 --> 00:28:52,080 That's right. So Internet values, I feel is 724 00:28:52,080 --> 00:28:56,560 the right like sort of term that groups a lot of people together. 725 00:28:56,720 --> 00:28:58,920 You kind of want that right? Free sometimes as like an 726 00:28:58,920 --> 00:29:03,160 umbrella term and an Internet at the very beginning. 727 00:29:03,160 --> 00:29:04,360 You need to get the digital right. 728 00:29:04,480 --> 00:29:07,280 We did believe that in person was very important, but yes, so 729 00:29:07,440 --> 00:29:09,840 but, but you can compete with Yellen, Harvard directly. 730 00:29:09,840 --> 00:29:12,320 But you're right, the Internet framework is key. 731 00:29:12,400 --> 00:29:14,120 That's right. And even every area for 732 00:29:14,160 --> 00:29:16,440 education, for example, AI tutoring is going to be a big 733 00:29:16,440 --> 00:29:18,960 deal. For law, it's smart contracts, 734 00:29:18,960 --> 00:29:20,640 it's automation of legal work with AI. 735 00:29:20,880 --> 00:29:23,880 For medicine it is. It was a zillion AI applicant. 736 00:29:24,040 --> 00:29:27,480 The digital now hit so many different areas that if you 737 00:29:27,480 --> 00:29:30,720 don't have the Internet first, Internet values perspective on 738 00:29:30,720 --> 00:29:32,640 things, that's something actually you can bring in a 739 00:29:32,640 --> 00:29:34,960 broad coalition. Internet values doesn't exclude 740 00:29:34,960 --> 00:29:38,960 India, It doesn't exclude like tech guys and in Japan, but you 741 00:29:38,960 --> 00:29:41,880 know it does exclude it. This is the other flip side of 742 00:29:41,880 --> 00:29:43,840 it. Unfortunately, a lot of people 743 00:29:43,840 --> 00:29:46,640 who are geographically or physically in the West don't 744 00:29:46,640 --> 00:29:49,000 believe in Western values. They hate Western. 745 00:29:50,000 --> 00:29:51,480 A lot of them. There's a lot of them, right? 746 00:29:51,680 --> 00:29:55,680 So the guy like a small example is the guy who's smashing. 747 00:29:55,800 --> 00:29:57,880 You see the self driving car like the guy who attacks self 748 00:29:57,880 --> 00:29:59,480 driving car with a hammer. So crazy. 749 00:29:59,480 --> 00:30:00,640 So stupid. OK, I can't. 750 00:30:00,640 --> 00:30:02,520 Believe they won and turned it off in San Francisco. 751 00:30:02,560 --> 00:30:03,520 They won. Exactly. 752 00:30:03,520 --> 00:30:05,760 It's terrible. So this is The thing is my view 753 00:30:05,760 --> 00:30:09,680 is that Coalition is at least strong enough to push things 754 00:30:09,680 --> 00:30:11,600 back in the garage. Now This is why this is, this 755 00:30:11,600 --> 00:30:13,240 is, this is what I do. I have to fight these guys. 756 00:30:13,440 --> 00:30:16,000 We need to bring him back, right? 757 00:30:16,200 --> 00:30:18,040 Actually, one way I was actually, I'll to say this is 758 00:30:18,040 --> 00:30:20,160 like, so in San Francisco, we knew there's a big mural of 759 00:30:20,160 --> 00:30:22,520 somebody and they're not actually a San Franciscan. 760 00:30:22,520 --> 00:30:24,840 Do you know what I'm talking? About I think I saw you posted 761 00:30:24,840 --> 00:30:27,600 this as Greta Thunberg, right? Yes, she's like that motto of 762 00:30:27,600 --> 00:30:29,800 like Global Deceler deceleration degrowth. 763 00:30:29,880 --> 00:30:31,360 Exactly. And that gives the game away, 764 00:30:31,360 --> 00:30:33,240 because she's not San Franciscan. 765 00:30:33,240 --> 00:30:36,320 She's not even American, right? She's on the other side of the 766 00:30:36,320 --> 00:30:38,560 world. But then it gives the game away 767 00:30:38,560 --> 00:30:41,760 that like woke and deceleration and whatever you want to call it 768 00:30:41,760 --> 00:30:43,480 global. Coalition of Deceleration. 769 00:30:43,480 --> 00:30:46,120 Yeah, exactly. It's not about a country. 770 00:30:46,120 --> 00:30:48,520 It's about this. Global movement, it really is 771 00:30:48,520 --> 00:30:50,680 like the forces of evil versus the forces of gun. 772 00:30:50,680 --> 00:30:52,400 And we have to be like clear there's light and there's 773 00:30:52,400 --> 00:30:54,920 darkness in the world. And like, I don't think people 774 00:30:54,920 --> 00:30:57,280 realize how much like degrowth means darkness. 775 00:30:57,280 --> 00:31:00,560 Like if we have no growth world, that is a world full of war, 776 00:31:00,560 --> 00:31:02,200 like we will be at war of that. World. 777 00:31:02,200 --> 00:31:03,920 That's right. Because basically you you bring 778 00:31:03,920 --> 00:31:05,760 down when you shrink the pie, people start fighting. 779 00:31:05,880 --> 00:31:08,400 The black people all fight over the pie, that you're basically 780 00:31:08,440 --> 00:31:10,440 condemning us to a dark, Dark World. 781 00:31:11,000 --> 00:31:12,640 And I mean, I don't think she knows that. 782 00:31:12,640 --> 00:31:14,880 She's just a naive girl who wants to go along with whatever 783 00:31:14,920 --> 00:31:16,840 is going on. Yes, I don't think. 784 00:31:16,840 --> 00:31:19,040 I don't think she's evil. I mean, she is, I don't know. 785 00:31:19,240 --> 00:31:21,360 But, but, but she's a symbol of something that is very evil. 786 00:31:21,360 --> 00:31:22,240 And very dark. That's right. 787 00:31:22,240 --> 00:31:25,080 Even if you take, even if we take it abstract out from any 788 00:31:25,080 --> 00:31:29,400 person the meta Organism, you know that is like the way I 789 00:31:29,400 --> 00:31:32,400 think about this is think about like an Ant colony is there does 790 00:31:32,400 --> 00:31:34,040 any Ant know what they're doing? No. 791 00:31:34,040 --> 00:31:36,480 But there's sort of like a swarm intelligence. 792 00:31:36,480 --> 00:31:38,000 There's a system, yes. There's just right. 793 00:31:38,120 --> 00:31:40,680 So swarm intelligence that exists when like, you know, 794 00:31:40,680 --> 00:31:43,000 flocks of birds and things like that, there's like a swarm 795 00:31:43,000 --> 00:31:45,800 intelligence where it it just like the cells of our body. 796 00:31:46,120 --> 00:31:48,320 They don't, they don't know what's going on or, but it kind 797 00:31:48,320 --> 00:31:49,840 of works together in a certain way, right. 798 00:31:50,200 --> 00:31:53,600 And in the same way that like communism and capitalism were 799 00:31:53,600 --> 00:31:56,880 like swarm intelligences in the 20th century that both, you 800 00:31:56,880 --> 00:32:01,080 know, they clashed in Korea. And that wasn't like local 801 00:32:01,080 --> 00:32:03,440 politics. That was like global politics, 802 00:32:03,480 --> 00:32:06,440 you know, where North Korea and South Korea were like, you know, 803 00:32:06,440 --> 00:32:09,360 these, these forces of good and evil on both sides clash, right. 804 00:32:09,800 --> 00:32:12,120 And that's what like Wolf versus tech is to me. 805 00:32:12,320 --> 00:32:14,640 Like book is like the communist side and tech is like the 806 00:32:14,640 --> 00:32:15,920 capitalist side. It really is. 807 00:32:16,040 --> 00:32:18,040 Yeah, right. And so San Francisco is not 808 00:32:18,160 --> 00:32:20,640 about, like, local politics. It's a clash of clouds. 809 00:32:20,800 --> 00:32:23,200 This moral clarity has been very helpful for me the last few 810 00:32:23,200 --> 00:32:26,040 years. I've always kind of even like 811 00:32:26,080 --> 00:32:28,640 myself who's very strong. I've kind of hedged a little bit 812 00:32:28,840 --> 00:32:30,960 and now I think it's just become very clarity. 813 00:32:30,960 --> 00:32:33,040 It's very healthy, you know. You know, You know, you have 814 00:32:33,040 --> 00:32:35,920 those pictures where it's like the really dumb caveman. 815 00:32:36,080 --> 00:32:37,240 And then. Yeah, yeah, person. 816 00:32:37,240 --> 00:32:38,400 And then there's like the wizard. 817 00:32:38,440 --> 00:32:40,200 Yeah. It's like the caveman believes 818 00:32:40,200 --> 00:32:42,160 in good and evil. And then, like, it's 819 00:32:42,160 --> 00:32:43,720 complicated. It's complicated. 