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Darren Farber

๐Ÿ‘ค Speaker
380 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

There is a very credible path towards something extremely dangerous happening, and it kicks off a chain reaction that brings us to the precipice. Why are some nations that have resources nuclear and some others not? So ultimately, if you have enough smart people and you have resources, you get the capability. So I really worry about something like that.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

There is a very credible path towards something extremely dangerous happening, and it kicks off a chain reaction that brings us to the precipice. Why are some nations that have resources nuclear and some others not? So ultimately, if you have enough smart people and you have resources, you get the capability. So I really worry about something like that.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

And I almost view something like that to a certain extent with the march of technology as... inevitable. And so we're going to have to go back to the physics of it and how we govern it. Like the molecule, that's why these things around it will have to be so important and controlled because if the substrates exist in the system, there'll be enough technology in order to build a capability.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

And I almost view something like that to a certain extent with the march of technology as... inevitable. And so we're going to have to go back to the physics of it and how we govern it. Like the molecule, that's why these things around it will have to be so important and controlled because if the substrates exist in the system, there'll be enough technology in order to build a capability.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

My entire experience is an acquisition. I don't come from the policy and planning world. I don't come from strategy and plans. And there are people in the building that spend their life thinking about these things. I come to it with a merchant's nose of like, what do you need in order to prosecute the mission? I think about it in terms of the long-term impact to our business.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

My entire experience is an acquisition. I don't come from the policy and planning world. I don't come from strategy and plans. And there are people in the building that spend their life thinking about these things. I come to it with a merchant's nose of like, what do you need in order to prosecute the mission? I think about it in terms of the long-term impact to our business.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

But what's amazing is how wrong the capabilities we impute into an adversary. Look, no one thought the result of the Ukrainian contingency would be this. No one. I forget who attributed the quote, but it says something to the effect of, Surprise attacks are so common, they shouldn't be a surprise. It's kind of like man makes plans and God laughs.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

But what's amazing is how wrong the capabilities we impute into an adversary. Look, no one thought the result of the Ukrainian contingency would be this. No one. I forget who attributed the quote, but it says something to the effect of, Surprise attacks are so common, they shouldn't be a surprise. It's kind of like man makes plans and God laughs.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

So I feel like there's so much probability distribution in the way a lot of this happens. And the best insurance policy to wrap around all this is technological superiority. And that's why I'm so happy to see the level of energy investment that's going into it.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

So I feel like there's so much probability distribution in the way a lot of this happens. And the best insurance policy to wrap around all this is technological superiority. And that's why I'm so happy to see the level of energy investment that's going into it.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

I view my job as being a good steward of capital for the inputs into a lot of these systems and that we can continue to leverage the capitalistic system to make good returns and to create continuity of supply for the system.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

I view my job as being a good steward of capital for the inputs into a lot of these systems and that we can continue to leverage the capitalistic system to make good returns and to create continuity of supply for the system.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

On the professional side, there are two people. So one is my former boss at the Pentagon, Paul Brinkley. And I mean, he was Doge part one, this guy. He just wanted to modernize the place and he didn't care about how much China he broke in order to improve it. And there are very few people like that in a bureaucracy. He accumulated energy off of it. And he wrote a book about it.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

On the professional side, there are two people. So one is my former boss at the Pentagon, Paul Brinkley. And I mean, he was Doge part one, this guy. He just wanted to modernize the place and he didn't care about how much China he broke in order to improve it. And there are very few people like that in a bureaucracy. He accumulated energy off of it. And he wrote a book about it.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

It was published by Wiley a number of years ago. And then also Tom Pritzker, who really put me in business. I'd never bought a company before when I left the Pentagon. I don't have an MBA. I never worked at a private equity firm. I never worked as an investor in any kind of capacity. So here's a guy sitting across from you going, okay, you're smart. You can figure out business.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

It was published by Wiley a number of years ago. And then also Tom Pritzker, who really put me in business. I'd never bought a company before when I left the Pentagon. I don't have an MBA. I never worked at a private equity firm. I never worked as an investor in any kind of capacity. So here's a guy sitting across from you going, okay, you're smart. You can figure out business.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

He's like, we'll help you along. And if it wasn't, for meeting him in that environment that he creates. And they're really builders of companies. They've incubated so many businesses. You have to have someone to believe in you before you embark on it. And so I can tell you, when I started asking people for money, many people did not believe it.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

He's like, we'll help you along. And if it wasn't, for meeting him in that environment that he creates. And they're really builders of companies. They've incubated so many businesses. You have to have someone to believe in you before you embark on it. And so I can tell you, when I started asking people for money, many people did not believe it.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

It's that they have someone of that stature say, you can do this. don't worry about it, whatever, X number of years later.

Invest Like the Best with Patrick O'Shaughnessy
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]

It's that they have someone of that stature say, you can do this. don't worry about it, whatever, X number of years later.

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