Jordi Visser

if you've done something wrong, when it's been spelled out.

I don't know what the rules are gonna look like, but I do believe there's a difference between cameras, which still involve investigative work, which takes people.

It's a less thing to actually catch someone as they do something and then have them sitting there with something on there.

Have a dog that like shoots a net, like in a cartoon.

And bites their leg and just holds on until it's over.

I mean, again,

pit bulls can kill humans.

So I don't think people are thinking about what dogs, like a robotic dog with powerful jaws like that will do, and no one's gonna want that.

So physical deterrence will deter a lot of this.

And then once it spreads, it's like you can't get away with the stuff you used to get away with.

Crime will go down, in my opinion.

Not cyber crime, but physical crime in there.

So I think there's stages of this, and everything that we're talking about, again, if people just break it down to their investments,

You have to think about the way you're invested because I'm telling you the way the market is reacting, it's just coming to terms with something you and I have talked about repeatedly for months.

That is what market multiples are about.

When you look at Brazil and you look at Europe, their PEs are much lower.

And their PEs are much lower because they didn't benefit from software.

Now we have the US PEs that are much higher and price to sales in the S&P 500.

If people looked at a chart of it, they'd be scared to death.

I mean, we're trading at three and a half times sales.