Darren Farber on Iran, China, and the Rise of Neoprimes - [Invest Like the Best, EP.474]
episode
Invest Like the Best with Patrick O'Shaughnessy
46 min
2 speakers
6 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
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Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best. This show is an open-ended exploration of markets, ideas, stories, and strategies that will help you better invest both your time and your money. If you enjoy these conversations and want to go deeper, check out Colossus, our quarterly publication with in-depth profiles of the people shaping business and investing. You can find Colossus along with all of our podcasts at Colossus.com.
Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc.
My guest today is Darren Farber, and this is his second appearance on the show. Darren's the managing partner of Albion River, a defense-focused investment firm, and he previously served as a special advisor to the Deputy Undersecretary of Defense.
What does “winning” look like in a potential Iranian conflict?
We recorded this conversation in the middle of the Iranian contingency, and we spend most of our time on what winning actually means in a theater like Iran. We discuss why magazine depth matters for the American industrial base, lessons from Ukraine, and what the rise of neoprime defense companies. will require from Congress. Please enjoy my second conversation with Darren Farber. I think to begin you have to define what it might mean for us to win some of these open theaters of war in the world right now. We came through this period where anyone that was a macro type person that I would have in that seat would talk about this multipolar world and the US is retreating from the global stage and it's not gonna be the world police any longer and we don't need the interaction with the rest of the world.
Seems like we're in a very different world now. Everyone wondering what winning would even mean in a theater like Iran. And I'm curious for you to just riff on that.
So
winning
is politically defined. The Strait of Hormuz was open before this contingency at the end of the day. And so if all we get is the Strait of Hormuz back open, strategically maybe was the juice worth the squeeze, for lack of a better term. I would argue that you've degraded an enormous amount of Iranian military capability, which is what the department's internal frago, their order, was to do. And so you have degraded that.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:01–2:32
2
What does “winning” look like in a potential Iranian conflict?
2:32–8:45
3
How does control of the Strait of Hormuz affect U.S. strategy?
8:45–24:00
4
What are the differences between Eisenhower’s and Taylor’s military doctrines?
24:00–32:37
5
Why is “magazine depth” crucial for the American industrial base?
32:37–43:36
6
What lessons from the Ukraine war are shaping U.S. defense planning?
43:36–46:34
Speakers
2 identifiedMore from Invest Like the Best with Patrick O'Shaughnessy
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