820 00:32:43,720 --> 00:32:45,160 And then, like the wizard. Like, it's good and evil. 821 00:32:45,160 --> 00:32:46,960 Yes. And then you actually need this 822 00:32:47,120 --> 00:32:49,560 framework to understand modern society and to be on this side 823 00:32:49,560 --> 00:32:51,120 of good. I agree with that and I think 824 00:32:51,120 --> 00:32:54,560 that in particular like the the Greta thing, here's here's the 825 00:32:54,560 --> 00:32:57,840 thing that's a synthesis maybe our term views, right, which is 826 00:32:59,840 --> 00:33:04,440 Greta shows that the woke the mind virus or the meta Organism 827 00:33:04,440 --> 00:33:05,760 or whatever we want to call it, right? 828 00:33:07,200 --> 00:33:09,920 That that is pulling resources from abroad, right. 829 00:33:10,080 --> 00:33:12,560 It's by the way, global conflict and it's doing, for example, it 830 00:33:12,560 --> 00:33:14,880 tries to get all the governments to work together to ban AI. 831 00:33:15,200 --> 00:33:16,600 Yeah. Did the European government like 832 00:33:16,600 --> 00:33:19,200 this source of a lot of this? I think it's like really bad 833 00:33:19,200 --> 00:33:19,880 stuff. That's right. 834 00:33:19,880 --> 00:33:22,760 And and you know the the worst is if they can manage to link up 835 00:33:22,760 --> 00:33:26,080 with the Chinese like the Newsome Z kind of thing that you 836 00:33:26,080 --> 00:33:27,880 know, they're flirting. You saw that thing, right. 837 00:33:27,880 --> 00:33:28,720 This. Is like this is like the 838 00:33:28,720 --> 00:33:30,680 European governments have always been friends with Putin and with 839 00:33:30,680 --> 00:33:33,520 China, and they're, I think a lot of them are bribed by both 840 00:33:33,520 --> 00:33:36,080 Russia and China. But it's like, you know, there's 841 00:33:36,080 --> 00:33:39,720 just so much money to be made that basically people will, you 842 00:33:39,720 --> 00:33:42,000 know, sacrifice today for tomorrow, right? 843 00:33:42,280 --> 00:33:46,920 And it could be, you know, like, but with the new SIM Z thing. 844 00:33:46,920 --> 00:33:49,520 That to me is concerning because that would link up two 845 00:33:49,520 --> 00:33:52,240 censorship regimes and make them cooperate rather than compete in 846 00:33:52,240 --> 00:33:55,720 a bad way. So my view is if WOKE has global 847 00:33:55,720 --> 00:33:59,360 allies, tech can't think of itself as solely American. 848 00:33:59,600 --> 00:34:00,960 We need, we need to have global allies. 849 00:34:00,960 --> 00:34:02,280 We need global allies. You're helping. 850 00:34:02,280 --> 00:34:04,920 You're helping build some allies out out here for us for. 851 00:34:05,000 --> 00:34:07,640 Americans exactly from India and from everywhere. 852 00:34:07,640 --> 00:34:09,639 And to work together with the Indians 100%. 853 00:34:09,679 --> 00:34:11,760 Exactly. And India is also fighting that 854 00:34:11,760 --> 00:34:13,679 same mind virus locally in India. 855 00:34:13,960 --> 00:34:16,000 And so then once we all kind of realize, it's like. 856 00:34:16,360 --> 00:34:18,239 It's like, how's that? How's that going in India? 857 00:34:18,239 --> 00:34:20,520 Like, like is like, do they have all sorts of like, I mean, they 858 00:34:20,520 --> 00:34:22,880 can't tell me as much DEI nonsense as we do in the US, for 859 00:34:22,880 --> 00:34:23,600 example? No, no. 860 00:34:23,719 --> 00:34:25,360 No, you'd be surprised. They have their own version of 861 00:34:25,360 --> 00:34:28,120 it, and it's worse in some ways and it's better in other ways 862 00:34:28,320 --> 00:34:29,719 sometimes. You know, we see two business 863 00:34:29,719 --> 00:34:33,199 plans and one guy turns out to be, I actually know the 864 00:34:33,199 --> 00:34:34,840 Friendster guy. So no offense to the Friendster 865 00:34:34,840 --> 00:34:37,159 guy, OK? But like, we, we see two 866 00:34:37,159 --> 00:34:39,120 business plans and they're using the same words. 867 00:34:39,120 --> 00:34:41,320 I'm going to build a social network, but one turns out to be 868 00:34:41,320 --> 00:34:42,600 Friendster. One turns out to be Facebook, 869 00:34:42,920 --> 00:34:46,440 you know, and this is actually really important because a lot 870 00:34:46,440 --> 00:34:49,600 of people think that the words and the the the execution are 871 00:34:49,600 --> 00:34:51,800 the same thing or the execution is easy given the words and it's 872 00:34:51,800 --> 00:34:52,520 not. Right. 873 00:34:52,520 --> 00:34:55,800 And one of the things I've observed is the same words that 874 00:34:55,800 --> 00:34:59,800 people will say in the US or especially in blue America. 875 00:35:00,000 --> 00:35:02,480 They'll often say similar sounding words in India, but 876 00:35:02,480 --> 00:35:05,240 it'll work in India and it won't work in in blue America. 877 00:35:05,240 --> 00:35:07,800 Like, a small example is you saw the California high speed Rail 878 00:35:08,000 --> 00:35:10,720 100 disaster, $100 billion to nothing, but they're still 879 00:35:10,720 --> 00:35:13,920 arguing for more money online. OK, that they're still arguing 880 00:35:13,920 --> 00:35:16,760 for it because they're they just think that the words I think 881 00:35:16,760 --> 00:35:19,000 it's they think it's like clicking some on Amazon.com. 882 00:35:20,000 --> 00:35:20,880 Right, it's so. Crazy. 883 00:35:20,960 --> 00:35:23,520 It's funny, they really don't. They think if you have enough 884 00:35:23,520 --> 00:35:25,120 money, everything else is just straightforward. 885 00:35:25,120 --> 00:35:27,280 No problem. This must be a combination of 886 00:35:27,280 --> 00:35:29,440 like corrupt people with really stupid people. 887 00:35:29,440 --> 00:35:31,440 It's like useful idiots helping the corrupt people. 888 00:35:31,440 --> 00:35:33,440 It's it's I think it's both this, but it's also something 889 00:35:33,440 --> 00:35:36,800 where I, you know, we both came out of it. 890 00:35:36,800 --> 00:35:39,320 I mean, I guess me more academia than you in the sense I spent 891 00:35:39,320 --> 00:35:42,600 more time in academia, right. But in academia, there is so 892 00:35:42,600 --> 00:35:45,120 much emhasis on getting the the ideas correct. 893 00:35:45,120 --> 00:35:46,880 And some of the ideas are genuinely hard, some of the 894 00:35:46,880 --> 00:35:48,920 math, the chemistry, the computer science and so on. 895 00:35:49,360 --> 00:35:51,360 And then it's thought that the business part of that is just, 896 00:35:51,640 --> 00:35:53,440 eh, meh, trivial, right? Yeah. 897 00:35:53,800 --> 00:35:55,480 And then when you actually go and do it, you're like, whoa, 898 00:35:55,480 --> 00:35:57,600 this is. More engineering operations are 899 00:35:57,600 --> 00:35:59,560 actually more of it. And not to say the core idea 900 00:35:59,560 --> 00:36:01,600 isn't important sometimes. Like if it's a cryptography 901 00:36:01,600 --> 00:36:03,160 breakthrough, it's a math breakthrough sometimes. 902 00:36:03,160 --> 00:36:06,040 It's like, but the economics don't understand that the actual 903 00:36:06,040 --> 00:36:08,560 idea that matters is how systems working out, incentives working 904 00:36:08,560 --> 00:36:10,640 out accountability works. So those ideas are not even 905 00:36:10,640 --> 00:36:11,880 right when it comes to the government. 906 00:36:11,880 --> 00:36:13,320 Yes. And the only way they actually 907 00:36:13,320 --> 00:36:15,080 learn it is, you know, it's funny. 908 00:36:15,080 --> 00:36:17,560 I think you and I both observed this hundreds of times, the 909 00:36:17,560 --> 00:36:20,320 guaranteed way to turn somebody from a socialist into like, 910 00:36:20,320 --> 00:36:22,400 like, how do you turn a socialist professor into a 911 00:36:22,400 --> 00:36:24,240 capitalist CEO? They found a startup. 912 00:36:24,680 --> 00:36:27,440 Because you have to apply what works and you have to take the 913 00:36:27,440 --> 00:36:28,840 ideas of a free society and apply. 914 00:36:28,840 --> 00:36:30,320 Otherwise you're not going to succeed pretty much. 915 00:36:30,400 --> 00:36:32,280 Yeah, and you know it was seriously against there is 916 00:36:32,280 --> 00:36:34,960 actually common DNA between the social professor and capitalist 917 00:36:34,960 --> 00:36:36,520 CEO. You know it is what it is, is 918 00:36:36,680 --> 00:36:38,920 they both deeply feel they should be in charge. 919 00:36:40,080 --> 00:36:41,480 Isn't that good? It's fair, right. 