Darren Farber

But we've never been confused about the front office for the back office. And I want to be as close to the front office as possible because the back office at some point always needs to get modernized or changed or automated or whatever.

But we've never been confused about the front office for the back office. And I want to be as close to the front office as possible because the back office at some point always needs to get modernized or changed or automated or whatever.

I still remain the chairman of the largest manufacturer of firearm accessories to Western militaries based here in the United States. Wonderful business. That business can produce 100,000 magazines for military weapons a day. Its scale is so enormous. So...

I still remain the chairman of the largest manufacturer of firearm accessories to Western militaries based here in the United States. Wonderful business. That business can produce 100,000 magazines for military weapons a day. Its scale is so enormous. So...

By us reinvesting in the enterprise and taking market share and defending its patents worldwide all over Europe, all these historical European vendors that would push their products into the U.S. Defense Department, we've taken all that market share from them. And what have we done? We've lowered the price point. So we went from 60% market share to 90% market share.

By us reinvesting in the enterprise and taking market share and defending its patents worldwide all over Europe, all these historical European vendors that would push their products into the U.S. Defense Department, we've taken all that market share from them. And what have we done? We've lowered the price point. So we went from 60% market share to 90% market share.

And we verticalized the business. We're the largest consumer of a certain kind of nylon in the United States for that business now. And what we were able to deliver to the department in Western Allies is this wonderful, very capable product where the previous generation product would jam after 3,000 rounds. Ours went for 300,000 rounds and they just stopped the test because they ran out of ammo.

And we verticalized the business. We're the largest consumer of a certain kind of nylon in the United States for that business now. And what we were able to deliver to the department in Western Allies is this wonderful, very capable product where the previous generation product would jam after 3,000 rounds. Ours went for 300,000 rounds and they just stopped the test because they ran out of ammo.

And so... If you can make a series of investments where you can ultimately become the sole source supplier in the activity, then you can actually deliver a better value proposition to the government and you can have a wonderful annuity-like business. So pink diamonds, why was I even talking about pink diamonds? Well, the only source of pink diamonds- Was mine, right? It was running out.

And so... If you can make a series of investments where you can ultimately become the sole source supplier in the activity, then you can actually deliver a better value proposition to the government and you can have a wonderful annuity-like business. So pink diamonds, why was I even talking about pink diamonds? Well, the only source of pink diamonds- Was mine, right? It was running out.

And so I was like, okay, that's very interesting to me. There's no other source of pink diamonds. What is the cost of trying to find another resource of pink diamonds? Well, forget it. It's impossibly expensive. And that's the way I think about all these businesses. Can we own a very important business to a market? And can I expand the moat by reinvesting in the enterprise?

And so I was like, okay, that's very interesting to me. There's no other source of pink diamonds. What is the cost of trying to find another resource of pink diamonds? Well, forget it. It's impossibly expensive. And that's the way I think about all these businesses. Can we own a very important business to a market? And can I expand the moat by reinvesting in the enterprise?

It's just really everything connected for the purposes of situational awareness. So the drone knows what the ship and the soldier is doing. Everyone has full situational awareness of all of these connected devices. Most expensive war game in U.S. history showed that if you knock out the network, everything turns into nothing. I think it was called MCO2.

It's just really everything connected for the purposes of situational awareness. So the drone knows what the ship and the soldier is doing. Everyone has full situational awareness of all of these connected devices. Most expensive war game in U.S. history showed that if you knock out the network, everything turns into nothing. I think it was called MCO2.

And the actor they had on the opposite side was the retired flag officer who's like... I'm just going to knock out the network and I'm going to win this war game. I'm going to use smoke signals and I'm going to use all these things. And this guy just won the war game over and over and over again because his goal is just knock out the network.

And the actor they had on the opposite side was the retired flag officer who's like... I'm just going to knock out the network and I'm going to win this war game. I'm going to use smoke signals and I'm going to use all these things. And this guy just won the war game over and over and over again because his goal is just knock out the network.

And so in a network-denied environment, think about how important connectivity is for all of these systems and how dumb some of them may become in the absence of connectivity. And so... Get ready. The network denial will be the first fulcrum of a full scale near peer war. I mean, look at the contingency in the Ukraine. They wouldn't dream of criticizing Elon because what's their network?

And so in a network-denied environment, think about how important connectivity is for all of these systems and how dumb some of them may become in the absence of connectivity. And so... Get ready. The network denial will be the first fulcrum of a full scale near peer war. I mean, look at the contingency in the Ukraine. They wouldn't dream of criticizing Elon because what's their network?

It's Starlink. Starlink is the unsung hero of the Ukrainian contingency. For whatever you think about the proprietor, that contingency would have been lost already without Starlink. And that's a hard network that they can't crack. It's all their comms. It's all of their ability to navigate all of these different new UASs. So...

It's Starlink. Starlink is the unsung hero of the Ukrainian contingency. For whatever you think about the proprietor, that contingency would have been lost already without Starlink. And that's a hard network that they can't crack. It's all their comms. It's all of their ability to navigate all of these different new UASs. So...