On The Tail

Exactly. Tail risks are really what bite you in the tail. We are seeing that now. We should have quite a few people thinking about things like this — even about AI. That’s the pernicious thing about tail risks. They sneak up and then it’s too late. Makes me laugh when I see such cluelessness because it’s exactly these people who when something unexpected happens are like, “Why didn’t someone DO SOMETHING?”