920 00:36:42,040 --> 00:36:46,720 So what I've seen in folks go from being you know, Marxist ish 921 00:36:46,720 --> 00:36:50,560 leaning CS guys to founding a company, they're like ultra 922 00:36:50,560 --> 00:36:52,640 libertarians, like 3. The moment they have to do some 923 00:36:52,640 --> 00:36:56,360 of the crazy paperwork and they go off the W2 and they go to, 924 00:36:56,600 --> 00:36:59,600 you know, all the crazy regulation stuff, they're like, 925 00:36:59,600 --> 00:37:01,680 I can't believe I would say this is. 926 00:37:01,720 --> 00:37:04,000 Well, they realize these these bureaucrats are not that bright. 927 00:37:04,000 --> 00:37:06,040 And then they realize the system's not designed correctly. 928 00:37:06,040 --> 00:37:08,520 And and then they and then they realize the incentives is what 929 00:37:08,520 --> 00:37:10,240 really matters and accountability is what really 930 00:37:10,240 --> 00:37:12,640 matters of measuring things and iterating, which our government 931 00:37:12,880 --> 00:37:15,240 does not do and cannot do without the ownership side of 932 00:37:15,240 --> 00:37:16,160 it. There's just all these things 933 00:37:16,160 --> 00:37:17,360 you need. That's right, And that's why, 934 00:37:17,360 --> 00:37:19,040 actually. So here's an education idea for 935 00:37:19,040 --> 00:37:20,160 you. Maybe, you know, you might think 936 00:37:20,640 --> 00:37:23,120 of it. K through 12, I think is just 937 00:37:23,120 --> 00:37:25,600 basically 1213 years of jail for the most part, right. 938 00:37:25,600 --> 00:37:27,400 It's done terribly. It's done terribly. 939 00:37:27,440 --> 00:37:31,320 OK, So one thought I've had for a long time is what if you and 940 00:37:31,320 --> 00:37:33,240 and that you can do much more radical reforms of this, but 941 00:37:33,240 --> 00:37:35,600 maybe this is a piece of it. Take the budget that you would 942 00:37:35,600 --> 00:37:38,280 have wasted on the last year of high school or whatever, OK. 943 00:37:38,280 --> 00:37:42,800 And instead just give it to the kids as cash and say you've got 944 00:37:42,800 --> 00:37:45,520 a year to do a business. And the reason is, you know 945 00:37:45,520 --> 00:37:48,240 parents already spend a huge chunk of savings on their 946 00:37:48,240 --> 00:37:50,480 college education. That's like that's like they're 947 00:37:50,480 --> 00:37:52,160 like starter money or whatever to do something. 948 00:37:52,520 --> 00:37:55,280 If instead that was their seed fund to go and start a business, 949 00:37:55,400 --> 00:37:59,520 here's what happened, right 99% of them would fail or whatever 950 00:37:59,520 --> 00:38:01,320 number, maybe 95. You know some of them might do 951 00:38:01,320 --> 00:38:04,080 plumbing or other something else that's got lower risk, which is 952 00:38:04,080 --> 00:38:05,200 fine. We don't know the exact number, 953 00:38:05,200 --> 00:38:07,800 but let's even say the cigar, even 99% of them fail. 954 00:38:08,200 --> 00:38:11,400 That failure is actually good. And the reason it's good is all 955 00:38:11,400 --> 00:38:16,840 these kids, by doing by playing basketball or by using like a 956 00:38:16,840 --> 00:38:19,560 musical instrument or looking in the mirror, they could see 957 00:38:19,560 --> 00:38:22,960 whether they could be an NBA star or a great musician or a 958 00:38:22,960 --> 00:38:24,360 model or something like that, right? 959 00:38:24,720 --> 00:38:27,320 And so then they believe that those people in those careers 960 00:38:27,320 --> 00:38:29,120 have meritorious earnings. Yep. 961 00:38:29,560 --> 00:38:31,840 But they think that being a CEO is just putting your feet up on 962 00:38:31,840 --> 00:38:33,280 a desk. I love them. 963 00:38:33,280 --> 00:38:35,440 Don't understand. What's actually going on? 964 00:38:35,560 --> 00:38:38,280 So just by allowing them, just like you have Phys Ed, they pick 965 00:38:38,280 --> 00:38:40,240 up a ball and they could see how good or bad they are. 966 00:38:40,440 --> 00:38:41,480 Right. There should be something where 967 00:38:41,480 --> 00:38:43,520 they get actual real experience at entrepreneurs. 968 00:38:43,520 --> 00:38:46,960 Get their CEO degree as their what you call it, CEO, boss, 969 00:38:46,960 --> 00:38:48,080 President or something like that. 970 00:38:48,280 --> 00:38:50,880 You give them the money and the ability to actually run a 971 00:38:50,880 --> 00:38:54,720 company and for them to feel. Is the greatest education there. 972 00:38:54,720 --> 00:38:57,720 My friend Joe Lamont's one of the top guys in Austin in tech 973 00:38:57,720 --> 00:38:59,440 and I didn't even got to know him at all when you were there. 974 00:38:59,440 --> 00:39:01,440 He had trilogy, and so he. Oh, the trilogy guy? 975 00:39:01,440 --> 00:39:03,000 OK, I didn't know what he. Was called Alpha. 976 00:39:03,320 --> 00:39:05,240 He and and they do something similar. 977 00:39:05,240 --> 00:39:06,680 Alpha the kids learn twice as fast. 978 00:39:06,680 --> 00:39:08,440 They're they're in charge of their own learning and they 979 00:39:08,440 --> 00:39:10,680 learn how to learn. But he also gives them projects 980 00:39:10,680 --> 00:39:12,600 when they're young and they love and build businesses. 981 00:39:12,600 --> 00:39:14,360 I've been on the phone with a few of these kids in Austin and 982 00:39:14,360 --> 00:39:17,200 met a couple of them who built amazing things and like 9th, 983 00:39:17,200 --> 00:39:19,040 10th, 11th grade and he gets to raise them a lot of freedom to 984 00:39:19,040 --> 00:39:20,360 do, which I think is very healthy to try and. 985 00:39:20,360 --> 00:39:21,160 Learn. It's very healthy. 986 00:39:21,880 --> 00:39:23,240 The thing about it is it's win, win. 987 00:39:23,240 --> 00:39:25,640 Because if they succeed, of course they're growing the 988 00:39:25,640 --> 00:39:27,880 economy. You know, actually, you know, 989 00:39:27,880 --> 00:39:30,600 Nigeria had this business plan competition. 990 00:39:30,920 --> 00:39:33,440 And there's this guy who wrote he's like, is this the most 991 00:39:33,440 --> 00:39:35,920 effective form of foreign aid ever? 992 00:39:36,280 --> 00:39:37,200 I love it. Yeah, OK. 993 00:39:37,200 --> 00:39:39,680 Because it's literally teach a man to fish and it was like 994 00:39:39,760 --> 00:39:42,640 relatively small amount of money, but they actually were 995 00:39:42,640 --> 00:39:44,680 actually starting businesses rather than just going for four 996 00:39:44,680 --> 00:39:46,040 days. Most of USA is just such a 997 00:39:46,320 --> 00:39:47,640 waste. It's corrupt. 998 00:39:47,640 --> 00:39:49,040 It's so dumb. And you know, it is. 999 00:39:49,160 --> 00:39:51,280 It's actually, it's basically the same as San Francisco. 1000 00:39:51,280 --> 00:39:54,480 What they want are dependents, They want pets and it's like 1001 00:39:54,480 --> 00:39:56,840 they want to have more budget. It's like, how racist, right? 1002 00:39:56,840 --> 00:39:59,080 It's like you think these people, and it's so funny 1003 00:39:59,080 --> 00:40:01,280 because they're now they're on the left doing it, is a neo 1004 00:40:01,280 --> 00:40:02,480 colonialism, yeah. So they. 1005 00:40:02,600 --> 00:40:04,880 They're bringing in their woke values and trying to oppose the 1006 00:40:04,880 --> 00:40:06,360 same way we opposed our values in the past. 1007 00:40:06,360 --> 00:40:08,760 They're proposing today's value. And it's and it's the worst 1008 00:40:08,760 --> 00:40:10,640 version. And basically they did, they did 1009 00:40:10,640 --> 00:40:13,520 this in India for many reasons, for many, for many years. 1010 00:40:13,760 --> 00:40:18,040 And they they basically want like brown pets, you know? 1011 00:40:18,360 --> 00:40:21,320 And it's it's like the same mentality as like having dogs, 1012 00:40:21,600 --> 00:40:22,480 you know, or whatever, like that's. 1013 00:40:22,760 --> 00:40:25,240 At least at least of the India which was the very bad is they 1014 00:40:25,240 --> 00:40:27,480 were trying to make money off of India too, which was later was 1015 00:40:27,480 --> 00:40:28,560 later though. Yeah. 1016 00:40:28,560 --> 00:40:31,240 So that's The thing is once you move from aid to trade, that's 1017 00:40:31,240 --> 00:40:33,160 the key, right, Look as I think better. 1018 00:40:33,160 --> 00:40:34,960 Try making money off them, because then everyone somehow at 1019 00:40:34,960 --> 00:40:36,080 least, yeah. Exactly. 