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Gained 160 points, but the nasdaq dipped 3. 4 we still care about the federal reserve. They know nothing just kidding. Or the president s speech tonight at the Republican National convention. But the core question is very simple, do you think we can beat covid19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powells big speech at jackson hole we parsed every word, and it wasnt worth parsing he was a prison...

In your new book the innovation stack you talk about a glassblower to team up with the founder of twitter to build a multibilliondollar Payment Company you talk about perfect problems when did you realize how Business Payments were a perfect problem . I needed a way to delineate problems if you think about the worlds problems those that are solved so we could copy the solution. And then for one reason or another are not solvable. We dont have a way to do it but then that group in the middle of s...

Perfect problem. So he needed a way to sort of delineate problems. If you think about the world problems, you got the ones who are salt so that we can cover the solution. And may be a problem that symbiosis already figured out. Then you have the ones that are one reason or another are so lovable. We just dont have the ways to do it. But then theres a group in the middle of solvable problems that have not yet been solved. Jim so that is what i call the perfect problem because that in fact, is the...

Problems that havent yet been solved. So thats what i call the perfect problem because that, in fact, is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve a problem that is solvable but hasnt been done. You had to do something you and you dont get to copy. And so we were then taken around for ideas and you do not have an idea and i didnt have an idea so we started looking for problems that we can solve and came up with the problem of how they got p...

Steve told the story of going from a glass blower in st. Louis teaming of the founder of twitter to build a multibillion payment company. In the book you talk about a lot about perfect problems. When did you realize that Small Business payments were a you are going to have to do something new and you cannot copy. I hired jack when he was 15, he was a High School Student came into work at a company that i actually still have. I dont run any of my companies but it also dont sell them. This ones be...

I hired jack when he was 15. A High School Student. Came to work for a company that i actually still have. Then he went off to college. We kept in touch. And then he got kicked out of twitter. The first time. And they showed him the door and he came back to st. Louis and we were hanging out talking. Decided wed start the company together. We then were kicking around ideas. So we started looking for problems we could solve. Came up with the problem of how got paid. You talk in the book about your...

Inspector general sopko, welcome to the Foreign Affairs committee. Forward to learning the lessons of afghanistan, but also getting some input to what we should do in the future. Afghanistanes in over the last six years have 10. Aged roughly we mourn those deaths and take them seriously. Compared to the other ,onflicts we are engaged in compared to the training deaths we suffer in our military, we cannot have the exhaustion of 10 years ago blind us to what is the operation now, and what is its c...

Efforts in afghanistan. We will come to order. All members will have five days to submit statements to the record. Notice, we are here today to examine the lessons from americas war in afghanistan. , welcome general sopko to the Foreign Affairs committee. I look forward to learning the lessons of afghanistan, but also getting some input to what we should do in the future. Learning the lessons of afghanistan, but also getting some input to what we should do in the future. Afghanistanes in over th...

Perhaps we shouldnt have. I think the days of occupying nations and reconstruction with the hope that jeffersonian democracy is going to plant seeds and roots, it may have been naive. Its a very primitive country, afghanistan. Ive been there many times. So my question, as i advise the president on syria, a residual force to protect the homeland, i dont think we can afford to stay in these countries forever and occupy them forever. I think the most important thing we can do is to have a residual ...

Listening to him say i dont watch the stock market seems fanciful given that he tends to be firmer on his trade rhetoric when the market is close to alltime highs when he frames things these way i wait for the moment he stands up in an arena like alabama and says all those Treasury Bonds the chinese hold, how did they get it . They stole it. Thats where hes headed if hes around another four years, thats where its headed. Youve raised that point before it seems a natural conclusion and it would b...