Patrick O'Shaughnessy

And you said something very funny, which was, he's young, he's mean, and he's not tired.

Many people would love to be the person that you were in the internet era for this AI era.

You did these 150 deals.

What was that process?

What was the team like that found them?

How much of it did you just do yourself?

Was there a defining early transaction other than QVC and HSN in those days that you think back on?

You've got this interesting setup with IAC now.

You've spun out all these businesses.

You've been this amazing capital allocator.

One thing that's so remarkable is

Buffett's observed this lots of times.

Usually amazing executives get to the promised land, which is tons of free cash flow they can do something with.

And now they have to be an allocator and they stink at it.

And you had the opposite experience, arguably a better allocator even than executive.

You're an allocator.

Again, it's amazing that you're still doing this through IAC.

How do you think about that job in this world?

Certainly, I understand how a visit to a place, a concert, something live and in person.

What about betting, though?