Elon Musk

It's not 90% effective.

People are constantly trying to do fraud.

Yeah, but I mean, you have high competence and you try hard.

You have high competence and high caring, but still fraud is non-zero.

Now imagine it's at a much bigger scale.

There's much less competence and much less caring.

You know, back in PayPal, back in the day, we tried to manage fraud down to about 1% of the payment volume.

And that was very difficult.

It took a tremendous amount of competence and caring to get fraud merely to 1%.

Now imagine that you're in an organization where there's much less caring and much less competence.

It's going to be much more than 1%.

Well,

I think those things needed to be done to maximize the probability that the future is good.

Politics generally is very tribal.

It's very tribal.

People lose their objectivity usually with politics.

They generally have trouble seeing the good on the other side or the bad in their own side.

That's generally how it goes.

That, I guess, was one of the things that surprised me the most is you often simply cannot reason with people.

If they're in one tribe or the other, they simply believe that everything their tribe does is good and anything the other political tribe does is bad.