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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]

And this effort by Doge is extremely meritorious and it happens in defense about every 20 years. So for people to say this is unprecedented, it's bunk. There's precedent everywhere in the department. It's a necessary extinction event. We also have to be able to manage these other contingent activities and we need to modernize. And this happens over and over again.

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

And this effort by Doge is extremely meritorious and it happens in defense about every 20 years. So for people to say this is unprecedented, it's bunk. There's precedent everywhere in the department. It's a necessary extinction event. We also have to be able to manage these other contingent activities and we need to modernize. And this happens over and over again.

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

And so it's just more exposed this time. There are tweet storms about it.

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

And so it's just more exposed this time. There are tweet storms about it.

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

Well, doctrine would say it was our ability to fight two continuous wars at the same time of near peers all over the globe and maintain world order. And look, it largely worked. It's an amazing run at enormous expense to the U.S. taxpayer, enormous expense. If you look at the rest of the G20 and you add up their contributions.

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

Well, doctrine would say it was our ability to fight two continuous wars at the same time of near peers all over the globe and maintain world order. And look, it largely worked. It's an amazing run at enormous expense to the U.S. taxpayer, enormous expense. If you look at the rest of the G20 and you add up their contributions.

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

And then you look at what the United States spent in order to protect the free world, which is really what it did. And the G20 got a huge peace dividend. What's the peace dividend? Well, outside of the United States, in the G19, education is largely free and health care is largely free. And you can do that when you don't have to protect the free world.

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

And then you look at what the United States spent in order to protect the free world, which is really what it did. And the G20 got a huge peace dividend. What's the peace dividend? Well, outside of the United States, in the G19, education is largely free and health care is largely free. And you can do that when you don't have to protect the free world.

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

And I believe the American taxpayer funded all of that. to enormous effect for these countries. And look, they didn't live up to the contract that they signed. At what point is it no longer the U.S. 's obligation in order to maintain stability? Now, there's a classical thinking in Washington that if we don't lead what fills the void is, could be complete chaos.

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

And I believe the American taxpayer funded all of that. to enormous effect for these countries. And look, they didn't live up to the contract that they signed. At what point is it no longer the U.S. 's obligation in order to maintain stability? Now, there's a classical thinking in Washington that if we don't lead what fills the void is, could be complete chaos.

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

And it's totally possible, but we've reached the guns and butter moment in terms of how big the deficit is. And so you have this perfect storm of

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

And it's totally possible, but we've reached the guns and butter moment in terms of how big the deficit is. And so you have this perfect storm of

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

You have an executive that's tired of freeloading, plus a balance sheet that can't afford to do it in the same way anymore, and a technological shift, which is actually the perfect opportunity for these people to go ahead and give it a try and take responsibility for their own backyard. I mean... The aid that the Europeans have provided the Ukraine, don't get me wrong, is very important.

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

You have an executive that's tired of freeloading, plus a balance sheet that can't afford to do it in the same way anymore, and a technological shift, which is actually the perfect opportunity for these people to go ahead and give it a try and take responsibility for their own backyard. I mean... The aid that the Europeans have provided the Ukraine, don't get me wrong, is very important.

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

It is peer or near peer to the United States. The United States defense complex has gotten a huge benefit from it because they've been buying mostly American gear. But the Europeans gave a loan guarantee. They expect to get paid back. We gave the money no strings attached. So our Jess is expected at infinitum. And it's a very difficult moment, and I view it as a very necessary moment.

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

It is peer or near peer to the United States. The United States defense complex has gotten a huge benefit from it because they've been buying mostly American gear. But the Europeans gave a loan guarantee. They expect to get paid back. We gave the money no strings attached. So our Jess is expected at infinitum. And it's a very difficult moment, and I view it as a very necessary moment.

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

And I think a lot of people have problems with the form, but the substance is absolutely meritorious. You just can't argue with it. Because I live in suburban Washington. I'm blown away how the narrative of... Government's inefficient has totally captured the zeitgeist of the entire Beltway. And six months ago, no one was talking about it. No one.

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

And I think a lot of people have problems with the form, but the substance is absolutely meritorious. You just can't argue with it. Because I live in suburban Washington. I'm blown away how the narrative of... Government's inefficient has totally captured the zeitgeist of the entire Beltway. And six months ago, no one was talking about it. No one.

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

No one was talking about the general inefficiency of government. And now both sides of the aisle agree that the broader government's extremely inefficient. And so that's amazing to me how the social zeitgeist can just change and move in this direction. But I think these are very necessary events. I think it's a good thing.

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

No one was talking about the general inefficiency of government. And now both sides of the aisle agree that the broader government's extremely inefficient. And so that's amazing to me how the social zeitgeist can just change and move in this direction. But I think these are very necessary events. I think it's a good thing.