01:09:21 · Brett Caughran, Alistair Smallwood
[01:09:21] S1: Yeah, yeah. And I think at all firms now you're having sort of this early adopter cohort of analysts who have spent the time on nights and weekends that are like, holy crap, look what you can do. The problem is that transmission mechanism from those five people at a 100 person firm, how do you adopt that strategy to the other 95? And like the challenging point is like you're on an exponential here. Like to me only with Opus 5.5 a couple weeks ago did I feel like I could now scale an investment firm. Like I could build a single person investment firm now. Like I'm confident of that based on the system I've built that could actually generate alpha and protect risk. So it's like not moving too fast, making sure you're sort of moving and deploying at the right time when the technology is ready, which I think we think it's, if not today, like close to it. But then it does require this sort of mosaic theory of scale and system type like it required, like it is sort of a different lots of different approaches to doing the job. [01:10:23] S0: Exactly. And the more time that you can spend doing that research and development around those potentially new methods, and they will just plug in as an additional input to the ultimate system that you build is super powerful. And there'll be a huge number of things that we're still yet to discover. Hopefully, over next few months, we can share some of those with you. [01:10:40] S1: Awesome. Great. Well, thanks for your time, Alastair, and good to spend this time with you.
01:10:40 · Brett Caughran, Alistair Smallwood
[01:10:40] S1: Awesome. Great. Well, thanks for your time, Alastair, and good to spend this time with you. [01:10:46] S0: Perfect. Cheers, Brett. Thanks so much. Bye bye.