Darren Farber on Iran, China, and the Rise of Neoprimes - [Invest Like the Best, EP.474]

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 some. 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. 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. 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. We're talking about This multipolar world in 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's wondering what winning would even mean in a theater like Iran.

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