Erik Bethel

How do we prepare for this militarily?

How do we prepare for this socially, medically, right?

Pharmaceuticals and so forth.

How do we decouple?

And start thinking through the range of options that exist, but actually prepare, right?

It's as if we're in La La Land and focusing on silly things.

Remember when we were banning gas stoves two years ago?

You guys remember that?

Now, again, they are incented to do things based on the game that they have to play, right?

Right now we have cost plus accounting and the way cost plus contracting and the way it works is it's the way the system is set up and we may hate it, but it is the system like in their defense.

And by the way, I'm as opposed to them as you are, but in their defense, you know,

The cost of a missile is, let's say, a million dollars.

And so they charge a markup.

It's cost plus a little markup, right?

The next year, what are they going to charge?

Well, gosh, I got to grow my stock price.

So I guess my costs went up to $2 million.

There's some great companies.

You mentioned Ceronic, which we invested in.

There's a company called Regent that makes a sea glider that flies below radar and above sonar with a very, very long range, essentially invisible.