WEBVTT

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I'm trying to understand just if you
look at sort of the growth trajectory,

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the sales, how much of the sales frankly
I think actually even coming there's a

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huge part coming from even existing
customers and just what the scale of

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this thing ultimately looks like in
your mind. Okay, there are two parts. You

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know, of course, when I hear short
sellers attacking uh what I believe is

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clearly the most important software
company in America and therefore in the

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world in terms of our impact simply to

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make money and calling trying to call

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the AI revolution into question where we

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have these this anomalous numbers 114,
rule of 40, etc. It just is super

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triggering because these people they
could pick on any company in the world.

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They have to pick on the one that
actually helps people that actually has

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made money for the average person.
that that is actually supporting our war

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fighters. Why do they have to go after us?
And I'll tell you what though, it's

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crazy motivating because I'll tell you
why the short sellers are constantly

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getting screwed by Palanteer because
every time they short us, we just are

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like tripling down on getting the better

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numbers and part honestly to make them

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poorer. But okay, so um the the the the

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the question of like uh the actual power

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of the business and what is it worth?
I mean at the end of the day one of the

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things that is actually in the book the
the biography and that I actually think

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that you always have to ask to to the is

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the person persuasive or are they right

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and across all sorts of movements
political I mean you see this on the

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regressive part of the Democratic party
we're about to probably have a complete

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disaster I was born in New York like
but if you actually said do these things

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actually work everyone's like of course
I'm not going to vote for that but

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instead they asked does it work in theory
the theoret politicians, you have

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to ask how often have you been right?

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And Palanteer is about pragmatic

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decisions that create unfair advantages

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for America and its allies. And on that,
we've been right for almost 20 years on

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all major decisions. And I believe we'll
be right going forward. Now, you could

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argue, I don't know, like they're
constantly like, but they they thought

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Palanteer was overvalued at 10. They
thought it was overvalued at 20. I'm not

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even here saying what the valuation is.

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I'm just saying find a company in the

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world that has a rule of 114 that has US

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commercial growing at 121% that

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aggregate growth in the US is 77% that

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has throwing off free cash flow in a way
that's anonymous and that is fully

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aligned with our customers and you
figure out the value but they're in the

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business of being skeptical and being
wrong and we're in the business of

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giving an unfair advantage to American

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workers, American war fighters and
our investors. Being short is is a very

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difficult place to be because you can
lose everything, right? You can drive

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these people into the ground. Michael

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Bur put a really big bet on. It's almost

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a billion dollars. It's 912 million

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dollars. That's a big step for him
to put into that. What when you say you

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redouble your efforts, what do you do?

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What do you go back in? >> Um,
well, first of all, he's it's like

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he's actually putting a short on AI. So,
the way I read it was us and Nvidia and

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it's like >> the biggest position is you
though. I just threw all the shorts.

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>> Okay. So, and and then by the way
with the shorts is very complex. It's not

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even clear that I honestly I think what
is going on here is market manipulation.

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We delivered the best results everyone
anyone's ever seen. It's not even clear

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he's not doing this to get out of his
position. I mean these people they claim

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to be ethical, but you know like they're
they're actually shorting one of the

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great businesses of the world. And I'm
not against shorting as a matter of

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theory, but I'm just saying pick
something that is not doing a noble

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task. And you know, it's us against them.
And that's a good position for us.

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I I mean, look, when you're printing
a rule of 114, again, people who aren't

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technical, I think roughly a an
incredible score, like an Olympic grade

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score on rule of 14 is like 50. I mean,
that's roughly like if you're between 50

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and seven, you're an Olympic athlete,
a unique influential athlete. This is like

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Michael Phelps like score like Michael
Jordan. Like there are no scores like

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this there. and and 121 growth off of

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almost a 1.5 run rate in US commercial

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and a 77 77% growth in the US and an

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aggregate off of an aggregate base of of

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$4.5 billion. By the way, I predicted

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we'd get here. So, you know, it's like I

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if you want to short that, be my guest.

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You go ahead. We're just going to go do
our things. I mean, look, I'll tell you

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there's a tale of two cities in our

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society. We need experts versus retail.

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And you see it like, you know, I don't
know why these newspapers are running

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helping Mandani win. I don't know why we
can't have honest discussions about our

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future. I don't know why we have
to allow fentanyl attack. But it's almost

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always sympathy for the expert that
doesn't need it. The short seller that

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has some ridiculous reason for doing
something against I mean most of GDP

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growth in this country is because of AI.

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The real question is how do we grow that
and expose workers? What is the worker

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available GDP? That's the question
for our society. Instead of aligning on

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that, we've got these completely.
And again, if the numbers weren't there,

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great. Be my guest. But then the numbers
are there. So then you you're not it's

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not even clear he's actually shorting us.
It's it's probably just how do I get

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my position out and not look like a fool.
I don't know. But I do think this

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behavior is egregious and I'm going to

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be dancing around when it when it
when it proves it's proven wrong.