The Ledger, every show

“And so we can make generic pills here in the United States cheaper than what we can buy them for from India or China.”

“And they've literally told the brand manufacturers, if you deal with costplusdrugs.com, we will diminish you on that formulary. So instead of reaching a hundred eighty million people, And not just for the drugs they work with us on, but for their entire portfo…”

“So it's not a bubble that's going to impact most people in the room, right? Or most people across the U S but it could just destroy a lot of VCs and a lot of funds and a lot of PE, right? Because they're going all in.”

“But AI is not going to, you know, take away 50% of the jobs. There's just so much it can't do that regular people need it to do.”

“Because 95% of medicine is guessing.”

“When it's all said and done over the next three years, there's going to be two types of companies. Those who are great at AI and those who went out of business.”

“I think everybody's making this push for humanoid robots. I think they might have a five-year lifespan and then they'll fail miserably, maybe 10.”

“And yeah, and legislatively you could fix it in a heartbeat. You got to post a bond. 25,000 dollar bond, depending on the size of the market, maybe more, and then give everybody 90 days to check it, and all of a sudden the whole industry changes, and American …”

“You increase, you know, from a two and a half percent average tariff to a 15% tariff, that's their profit margin, and it's gone.”

“Particularly because AI is not smart. Right. AI is just statistical right now. And I'm of the mindset that that's not going to change for a long time.”

“We had more people die during riots during his term than Biden by a long shot”

“And you know what matches up perfectly? What matches up perfectly is that 9.1% in 2022 and the day that that agreement ended. Where MBS and Russia limited production, that agreement ended it like this.”

“Now, they say they're going to pass on a hundred percent of that rebate. They don't. They create all these subsidiaries and everything that skim 10% or whatever off the top”

“Humira is about 8000 dollars a month. Six to 8000 dollars a month. USIMRI is about 700 dollars a month. But they won't add USIMRI to their formularies because they don't want to use the revenue in the margin.”

“If you're dealing with one of those big three PBMs, it cost an independent pharmacy probably 12 dollars, give or take, on the location to fill a script. They're paying them 50 cents”

“Part of the challenge is getting manufacturers to sell to us because they're afraid of the response they'll get from the insurance companies.”

“It's a shit show. You know, you don't need, you know, all these, building all these new buildings and buying all this real estate, and there's no, you know, lying about your cost to do something. Oh, our Medicare, you know, we provide Medicare. We lose eight, …”

“And going forward over whatever period of time it takes for us to get to the other side, it'll be the best time in the history of mankind to ever start a business because there are no rules.”

“The type of investments I won't do or don't do is ones where companies buy sales. So this is going to be a company that has to raise five hundred million to do one hundred million in sales because they want to own market share. And then they can get an exit be…”

“If there's a price performance curve on AI that minimizes the power requirements, there's going to be a lot of data centers that are going to be turned into pickleball courts.”

“Nothing's going to be texting pictures in 10 years, right?”

“I think people, as they become more uncertain with their politics, are going to go more and more and more to large language models and say, who should I vote for?”

“Is it's not driven by attendance. It's not driven by wins or losses. It's driven by subscriptions to streaming services.”

“So I think if a company has IP that as part of their software, and when I say IP, not just, okay, our software is a little better, faster, cheaper, more, this is a database of things that you can't get anywhere else, that they're not making available to AI to …”

“The ability to process is going to get faster, cheaper, right? And it's going to happen faster and quicker than people expect. And so I think a lot of the numbers that they're throwing out there aren't going to come to fruition, you know, which is why I say th…”

“And what you'll, you're starting to see happen, and will happen even more, if you own intellectual property, you're gonna see fewer people applying for patents, because the minute you apply for the patent, it's available to everybody, which means every model c…”

“If you try to work in a big company and become an entry-level software engineer or programmer, that's just not gonna be there because the people in that big company, they're gonna have training, they're gonna have older people that are in the IT department tha…”

“You know, to make it so that, you know, just give me your wallet and that's, you know, it's going to end up being a scam and a lot of people are going to get ripped off there.”

“There's somebody somewhere trying to figure out how to fuck up self-driving mode, right? Because it's just taking video input, and you know, what, it could be some pattern, and all of a sudden you're seeing this pattern on medians, or, you know, overlaid on st…”

“Because any, whether it's China or Vietnam, any country, if you're outside the United States, you immediately have a cost advantage, not the manufacturing, but just from an IP, from a, and from an Amazon cost perspective.”

“Our biggest inhibitor and why we haven't done it yet is all the fees that the FDA charges. So it's about 365,000 dollars to set up what's called an end on new drug application.”

“If you go on X and you use Grok, it almost always, unless it's something that Elon is, is individually interested in, it comes up with a legitimate answer.”

“What's the earnings of people who are in ESOPs? Employee stock ownership plan versus everybody else. It's dramatically higher. It's not even close. They make more than union employees.”

“It will change because there'll be millions of models as opposed to just singular foundational models.”

“People who are on Medicare Part D for drugs come to Cost Plus Drugs because we're cheaper than their co-pays.”

“One of the biggest insurance companies had a 161 billion dollars of intercompany transfers.”

“Costplusdrugs.com is still the only pharmacy company that publishes an entire price list.”

“So this season, right, starting with the NBA season, how well that does in terms of driving subscriptions and reducing churn, that's going to make or break everything that comes forward for all sports.”

“I think the Thunder methodology is better now. With the new CBA. Every new CBA creates transitional issues. Where your decisions were made in a legacy environment and they just changed all the rules. And now it's even more difficult with the second apron. Beca…”

“And they, and that's, you know, going back to what I said earlier, there will be disintermediation, but I don't think the net number of jobs is going to decrease.”

“There'll be millions of large language models.”

“Houses are going to be redesigned, because right now, when we design houses, and we design robots, we design them to work for us, and the optimal robots aren't going to look anything like us at all.”

“There's not, there'll be five, six, whatever it is, foundational models before there's consolidation. But beyond that, there's gonna be millions of models. Millions and millions of models. And every brand is going to need a model, particularly like in healthca…”

“There's not, there'll be five, six, whatever it is, foundational models before there's consolidation, but beyond that, there's going to be millions of models, millions and millions of models, and every brand is going to need a model, particularly like in healt…”

“Going to any other company who has no idea about AI, but needs it in order to compete, there'll be more jobs than people for a long, long time.”

“And so now the number of encounters at the border is about the same as what it was right before the pandemic under the Trump administration.”

“Pharmacy benefit managers Are ripping off more companies and costing and increasing the cost of medications more than anything else that's happening in healthcare”

“They've already, you know, just the tax rates are completely different than the Biden budget proposals, where there's no, you know unrealized capital gains, etc. They went to 28 and 28%, so it's not going to be what was proposed by Biden.”