Joe Lonsdale

And it's because all the defense companies are paid cost plus. And so they're- But that was cost plus. That means you get, say you go and you say, I spent- $10 million on this, so pay me $11 million for delivering it to you.

And so it becomes this really weird incentive where you purposely get all these expenses and spend way too much money on something so you can have a little profit so that your profit's bigger from the government. And so there's this weird model where... Oh, you're incentivized to be inefficient. Exactly. This is how we built this for 50 years.

And so it becomes this really weird incentive where you purposely get all these expenses and spend way too much money on something so you can have a little profit so that your profit's bigger from the government. And so there's this weird model where... Oh, you're incentivized to be inefficient. Exactly. This is how we built this for 50 years.

And so it becomes this really weird incentive where you purposely get all these expenses and spend way too much money on something so you can have a little profit so that your profit's bigger from the government. And so there's this weird model where... Oh, you're incentivized to be inefficient. Exactly. This is how we built this for 50 years.

And so you have things where Palantir or Andral, as an example, will come in and do something like attempt to cost better. It's just like... Crazy. It sounds like I'm lying. They do something like they'll have a drone versus Lockheed and their thing will be literally a 10th of cost to make. And it'll have like, you know, 60% more battery life. It'll be like twice as fast.

And so you have things where Palantir or Andral, as an example, will come in and do something like attempt to cost better. It's just like... Crazy. It sounds like I'm lying. They do something like they'll have a drone versus Lockheed and their thing will be literally a 10th of cost to make. And it'll have like, you know, 60% more battery life. It'll be like twice as fast.

And so you have things where Palantir or Andral, as an example, will come in and do something like attempt to cost better. It's just like... Crazy. It sounds like I'm lying. They do something like they'll have a drone versus Lockheed and their thing will be literally a 10th of cost to make. And it'll have like, you know, 60% more battery life. It'll be like twice as fast.

It'll carry 50% more weight. And then it'll literally be like a tiny fraction of the cost. And still you'll lose it first because Lockheed or whoever it was, Raytheon does this really well is they'll write the request for proposal with like a 300 page document specifying all these requirements that no one actually needs, but that actually make it so it has to be their solution.

It'll carry 50% more weight. And then it'll literally be like a tiny fraction of the cost. And still you'll lose it first because Lockheed or whoever it was, Raytheon does this really well is they'll write the request for proposal with like a 300 page document specifying all these requirements that no one actually needs, but that actually make it so it has to be their solution.

It'll carry 50% more weight. And then it'll literally be like a tiny fraction of the cost. And still you'll lose it first because Lockheed or whoever it was, Raytheon does this really well is they'll write the request for proposal with like a 300 page document specifying all these requirements that no one actually needs, but that actually make it so it has to be their solution.

And so this is the same game.

And so this is the same game.

And so this is the same game.

Headlights need to be exactly the same game being played by Germany and even Israel and other countries with their internal trade barriers against outsiders. Everyone plays is a game being played by the prime, stopping anyone from breaking in. And so these, this is what happens.

Headlights need to be exactly the same game being played by Germany and even Israel and other countries with their internal trade barriers against outsiders. Everyone plays is a game being played by the prime, stopping anyone from breaking in. And so these, this is what happens.

Headlights need to be exactly the same game being played by Germany and even Israel and other countries with their internal trade barriers against outsiders. Everyone plays is a game being played by the prime, stopping anyone from breaking in. And so these, this is what happens.

What we were talking about outside there is you get people who are bureaucrats in the complexity of the bureaucracy is a feature.

What we were talking about outside there is you get people who are bureaucrats in the complexity of the bureaucracy is a feature.

What we were talking about outside there is you get people who are bureaucrats in the complexity of the bureaucracy is a feature.

this is what happens in wars and one of my favorite books on this is uh the first world war by winston churchill where he's appointed the first lord of the admiralty and his job is basically to go in and just like knock heads the british navy and get rid of all the old fuddy-duddies he was super unpopular right he's unpopular as hell that's why they framed him at gallipoli in world war one and then threw him out and he was out of his career for a while because by virtue of having to fight the bureaucracy to fix it everyone hated him and wanted to like