Robert Armstrong

I mean, I remember as soon as he said, I'm not going to allow public defense companies to issue dividends, they're not allowed to do buybacks, the first message in our research group was, can he do that?

And if you look at the stock, you think, I guess he can, because the stocks are way, way down.

They're down.

I think...

crucially, just to go back to the Monroe, the Donrow doctrine that we're describing here, it seems as though in the last few weeks, he's gotten kind of an appetite for going in with guns and shooting people and blowing things up, taking things, winning.

And it seems to have emboldened him to

to have that approach towards everything.

And I guess that is sort of what you're saying here is it's not just in the world of geopolitics.

It's kind of everything.

And it's almost as if reverse taco might be the defining feature of 2026, where he's decided, actually, you know what?

I really don't give a fuck.

I thought I did, but I don't.

I like that framing because I like that it doesn't appeal to the ethics of it all, which we must recognize doesn't seem to be a huge part of the calculation for this administration.

I'm sorry, it isn't.

I think let's take that to its end.

Like, let's take ethics entirely off of the table.

Let's go fully Realpolitik.

If our only goal is to make more money, let's assume that's all we care about.

Should we invade nations and take their stuff?

And I do think that if you're thinking in the short term, and also if you're thinking in election cycles, as he does, there is an argument to be made that yes, you should.