1020 00:40:36,080 --> 00:40:37,840 Like, like this is. The thing is you know what one 1021 00:40:37,840 --> 00:40:41,320 of my some of my Polks are provocative on the Capitalism is 1022 00:40:41,320 --> 00:40:42,760 the ultimate socialism. OK, why? 1023 00:40:42,800 --> 00:40:47,320 Here's why the If we take take the famous example of Teal 1024 00:40:47,320 --> 00:40:50,920 investing in Zuck in 2004, right, putting 500K in Zuck Teal 1025 00:40:50,920 --> 00:40:52,440 was much richer than Zuck at that time. 1026 00:40:53,000 --> 00:40:56,560 But Zuck's success meant that Zuck became much richer than 1027 00:40:56,560 --> 00:40:58,600 Teal. But both became absolutely 1028 00:40:58,600 --> 00:41:01,240 richer, right? And that is something which 1029 00:41:01,240 --> 00:41:03,680 charity could never do. But investment can, right? 1030 00:41:03,680 --> 00:41:07,080 With charity, the guy who's rich will give like a few drops of 1031 00:41:07,240 --> 00:41:10,160 money to the poor guy and feel good about it, but he's 1032 00:41:10,160 --> 00:41:12,280 definitely not going to make them equally as wealthy, let 1033 00:41:12,280 --> 00:41:14,840 alone like 100 extra. 10X is richer, right? 1034 00:41:15,120 --> 00:41:17,360 But investment can do that and so. 1035 00:41:17,360 --> 00:41:19,680 So that's like one way in which what we're doing is actually 1036 00:41:19,680 --> 00:41:20,400 building. Capacity. 1037 00:41:20,400 --> 00:41:21,680 Go ahead. No, totally agree. 1038 00:41:21,680 --> 00:41:24,000 And you know, you know back back back to relay what we were 1039 00:41:24,000 --> 00:41:26,440 talking about earlier. I do think most of the things in 1040 00:41:26,440 --> 00:41:29,440 the world we we do this and we invest and we build and that 1041 00:41:29,440 --> 00:41:30,800 that's the way we create value together. 1042 00:41:31,000 --> 00:41:33,280 There are some frameworks in the world where once you're already 1043 00:41:33,280 --> 00:41:36,040 successful, I do think it's your duty to get back. 1044 00:41:36,360 --> 00:41:39,840 Yeah, and not even just. Get back to like fix the systems 1045 00:41:39,840 --> 00:41:41,920 that other people can't fix. There's things that you and I 1046 00:41:42,160 --> 00:41:44,680 can fix to like other people. Like they can't begin to do it. 1047 00:41:44,800 --> 00:41:45,320 Yeah. And so. 1048 00:41:45,360 --> 00:41:48,080 So once you get this all and so the and the question is how do 1049 00:41:48,080 --> 00:41:50,520 you take the frameworks we've learned from what works on 1050 00:41:50,520 --> 00:41:52,840 entrepreneurship world and apply it to these other things. 1051 00:41:53,000 --> 00:41:54,680 And you're doing that with trying to think about new 1052 00:41:54,680 --> 00:41:55,680 network states. Yeah. 1053 00:41:55,680 --> 00:41:57,840 And I and I, I love it. I want to help with that. 1054 00:41:58,080 --> 00:42:00,640 I'm also taking these aspiral frameworks and saying I can 1055 00:42:00,640 --> 00:42:01,800 reform. How can I reform? 1056 00:42:01,800 --> 00:42:03,520 How can I build? How do I take an idea that I 1057 00:42:03,520 --> 00:42:06,280 know is going to help 100,000 people And how do we, like, use 1058 00:42:06,280 --> 00:42:08,600 the same kind of tactics and smart people operations and go 1059 00:42:08,600 --> 00:42:09,600 and do that. And I think, I think it's 1060 00:42:09,600 --> 00:42:10,880 important. A lot of us do these things. 1061 00:42:10,880 --> 00:42:13,920 I love that and you know the the way that one thing to your point 1062 00:42:13,920 --> 00:42:17,040 is actually a lot of young guys look to us for advice or what 1063 00:42:17,040 --> 00:42:18,920 have you now that we're they look right now. 1064 00:42:18,920 --> 00:42:21,200 Exactly right. So you know, one thing that's 1065 00:42:21,200 --> 00:42:24,400 funny about that is, you know, people will say oh go and do a 1066 00:42:24,440 --> 00:42:27,160 hard start up swing for the fences and and there is 1067 00:42:27,160 --> 00:42:30,680 definitely value to that. But it's also true that you you 1068 00:42:30,680 --> 00:42:32,760 should. If you're if you're young and 1069 00:42:32,760 --> 00:42:34,920 just starting out and you're on startup #1, you want to have a 1070 00:42:34,920 --> 00:42:38,240 realistic sense of what you can do as opposed to when you're a 1071 00:42:38,240 --> 00:42:41,440 little bit older and you've got more capital, more distribution, 1072 00:42:41,440 --> 00:42:44,880 more connections, you can do riskier or bigger things to some 1073 00:42:44,880 --> 00:42:46,600 extent. For me, Balaji, the way I see it 1074 00:42:46,600 --> 00:42:49,760 is like, and this is, this is my point of view, is that you 1075 00:42:49,760 --> 00:42:52,840 shouldn't build a startup unless you're just like absolutely. 1076 00:42:52,840 --> 00:42:55,680 I hear that. I think the vast majority of 1077 00:42:55,680 --> 00:42:58,560 smart people to go work for a high growth startup because 1078 00:42:58,560 --> 00:43:00,280 that's like the best Chris reward by far. 1079 00:43:00,520 --> 00:43:03,160 And you learn like I was at PayPal as a kid, like as a 1080 00:43:03,160 --> 00:43:05,280 teenager pretty much. And I got to learn so much from 1081 00:43:05,280 --> 00:43:07,800 just being exposed to a few years as an intern and that sort 1082 00:43:07,800 --> 00:43:11,080 of thing and then like, but then like I'm a little bit of a crazy 1083 00:43:11,200 --> 00:43:13,440 guy who I'm like, you know what? I'm going to I I really want to 1084 00:43:13,440 --> 00:43:16,040 fix I really want to fix how our government works with defense 1085 00:43:16,040 --> 00:43:18,640 and Intel and and the tech. You know I was watching so you 1086 00:43:18,640 --> 00:43:19,480 know you play another background. 1087 00:43:19,480 --> 00:43:21,800 You think of the whole story where PayPal the bad in Chinese 1088 00:43:21,800 --> 00:43:22,720 mafia. Russian mafia. 1089 00:43:22,720 --> 00:43:23,640 We're stealing money. Great. 1090 00:43:23,640 --> 00:43:25,800 We're learning how to stop them. And I got to know a bunch of 1091 00:43:25,800 --> 00:43:29,200 these guys in government and the DHS and the FBI and it was clear 1092 00:43:29,200 --> 00:43:32,480 they were just nice guys but way behind that text what they were 1093 00:43:32,480 --> 00:43:34,040 doing. So I'm like this is impossible 1094 00:43:34,040 --> 00:43:36,560 problem but I have to fix it and like and you thought that's OK 1095 00:43:36,560 --> 00:43:38,040 sometimes. Yeah, and of course and and I 1096 00:43:38,040 --> 00:43:41,240 guess the way I put it is, if people are ultra ambitious, you 1097 00:43:41,240 --> 00:43:43,640 want to tell them to be more pragmatic, and if they're too 1098 00:43:43,640 --> 00:43:45,880 practical, you want to have them become more ambitious. 1099 00:43:45,880 --> 00:43:47,600 That's fair, right? Where you kind of you got yeah 1100 00:43:47,600 --> 00:43:49,760 and and and and then. But in general, like, you 1101 00:43:49,760 --> 00:43:52,800 definitely do want to, like, just only do one of these things 1102 00:43:52,800 --> 00:43:55,000 if you're just obsessed with. It this I agree with because the 1103 00:43:55,000 --> 00:43:57,400 start up is so hard. I mean one thing is even the 1104 00:43:57,400 --> 00:43:59,640 concept of do you know what people say oh venture capital 1105 00:43:59,640 --> 00:44:01,440 and they'll always say it's not an asset class. 1106 00:44:01,600 --> 00:44:05,480 There's I totally agree it's like right so like a start up 1107 00:44:05,480 --> 00:44:08,840 it's not it's not an asset class really of start-ups in the sense 1108 00:44:08,840 --> 00:44:11,400 of you know what was TL saying is you're not a lottery ticket 1109 00:44:11,400 --> 00:44:15,440 right. And because you, it's so hard to 1110 00:44:15,440 --> 00:44:18,240 do it because everything comes down to you that you basically 1111 00:44:18,720 --> 00:44:20,640 you have to want to build something that you can't buy. 1112 00:44:20,640 --> 00:44:22,800 I totally agree with that. I'll add something else to what 1113 00:44:22,800 --> 00:44:25,160 you're saying, which is one thing I've seen, especially for 1114 00:44:25,160 --> 00:44:27,560 a lot of Indians, because I'm mentoring more Indian kids and 1115 00:44:27,560 --> 00:44:31,040 so on these days, is for many of them coming from like a 1116 00:44:31,040 --> 00:44:35,360 background, like total dirt poverty like that job at Google 1117 00:44:35,360 --> 00:44:37,320 or something like that is like it. 1118 00:44:37,320 --> 00:44:39,160 It's already. Like an exit, Yeah. 1119 00:44:39,160 --> 00:44:40,880 Which is why it's a lot harder for, I guess, some of those 1120 00:44:40,880 --> 00:44:42,840 people I'd imagine to to do start up right away. 1121 00:44:42,840 --> 00:44:45,120 You probably should make sure your family's taken care of a 1122 00:44:45,120 --> 00:44:46,840 little bit. Some money to to raise them up. 1123 00:44:46,840 --> 00:44:48,040 That's that's probably responsible. 