00:00:00
They're inventing this as they go too. >> Yeah. Right. There's not a playbook. No.
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>> Right. We say, "Oh, just put on guardrails." Well, they have to design the guardrails.
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>> Sure. >> Right. They the guardrails have an impact. So, they're racing against
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competition. They're racing against their own sense of greatness. >> Yeah. >> Right. Which is maybe even the biggest
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driver here. A And I think they're in earnest trying to think about how to do the right thing. And there will be a
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massive data leak. >> Of course, >> we we we know this. >> Yeah. >> Right. And it's like uh Warren Buffett
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talked about the reinsurance industry that you know something bad's going to happen. You don't know when.
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>> Yeah. >> But you got to save up for it, right? You put money away for reinsurance,
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>> but there will be a tornado. There will be a massive earthquake. I mean, we we
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know this and we can do our best to plan, but there'll be a massive breach and there they'll be and we we have to
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steal ourselves in advance and we have to think about it, think about the right response at the time and sort of prepare
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ourselves for a future that is in specific unknown, but in general, we're pretty sure it's going something's going
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to happen. >> Something will happen, right? And >> yeah, it's typically a black swan,
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right? That's right.