The discussion centers on the validity and purpose of theoretical physics, addressing whether it is a legitimate field given its often abstract nature. Theoretical physics develops models and predictions based on experimental observations, which can later be tested and verified, thus demonstrating its accuracy. It is clarified that theories in science are not mere guesses but mathematical descriptions grounded in empirical evidence. The conversation also distinguishes between laws and theories, emphasizing that laws describe phenomena while theories explain them. Overall, theoretical physics is portrayed as an essential component of scientific inquiry, contributing to our understanding of the universe.