1124 00:44:48,040 --> 00:44:49,160 It's totally responsible for years. 1125 00:44:49,160 --> 00:44:49,800 That's right. So. 1126 00:44:50,000 --> 00:44:51,160 Exactly. So that's why I say I'm like, 1127 00:44:51,360 --> 00:44:53,920 look, you know, it depends on your financial circumstances And 1128 00:44:53,920 --> 00:44:56,720 the first Gen. like out of poverty, There's absolutely no 1129 00:44:56,720 --> 00:45:00,760 shame in that middle class. Get to stability, you know, buy 1130 00:45:00,760 --> 00:45:03,320 mom, you know, a house or whatever it is, you know, Right. 1131 00:45:03,720 --> 00:45:07,920 And then you know the second Gen. or or maybe you fire 10 1132 00:45:07,920 --> 00:45:09,000 years exactly. That's right. 1133 00:45:09,040 --> 00:45:10,320 That's right. So it could be either your kids 1134 00:45:10,320 --> 00:45:12,720 or it could be you fire change leader, then you swing for the 1135 00:45:12,720 --> 00:45:13,000 fence. So. 1136 00:45:13,000 --> 00:45:16,160 Like one of my big mistakes on a company I was invested in is is 1137 00:45:16,160 --> 00:45:18,120 that and I I would not going to say who because it's it's 1138 00:45:18,120 --> 00:45:20,640 probably private. But I I the guy I didn't realize 1139 00:45:20,640 --> 00:45:22,400 his mom was on welfare. Oh no. 1140 00:45:22,440 --> 00:45:25,600 And and and like he was trying to take money off the table. 1141 00:45:25,600 --> 00:45:27,280 And normally I think you shouldn't let someone take a lot 1142 00:45:27,280 --> 00:45:29,520 of money off the table. And then then the people try. 1143 00:45:29,960 --> 00:45:32,160 And ultimately, you know, ultimately, like he ended up 1144 00:45:32,160 --> 00:45:34,680 selling the company too soon because he needed to get the 1145 00:45:34,680 --> 00:45:37,840 money to help his mom. And if I am, I know that And if 1146 00:45:37,840 --> 00:45:38,880 I just. Want to do a secondary? 1147 00:45:39,160 --> 00:45:42,320 Yeah, secondary. And and like is it, I think it 1148 00:45:42,320 --> 00:45:45,120 is really important that both as an investor is and as a partner 1149 00:45:45,120 --> 00:45:46,480 to like know what their circumstances are. 1150 00:45:46,480 --> 00:45:48,880 There's nothing wrong with like doing something to help your 1151 00:45:48,880 --> 00:45:50,280 family when they're in a tough situation. 1152 00:45:50,320 --> 00:45:52,720 It's actually our duty as investors to help people do 1153 00:45:52,720 --> 00:45:53,640 that. That's part of our job as 1154 00:45:53,640 --> 00:45:54,720 partners. Yeah, it's it's interesting. 1155 00:45:54,720 --> 00:45:57,640 It's one of these things where the right amount of secondary 1156 00:45:57,640 --> 00:46:01,120 takes the pressure off the founder and allows them to just 1157 00:46:01,760 --> 00:46:05,240 work harder and don't know that they they have the the they 1158 00:46:05,240 --> 00:46:07,760 don't have the they don't feel like, oh, I need to sell. 1159 00:46:07,800 --> 00:46:09,120 Kind of. And it's like and sometimes it 1160 00:46:09,120 --> 00:46:10,520 might not be them, might be the spouse too. 1161 00:46:10,520 --> 00:46:12,800 So yes was the very other things I've learned is you got to get 1162 00:46:13,120 --> 00:46:15,160 to know that yes is often in charge. 1163 00:46:15,160 --> 00:46:16,880 Yes, especially for the older ones, you know, they've got, 1164 00:46:16,880 --> 00:46:18,280 especially for technical guys, yes. 1165 00:46:18,600 --> 00:46:20,600 Yeah, yeah. That's funny. 1166 00:46:21,560 --> 00:46:24,800 So let's see. Other things covered a lot. 1167 00:46:26,240 --> 00:46:27,520 Gosh. All right. 1168 00:46:27,520 --> 00:46:29,360 So what else in the world are you looking at? 1169 00:46:29,360 --> 00:46:30,960 Right. Like so I'm looking at a lot of 1170 00:46:30,960 --> 00:46:32,760 small. Countries I'm I'm looking at a 1171 00:46:32,760 --> 00:46:34,200 lot of. I'm looking at a lot of 1172 00:46:34,200 --> 00:46:37,440 applications of AI to transform the productivity of the economy. 1173 00:46:37,440 --> 00:46:40,240 That's that's my job in it. Let's talk about the red state 1174 00:46:40,240 --> 00:46:41,520 and purple state strategy for AI. 1175 00:46:41,520 --> 00:46:42,960 We were talking about that earlier, right. 1176 00:46:43,160 --> 00:46:46,280 So a lot of these, you know, these Washington DC regulations, 1177 00:46:46,280 --> 00:46:49,880 I call it the 640K of compute should be should be enough for 1178 00:46:49,880 --> 00:46:51,440 anyone. Bill, you know the exact order 1179 00:46:51,440 --> 00:46:52,320 that just came down. Go ahead. 1180 00:46:52,400 --> 00:46:54,520 Yeah, No, it's unbelievable stuff. 1181 00:46:54,520 --> 00:46:56,920 Which, like Suhail and some of our people, they tweeted were 1182 00:46:56,920 --> 00:46:59,520 like, we're going to regret that we did this to ourselves, right? 1183 00:46:59,720 --> 00:47:01,480 With the hard cap on Compute, OK? 1184 00:47:01,840 --> 00:47:02,640 It's just so. Crazy. 1185 00:47:02,640 --> 00:47:05,080 Imagine doing that with like, you know, I had a teacher in 1186 00:47:05,080 --> 00:47:07,360 high school. It was like 56 K is more than 1187 00:47:07,360 --> 00:47:09,280 enough for anyone for connecting to the Internet. 1188 00:47:09,280 --> 00:47:10,520 Right? And and she really believed it. 1189 00:47:10,640 --> 00:47:13,080 And this is, this is, of course, you know, like Bill Gates didn't 1190 00:47:13,080 --> 00:47:15,040 actually see this, but it's like a famous illusion. 1191 00:47:15,320 --> 00:47:19,600 So the hard cap on compute is like, the stupidest. 1192 00:47:19,720 --> 00:47:22,200 Like, the only thing that's good about it is it's actually really 1193 00:47:22,200 --> 00:47:24,120 explicit. You know, lots of the 1194 00:47:24,120 --> 00:47:25,760 regulations. You can deny that they're going 1195 00:47:25,760 --> 00:47:27,920 to stop progress or whatever. Oh, it's just paperwork. 1196 00:47:27,920 --> 00:47:29,680 Oh, it's. Like the definition of D growth. 1197 00:47:29,760 --> 00:47:32,120 Yeah, this is exactly. It is literally a brick wall 1198 00:47:32,240 --> 00:47:35,800 which says you know you cannot. It's like a speed limit, but on 1199 00:47:35,800 --> 00:47:38,120 compute you. Can imagine enforceable without 1200 00:47:38,120 --> 00:47:40,720 Congress actually like passing a lot, I'm sure. 1201 00:47:41,320 --> 00:47:43,120 There's going to be suits. I'm sure there's going to be all 1202 00:47:43,120 --> 00:47:47,120 kinds of things that's at the federal law, OK, but the the the 1203 00:47:47,120 --> 00:47:49,280 states have their own interests. We need free states. 1204 00:47:49,560 --> 00:47:51,400 Free states, Exactly. There's fed states. 1205 00:47:51,400 --> 00:47:53,080 There's free states, you know, so to speak, right? 1206 00:47:53,120 --> 00:47:55,560 Pretty good, right? And so the free states, which 1207 00:47:55,560 --> 00:47:57,840 can be red states, can be purple states, can be independent blue 1208 00:47:57,840 --> 00:47:59,520 states. They would essentially do the 1209 00:47:59,520 --> 00:48:03,120 calculation that, wait a second, this is really good for reducing 1210 00:48:03,120 --> 00:48:05,640 medical costs, for reducing legal costs. 1211 00:48:06,440 --> 00:48:09,800 AI is really good for automating all this medical billing and 1212 00:48:09,800 --> 00:48:11,440 paperwork and other kind of stuff. 