If You Appease a Bully, He Won’t Stop

Añadido: 2026-05-28

[00:00:00]So, so this is So, that there's no doubt Lester that the firms that are bending the knee are telling themselves a completely plausible story that the deals they're making are not going to require them to actually do that much different, right? And that's probably right. I mean, it's probably true that like not that much actually changes on the ground under the terms of these deals.

[00:00:21]But, what the hell kind of message is it sending? And And more to the point, Lester, if you settle today, what happens 6 months from now or next time when they come back and say, "Oh, no, you got to do more."

[00:00:32]Right? This is the message of appeasement, right? If you appease a bully, he's not going to stop.