Jason Kuhn

I'll never be able to judge what motivated Dennis Mullenberger, whether it was a stock price that was going to continue to go up and up, or whether it was just beating the other guy to the next rate increase, he said. He added later, if anybody ran over the rainbow for a pot of gold on stock, it would have been him. Who do you think said this? It was the incoming CEO of Boeing.

I'll never be able to judge what motivated Dennis Mullenberger, whether it was a stock price that was going to continue to go up and up, or whether it was just beating the other guy to the next rate increase, he said. He added later, if anybody ran over the rainbow for a pot of gold on stock, it would have been him. Who do you think said this? It was the incoming CEO of Boeing.

And I was so flabbergasted because I'd never seen something like this. So in a company where safety has to be the number one priority, To have an individual that's characterized by the incoming CEO as solely focused on their compensation plan sort of explains why there's all these fissures in this company.

And I was so flabbergasted because I'd never seen something like this. So in a company where safety has to be the number one priority, To have an individual that's characterized by the incoming CEO as solely focused on their compensation plan sort of explains why there's all these fissures in this company.

Because again, back to that famous Charlie Munger quote, show me the incentive and I'll show you the outcome. If the incentive is safety and world-class engineering, that's what you'll get. But if the incentive is earnings per share growth, then that's what you will also get. And Boeing was a darling of the stock market for a very long time.

Because again, back to that famous Charlie Munger quote, show me the incentive and I'll show you the outcome. If the incentive is safety and world-class engineering, that's what you'll get. But if the incentive is earnings per share growth, then that's what you will also get. And Boeing was a darling of the stock market for a very long time.

And now what happens is underneath, the other things that actually should matter, i.e. safety, are slightly deprioritized, and then you have these issues. I really hope these two people get back safe. It seems like they're doing a lot of experiments and they love being up there, but it's a little bit unacceptable that they have to be there until February.

And now what happens is underneath, the other things that actually should matter, i.e. safety, are slightly deprioritized, and then you have these issues. I really hope these two people get back safe. It seems like they're doing a lot of experiments and they love being up there, but it's a little bit unacceptable that they have to be there until February.

But I do trust that if Elon has to go and get them, SpaceX will do a great job and they'll be home sooner.

But I do trust that if Elon has to go and get them, SpaceX will do a great job and they'll be home sooner.

Oh my God, could you imagine if that was lobbied?

Oh my God, could you imagine if that was lobbied?

But by the way, just back to what Friedberg said before, sorry to interrupt you before you go, Sox, but Why is this even possible? It's exactly as you said, J. Cal, we have competition. But why is competition possible? It's because of what Friberg talked about before. We didn't have a set price. The government didn't come and say, you will build it for X and I'm only doing it one time.

But by the way, just back to what Friedberg said before, sorry to interrupt you before you go, Sox, but Why is this even possible? It's exactly as you said, J. Cal, we have competition. But why is competition possible? It's because of what Friberg talked about before. We didn't have a set price. The government didn't come and say, you will build it for X and I'm only doing it one time.

The free market was able to solve this problem. And it turned out the more capable solution was 40% cheaper than the one that they thought was going to work. And the one that was 40% cheaper was also on time. And the other one was unreliable. And this other one, seven, eight, nine, 10 years delayed.

The free market was able to solve this problem. And it turned out the more capable solution was 40% cheaper than the one that they thought was going to work. And the one that was 40% cheaper was also on time. And the other one was unreliable. And this other one, seven, eight, nine, 10 years delayed.

Every day of the fact that these other ideas just don't work.

Every day of the fact that these other ideas just don't work.

He's called me from the bath. I know he's in the bath because you hear this kind of like echoey kind of, you know, so it does. And it's like, oh my God, you're in the bathtub. Yeah. It's clear that he's in the bathroom.

He's called me from the bath. I know he's in the bath because you hear this kind of like echoey kind of, you know, so it does. And it's like, oh my God, you're in the bathtub. Yeah. It's clear that he's in the bathroom.