1213 00:48:12,000 --> 00:48:14,240 This could be really, really valuable for us. 1214 00:48:15,240 --> 00:48:19,640 And so therefore, we need to have sanctuary cities for 1215 00:48:19,640 --> 00:48:23,000 technology where we just say we're going to defy federal law 1216 00:48:23,000 --> 00:48:26,840 on this compute as much as you want in Texas, it's a Free State 1217 00:48:27,200 --> 00:48:29,200 compute as much as you want in Florida, right. 1218 00:48:29,200 --> 00:48:31,640 You know the come and take it flags or the accelerator die, 1219 00:48:31,640 --> 00:48:33,680 right. And so then I've got. 1220 00:48:33,760 --> 00:48:35,880 A big one that was in my house that come and take it flagged 1221 00:48:35,880 --> 00:48:37,760 from the, you know from the history of Texas. 1222 00:48:37,760 --> 00:48:39,680 That's right, the big cannon. And there's a one with it with 1223 00:48:39,680 --> 00:48:42,480 the, but there's a version of with the GPU in the in the form 1224 00:48:42,480 --> 00:48:43,920 of a cannon. It's really good, right? 1225 00:48:43,920 --> 00:48:44,800 That's great. So. 1226 00:48:45,040 --> 00:48:47,080 I I mean you do have to be a little bit careful. 1227 00:48:47,320 --> 00:48:51,240 I do think that that the Supreme Court will probably, I'm having 1228 00:48:51,240 --> 00:48:53,600 to rule on this because it is in a Supreme Court I think will 1229 00:48:53,600 --> 00:48:55,680 actually rule in our favor on the freedom side. 1230 00:48:55,920 --> 00:48:58,960 But, but there is like a very powerful army that that's tied 1231 00:48:58,960 --> 00:49:00,840 to federal government that you that you don't want to actually 1232 00:49:00,840 --> 00:49:01,800 have to like. You don't. 1233 00:49:01,880 --> 00:49:03,960 Yeah, that's right. But on the other hand, if you if 1234 00:49:03,960 --> 00:49:07,760 we look at sanctuary cities, drug laws, gun laws, abortion, 1235 00:49:07,960 --> 00:49:10,280 like some of those things did go to Supreme Court like, but 1236 00:49:10,440 --> 00:49:13,120 within the US there's been such a fragmentation or fracturing 1237 00:49:13,120 --> 00:49:15,440 that states are kind of doing their own thing and saying sue 1238 00:49:15,440 --> 00:49:17,880 me to the feds, which is. What, You mean this is how the 1239 00:49:17,880 --> 00:49:19,800 world's supposed to work, that the federal government's not 1240 00:49:19,800 --> 00:49:21,120 supposed to be deciding most of these things. 1241 00:49:21,120 --> 00:49:22,320 You're supposed to be signing in the states. 1242 00:49:22,360 --> 00:49:24,240 Exactly. Make America States again, you 1243 00:49:24,240 --> 00:49:26,960 know, or like the 10th Amendment restoration and then abroad. 1244 00:49:27,280 --> 00:49:29,280 The thing that's interesting about this is we talked about 1245 00:49:29,280 --> 00:49:32,400 like generic AI for you know, India and so on place like 1246 00:49:32,400 --> 00:49:35,200 India, they didn't enforce copyright, patents and so on as 1247 00:49:35,200 --> 00:49:36,800 much. And so that's why the generic 1248 00:49:36,800 --> 00:49:38,320 drugs industry built this huge drug industry. 1249 00:49:38,760 --> 00:49:41,320 We could have generic AI where you can train on Hollywood 1250 00:49:41,320 --> 00:49:42,920 movies, You train on copyright material. 1251 00:49:43,080 --> 00:49:44,560 Actually, you know, that's how Hollywood started. 1252 00:49:44,560 --> 00:49:48,480 Edison held all the patents for early technology for Motion 1253 00:49:48,480 --> 00:49:49,760 picture. It wasn't broke yet early on. 1254 00:49:49,920 --> 00:49:51,800 Yeah, because he was in New Jersey and he was on the East 1255 00:49:51,800 --> 00:49:53,400 Coast. So they went all the way to the 1256 00:49:53,400 --> 00:49:56,920 West Coast, OK? And they did their own thing. 1257 00:49:56,920 --> 00:49:59,560 Right. And this guy, Neil Gabler has a 1258 00:49:59,560 --> 00:50:01,960 good book on this, like, like an industry of their own or 1259 00:50:01,960 --> 00:50:03,520 something like that. It's about how Hollywood was 1260 00:50:03,520 --> 00:50:05,560 created, right. And an empire of their own, I 1261 00:50:05,560 --> 00:50:07,960 believe, is the new. And so now we just do that 1262 00:50:07,960 --> 00:50:10,840 again, right? We basically say, look, you 1263 00:50:10,840 --> 00:50:12,080 know, that's how Hollywood was built. 1264 00:50:12,280 --> 00:50:15,280 It basically broke these in a sense, because 3000 miles is a 1265 00:50:15,280 --> 00:50:17,880 pain for Edison to send his guys all the way across the country. 1266 00:50:17,880 --> 00:50:20,240 India's probably a good analogue to this these days. 1267 00:50:20,280 --> 00:50:22,040 That's right there. Probably are things India should 1268 00:50:22,040 --> 00:50:23,880 be doing where they don't. I mean, some of the copyright 1269 00:50:23,880 --> 00:50:26,160 law is just. Ridiculous 90 years Disney kind 1270 00:50:26,160 --> 00:50:26,800 of things. It's. 1271 00:50:26,800 --> 00:50:28,760 Like it's just a corrupt thing where they've copied where the 1272 00:50:28,760 --> 00:50:30,000 owners of the content have done that. 1273 00:50:30,000 --> 00:50:31,400 Just want to milk it forever, right? 1274 00:50:31,400 --> 00:50:34,920 Exactly. And I think now we've got the, 1275 00:50:36,640 --> 00:50:40,800 we've got enough examples of where the overly aggressive 1276 00:50:40,800 --> 00:50:43,400 enforcement of copyright and we know what open source gives us, 1277 00:50:43,400 --> 00:50:45,480 it gives you security, it gives you all these kinds of good 1278 00:50:45,480 --> 00:50:48,040 benefits. The other thing that's 1279 00:50:48,040 --> 00:50:51,440 interesting that's kind of related to that is the some of 1280 00:50:51,440 --> 00:50:53,400 the data stuff. So do you know what India Stack 1281 00:50:53,400 --> 00:50:57,120 is? OK, so imagine if Stripe was 1282 00:50:57,120 --> 00:51:01,400 done by the Indian government, that's kind of what like UPI is 1283 00:51:01,400 --> 00:51:04,160 like a piece of it or if Google login was done by the Indian 1284 00:51:04,160 --> 00:51:06,400 government. So that's what, like others, now 1285 00:51:06,440 --> 00:51:08,800 these things have their flaws and so on and so forth, but they 1286 00:51:08,800 --> 00:51:10,920 do work and they work for a billion people and they work 1287 00:51:10,920 --> 00:51:13,600 every day and they've kind of come up from nothing in like 5 1288 00:51:13,600 --> 00:51:14,960 or 10 years, which is actually really amazing. 1289 00:51:15,360 --> 00:51:18,360 It's the same guys who are working on India Stack and other 1290 00:51:18,360 --> 00:51:21,120 are working on something called DEPA, which is like a data 1291 00:51:21,120 --> 00:51:23,520 access thing. And you know, 'cause there's all 1292 00:51:23,520 --> 00:51:25,480 this stuff about data privacy and whatnot. 1293 00:51:25,760 --> 00:51:29,800 And in the West, it's really either A you have EU style 1294 00:51:29,800 --> 00:51:33,360 bureaucracy and cookie laws or B you just access all the data or 1295 00:51:33,600 --> 00:51:35,960 right and you just have some some click through that gives 1296 00:51:35,960 --> 00:51:37,960 you all the permissions. So India is trying to model 1297 00:51:38,160 --> 00:51:44,240 where it's an API approach where if you, you know like like you 1298 00:51:44,240 --> 00:51:47,400 can just programmatically get access and train on all the data 1299 00:51:47,400 --> 00:51:52,000 that you want there. It's as opposed to saying no 1300 00:51:52,000 --> 00:51:56,760 laws on privacy or stupid bureaucratic laws are saying we 1301 00:51:56,760 --> 00:51:59,160 recognize this a problem. We want to have the lightest 1302 00:51:59,160 --> 00:52:01,560 touch possible solution that balances all interests. 1303 00:52:01,560 --> 00:52:03,160 Yeah. And in particular what they want 1304 00:52:03,160 --> 00:52:05,120 to do is they want, this is a crucial thing. 1305 00:52:05,120 --> 00:52:07,680 They're coming in with the mindset of we want to make this 1306 00:52:07,680 --> 00:52:11,600 work, we want to make these huge swaths of data available for 1307 00:52:11,600 --> 00:52:15,080 training on AI with the consent of the people and potentially 1308 00:52:15,080 --> 00:52:16,080 with compensation for the people. 1309 00:52:16,160 --> 00:52:18,080 Interesting. OK, there's just something to 1310 00:52:18,080 --> 00:52:21,200 track, because India is big enough that it can be an 1311 00:52:21,200 --> 00:52:22,960 influential kind of thing if it works. 