Right.

So we don't have that.

We have high mortality rate.

Up until techno feudalism, we had a high mortality ra-rate of large companies.

[clears throat] So the, there's the, the, the scaling, uh, the, the mechanism that I investigated, uh, uh, scientifically, you know, mostly the non-linearity of- Of the scale.

Like for example, if you grow, you grow in 3D, but your contact to the floor is in 2D.

So you're gonna have wider and wider feet.

Mm-hmm.

Please welcome Nassim Nicholas Taleb.

Hello, I'm honored to be here and I thank Colonel McGregor for discussing Skin in the Game because basically I have nothing to add, maybe a few details.

So before I start my thing on seven points that characterize a modern world that's completely different from what we have in mind.

Let me mention something on Skin in the Game.

The idea of Skin in the Game is that it's not so much a deterrent as much as a filter.

When you drive on a highway, even on Friday night or even on New Year's Eve, you know, anyone could drive backwards, kill 15 people.

why it doesn't happen frequently.

right

Right.

So, now we're gonna make socks.

Uh, can you imagine, the high margin (laughs) so, uh, instead of making, um, instead of making films, we're gonna make socks.

And, and that also misperceptions of the whole process of a lot of things in, uh, in, in basic, uh, you know, uh, trade accounting.

Like, uh, they say, "Oh, they're ripp- uh, they're ripping us off." I mean, I'm a dentist, all right? And I go buy my bread.

Uh, this is ripping me off, all right? I should make my own bread, uh, and, and then the president should probably be a baker should be a dentist.

So, the, the whole, the whole idea is not... i- it doesn't stand on its... and, and plus they have... y- you know someone is not very intelligent or not very skilled-... and you can detect that at, at, it's like arbitrages.

We'll trust you.