1312 00:52:22,960 --> 00:52:25,040 Conversation is going to be hard to figure out for these things 1313 00:52:25,040 --> 00:52:26,520 because there's so much stuff that comes. 1314 00:52:26,560 --> 00:52:29,400 Well, so this is where because because they've got UPI, they've 1315 00:52:29,400 --> 00:52:30,880 already got the payment information for a billion 1316 00:52:30,880 --> 00:52:32,560 people. So you could it's kind of it's a 1317 00:52:32,560 --> 00:52:34,960 little bit like what X is doing with like the direct deposits 1318 00:52:34,960 --> 00:52:37,440 into your account, this track a bunch of stuff and aggregated 1319 00:52:37,440 --> 00:52:39,480 and this drop it into your. And it's and it's interesting 1320 00:52:39,480 --> 00:52:42,160 because like you think you think that like training on all the 1321 00:52:42,160 --> 00:52:45,400 data of everyone just in the open IT area and that everyone 1322 00:52:45,400 --> 00:52:47,560 who was alive previously might be enough to do a lot of things. 1323 00:52:47,880 --> 00:52:49,680 Exactly, That's right. So you know, one of the things 1324 00:52:49,680 --> 00:52:51,960 also interesting I think of India, you know, people think of 1325 00:52:51,960 --> 00:52:54,560 India as a market and I think it is a market, but I actually 1326 00:52:54,560 --> 00:52:56,960 think it's also potentially a digital factory, you know, like 1327 00:52:56,960 --> 00:52:58,880 lots of physical stuff is made in China, right? 1328 00:52:59,240 --> 00:53:01,440 But a billion Indians could do a lot of training data. 1329 00:53:02,000 --> 00:53:03,440 There is a It is a digital factory. 1330 00:53:03,440 --> 00:53:05,960 I mean, I I have factories in India that I use for lots of. 1331 00:53:06,000 --> 00:53:06,760 Companies. That's right. 1332 00:53:06,960 --> 00:53:08,840 Digitally, yeah. So all the labeling and stuff 1333 00:53:08,840 --> 00:53:11,000 like that, that's what I think of as digital blue collar, 1334 00:53:11,360 --> 00:53:13,440 right? All the tapping and labeling and 1335 00:53:13,440 --> 00:53:15,320 so on and so forth can be done anywhere interesting. 1336 00:53:15,320 --> 00:53:17,520 And you can make like a dollar, if you can make a dollar a day 1337 00:53:17,520 --> 00:53:21,200 on that, that's massive for India and for places like that, 1338 00:53:21,200 --> 00:53:23,360 right, That will level you out of poverty. 1339 00:53:23,360 --> 00:53:25,960 Training data is, you know, there's infinite hunger for 1340 00:53:25,960 --> 00:53:27,560 training data, right? Of course. 1341 00:53:27,560 --> 00:53:30,160 Then the question is, can somebody without education do 1342 00:53:30,160 --> 00:53:32,440 the training examples and maybe maybe they can, maybe they can 1343 00:53:32,440 --> 00:53:34,400 blow up a seat. We should throw out some things 1344 00:53:34,400 --> 00:53:36,000 and just get your reaction to them. 1345 00:53:36,000 --> 00:53:38,160 Or OK, 3D printing 3. D Printing. 1346 00:53:38,160 --> 00:53:41,480 I think it is actually finally getting to be useful for 1347 00:53:41,480 --> 00:53:43,600 different areas of just in time inventory. 1348 00:53:43,600 --> 00:53:45,880 It's not quite there yet, but it seems like the next five years 1349 00:53:45,880 --> 00:53:47,320 it's going to be a big deal for a lot of things. 1350 00:53:47,360 --> 00:53:50,360 Yeah, it was hyped and went to the gardener Trost and then kind 1351 00:53:50,360 --> 00:53:51,840 of coming back. You're starting to see some 1352 00:53:51,840 --> 00:53:53,480 cases where it can be pretty useful. 1353 00:53:53,480 --> 00:53:55,840 People are using it for too much with how they do it, but for 1354 00:53:55,840 --> 00:53:58,440 very specific kind of small parts of inventory and 1355 00:53:58,440 --> 00:54:00,760 manufacturing. I think basically the US is 1356 00:54:00,760 --> 00:54:02,400 going to become a major manufacturing hub again. 1357 00:54:02,400 --> 00:54:04,400 It's already started to grow a lot the last few years if you 1358 00:54:04,400 --> 00:54:06,600 look at the numbers, and this is going to be one part of the 1359 00:54:06,600 --> 00:54:07,400 solution. OK. 1360 00:54:07,400 --> 00:54:10,040 Related to that, robotics. This is something that we're 1361 00:54:10,040 --> 00:54:13,160 talking a lot about. You're seeing like working AI, 1362 00:54:13,360 --> 00:54:15,840 kind of boring lame robots that doing all sorts of things that 1363 00:54:15,840 --> 00:54:16,880 they're driving. It's not lame, but they're 1364 00:54:16,880 --> 00:54:20,240 driving around or not. I mean, we don't have the hands 1365 00:54:20,240 --> 00:54:23,200 that are easy to move maneuver. We don't have the stuff that's 1366 00:54:23,200 --> 00:54:25,000 there yet. A lot of people are trying AI 1367 00:54:25,000 --> 00:54:26,960 should be able to do this. So it'll be a lot of us think in 1368 00:54:26,960 --> 00:54:29,040 five years this should be a really big thing. 1369 00:54:29,720 --> 00:54:32,080 I'd I'd love to meet the the people who are figuring it out, 1370 00:54:32,080 --> 00:54:33,320 'cause it's hard. Yeah, it's hard. 1371 00:54:33,400 --> 00:54:37,360 I mean, like Boston Dynamics and Tesla are putting in some effort 1372 00:54:37,360 --> 00:54:39,680 here, and Amazon has some humanoid robots, but it's not 1373 00:54:39,680 --> 00:54:41,240 you there. I wonder if this is one of those 1374 00:54:41,240 --> 00:54:43,280 where like a startup could actually beat the big guys by 1375 00:54:43,280 --> 00:54:45,080 really kind of rethinking with a genius. 1376 00:54:45,080 --> 00:54:48,400 Like even just like getting the hand right and like getting the 1377 00:54:48,400 --> 00:54:51,040 hardware right to then allow us to train in software and open it 1378 00:54:51,040 --> 00:54:52,680 up to others because there's hardware that's missing. 1379 00:54:52,680 --> 00:54:53,280 So. It's funny. 1380 00:54:53,280 --> 00:54:56,520 Me and Gary Tan actually just funded an Indian guy who did 1381 00:54:56,680 --> 00:54:58,160 who's built this amazing robot hand? 1382 00:54:58,160 --> 00:55:00,720 I'll show it to you. It's called Clone Third is El 1383 00:55:00,720 --> 00:55:02,600 Salvador and Bukelli. Name Bukelli. 1384 00:55:02,960 --> 00:55:07,560 You know, obviously I care a lot about the principles of how to 1385 00:55:07,560 --> 00:55:08,760 put people in jail when they're bad. 1386 00:55:08,760 --> 00:55:12,600 I think it's very important now, you know, the, you know, But you 1387 00:55:12,600 --> 00:55:15,120 know, I'll say like the there's this thing about humanity, 1388 00:55:15,120 --> 00:55:18,560 biology, where at the darkest times when when when many people 1389 00:55:18,560 --> 00:55:22,000 have lost all hope, that's where you see like the real true 1390 00:55:22,000 --> 00:55:24,760 character of that's where you see like, who's on the side of 1391 00:55:24,760 --> 00:55:26,480 the darkness and who's on the side of the light. 1392 00:55:26,720 --> 00:55:28,520 And this guy is clearly on the side of the light. 1393 00:55:28,640 --> 00:55:31,360 Yep. Now, is what he did appropriate 1394 00:55:31,360 --> 00:55:32,760 for the US? No, it's not. 1395 00:55:32,880 --> 00:55:35,200 Not in that form that we need to keep our principles. 1396 00:55:35,200 --> 00:55:37,360 We need to keep our state. We need to not go into a 1397 00:55:37,360 --> 00:55:39,760 totalitarian type of authoritarian approach. 1398 00:55:39,960 --> 00:55:42,400 But he probably didn't need to do what he did in order to stop 1399 00:55:42,400 --> 00:55:43,760 the murders in the society because he was. 1400 00:55:43,960 --> 00:55:46,720 He was a lawless society on the edge and should we be warrant 1401 00:55:46,720 --> 00:55:49,480 his direction of putting bad guys in jail or causing murders? 1402 00:55:49,480 --> 00:55:50,360 Yes. Yeah. 1403 00:55:50,360 --> 00:55:53,760 And I think the way I think about it is that society was at 1404 00:55:53,760 --> 00:55:56,840 war like the IT wasn't like a peace and society, these guys 1405 00:55:56,840 --> 00:55:58,360 with face tattoos were terrorizing the. 1406 00:55:59,040 --> 00:56:00,400 War. You do what you can to win the 1407 00:56:00,400 --> 00:56:02,240 war and to save lives. And he did. 1408 00:56:02,360 --> 00:56:04,520 Exactly, He did. America has many problems. 1409 00:56:04,520 --> 00:56:07,080 In some ways, I'm morally at war with things that are broken. 1410 00:56:07,360 --> 00:56:09,440 But we need to approach them in a more principled way. 1411 00:56:09,440 --> 00:56:11,800 And America needs to remain a shining light with a functional, 1412 00:56:11,960 --> 00:56:14,000 principled system. So he said, yes, we should be 1413 00:56:14,000 --> 00:56:16,000 putting bad guys in jail. No, we should not be like 1414 00:56:16,000 --> 00:56:18,280 breaking all the rules. To do so in America and his 1415 00:56:18,280 --> 00:56:21,480 society probably was necessary. Are related Javier Miley. 1416 00:56:21,480 --> 00:56:23,640 I am very excited about Javier Miley. 1417 00:56:24,080 --> 00:56:26,080 He is. I mean, listen, no one knows 1418 00:56:26,080 --> 00:56:27,880 what's he's got to do, exactly how it's going to work out. 1419 00:56:28,120 --> 00:56:31,440 But just the way he describes things, the way he explains the 1420 00:56:31,440 --> 00:56:35,280 corruption, the way he explains like just how we basically need 1421 00:56:35,280 --> 00:56:37,600 to like, I mean the the I Love the Afuera video, right? 1422 00:56:37,640 --> 00:56:41,200 Yeah, Yeah. Getting rid of all the pure fire 1423 00:56:41,240 --> 00:56:43,120 departments love. We need to do a lot of that in 1424 00:56:43,120 --> 00:56:45,760 the US, Like literally we need to fire like everyone in the 1425 00:56:45,760 --> 00:56:47,880 private education in the US. They should just not exist. 1426 00:56:48,360 --> 00:56:50,680 I'm not saying I'm not for education, I'm just not for what 1427 00:56:50,680 --> 00:56:52,840 these bureaucrats are doing because it's it's a waste. 1428 00:56:52,840 --> 00:56:56,080 And there's like a Department of Labor probably should get rid of 1429 00:56:56,080 --> 00:56:57,480 the whole thing too. It's very politicized. 1430 00:56:57,640 --> 00:56:59,480 It's sued pounds here for total bullshit reason. 1431 00:56:59,480 --> 00:57:01,720 After Peter spoke, you have literally Peter Thiel spoke with 1432 00:57:01,720 --> 00:57:04,480 Trump's convention and this frigging thing sued us and then 1433 00:57:04,480 --> 00:57:06,840 like Elon became an enemy and this thing went after. 1434 00:57:06,840 --> 00:57:08,120 He Oh, yeah, yeah, yeah, exactly. 1435 00:57:08,160 --> 00:57:09,760 This is a bunch. I mean, are there some good 1436 00:57:09,760 --> 00:57:10,800 people there? We're sure there's some good 1437 00:57:10,800 --> 00:57:12,280 people there. Is it politicized? 1438 00:57:12,280 --> 00:57:12,960 Yes. And. 1439 00:57:13,080 --> 00:57:14,960 And do we need them to be doing anything? 1440 00:57:15,280 --> 00:57:17,080 No, Right. I mean, it's funny, I I meet 1441 00:57:17,080 --> 00:57:19,640 people all the time who are like in the bowels of embassies. 1442 00:57:19,640 --> 00:57:21,320 There are some good people on some embassies in the US that 1443 00:57:21,320 --> 00:57:22,840 are doing some good things around the world. 1444 00:57:23,120 --> 00:57:26,080 The vast majority of it is like government and government stuff 1445 00:57:26,080 --> 00:57:27,240 between our different departments. 1446 00:57:27,240 --> 00:57:28,440 And it's. It's like such a waste. 1447 00:57:28,440 --> 00:57:30,800 It's all meta work. It's not even meta work, it's 1448 00:57:30,800 --> 00:57:32,000 meta. It's meta waste. 1449 00:57:32,240 --> 00:57:34,360 And so I think we desperately need to move things the 1450 00:57:34,360 --> 00:57:36,440 direction of hobby. We're like Argentina is like was 1451 00:57:36,440 --> 00:57:39,120 the wealthiest countries in the world 100 years ago, as now has 1452 00:57:39,120 --> 00:57:41,960 140% inflation. Like thank goodness someone like 1453 00:57:41,960 --> 00:57:43,560 him got in charge. Does he have enough power to do 1454 00:57:43,560 --> 00:57:44,680 what he needs to? Do see but. 1455 00:57:44,680 --> 00:57:46,400 Yes, that's the question. I don't know if he controls the 1456 00:57:46,400 --> 00:57:49,280 legislature, but amazing, amazing guy. 1457 00:57:49,280 --> 00:57:50,800 That's right. I think it's it's sort of 1458 00:57:50,800 --> 00:57:55,040 similar to, you know, Asia went through so much communism, so 1459 00:57:55,040 --> 00:57:56,880 much socialism, they developed antibodies to it. 1460 00:57:56,880 --> 00:57:58,480 They finally learned it's about to do here. 1461 00:57:58,480 --> 00:58:00,000 Exactly. And so South America, Latin 1462 00:58:00,000 --> 00:58:01,160 America is maybe starting to develop. 1463 00:58:01,160 --> 00:58:02,800 This is why Florida is a great state, because a lot of people 1464 00:58:02,800 --> 00:58:05,280 from Cuba all experienced terrible communism. 1465 00:58:05,280 --> 00:58:06,120 Exactly. That's right. 1466 00:58:06,120 --> 00:58:07,680 Suarez. You know, he actually did the 1467 00:58:07,680 --> 00:58:10,000 whole thing with the, you know, victims of communism there. 1468 00:58:10,480 --> 00:58:13,800 Few more space. You know, I think that space is 1469 00:58:13,800 --> 00:58:15,960 really critical for defense. I'm a big fan of the space for 1470 00:58:15,960 --> 00:58:17,160 us. Unfortunately I'm working a lot 1471 00:58:17,320 --> 00:58:18,720 in defense. We need to think about that. 1472 00:58:18,840 --> 00:58:20,960 Very bullish OnStar Lincoln. I'm waiting for it to be 1473 00:58:20,960 --> 00:58:22,840 installed on my plane. It's obnoxious thing to say, but 1474 00:58:22,840 --> 00:58:24,320 I'm sure very excited for that. Yep. 1475 00:58:24,800 --> 00:58:27,520 You know I think it's I think I think space is over hiked in the 1476 00:58:27,520 --> 00:58:30,480 venture capital world where too much money has gone to things 1477 00:58:30,480 --> 00:58:32,800 are not yet economic. Now I kind of like that they're 1478 00:58:32,800 --> 00:58:34,520 doing that because they're accelerating the future and it's 1479 00:58:34,520 --> 00:58:36,760 really exciting. So I'm on the side of it, but I 1480 00:58:36,760 --> 00:58:40,360 think it's tough as an investor I I would love, I I would love 1481 00:58:40,360 --> 00:58:43,400 to to build colonies on Mars, build colonies on the moon and 1482 00:58:43,400 --> 00:58:45,360 and do more out there. So over overall, very positive. 1483 00:58:45,560 --> 00:58:49,040 Awesome last one, longevity. There is a ton of stuff 1484 00:58:49,040 --> 00:58:50,480 happening. We haven't talked about bio very 1485 00:58:50,480 --> 00:58:52,840 much. Obviously, I invested in a ton 1486 00:58:52,840 --> 00:58:55,320 of bio infrastructure companies, built one of the largest bio 1487 00:58:55,320 --> 00:58:56,800 manufacturing companies in the US actually. 1488 00:58:56,840 --> 00:58:57,880 I didn't know that one. What's that? 1489 00:58:57,880 --> 00:58:59,240 Yeah. Resilience bio, we called it 1490 00:58:59,240 --> 00:59:01,240 national resilience originally but the scientists of the 1491 00:59:01,240 --> 00:59:04,440 nationalist too nativist, but we've raised OK, it's ours. 1492 00:59:04,560 --> 00:59:05,920 We've raised a few billion dollars. 1493 00:59:05,920 --> 00:59:08,840 We've partnered with with all sorts of countries because they 1494 00:59:08,840 --> 00:59:11,360 needed us, our help for mRNA. We do gene therapy, cell 1495 00:59:11,360 --> 00:59:13,360 therapy. We're doing GLP ones out of it. 1496 00:59:14,000 --> 00:59:17,600 So I'm I'm very, very bullish on like this real revolution of 1497 00:59:17,600 --> 00:59:19,520 biology of all the tools we're beginning to tell. 1498 00:59:19,840 --> 00:59:23,320 I think longevity is very scary like just what we're learning 1499 00:59:23,320 --> 00:59:26,320 and and like how aging is going to change in the next 1020 1500 00:59:26,320 --> 00:59:27,320 years. It's very positive overall. 1501 00:59:27,320 --> 00:59:28,560 I think we're going to live a lot longer. 1502 00:59:28,680 --> 00:59:30,600 I think we're in a strong position overall there and I'm 1503 00:59:30,600 --> 00:59:32,120 very bullish on it. Awesome, dude. 1504 00:59:32,320 --> 00:59:33,480 This is great. Good to see you, ball. 1505 00:59:33,480 --> 00:59:34,320 Thank you very much. All right. 1506 00:59:34,320 --> 00:59:34,640 See you soon.