Bradley

Hey, we'll make convenient ghost stores.

You walk in with your phone.

We'll see that it's your phone and you can Apple Pay walking out.

It'll just beep.

Well, then there were the people with a hoodie and a baseball cap and dark glasses that had no phone on them because they knew the game and walked up, took five things and walked out.

Hmm.

boy this is easy so there was shrinkage so basically amazon couldn't make this this thing work they couldn't make amazon fresh and the ghost store work so they're closing it and and and putting all their effort and grocery back into whole foods that's what happened and so it found out that you know human security guards or human people checking out were really helpful to curb shoplifting

Versus a guy walks in, I'll have two Red Bulls and that sandwich and walk out.

We'll scan his phone.

They deliberately didn't have phones in their pockets.

So I have a little bit of a contrarian view on this.

I'm a little skeptical because Harvard and Princeton did the same thing very, very recently.

I was seeing numbers over the last six months that Yale, Harvard, Princeton, MIT were taking in a larger percent of foreign students from wealthy families around the world who could pay full boat, meaning full price for everything.

Sure.

Number one.

Number two, Yale was also lost lawsuit at the federal level on manipulating admissions and being racially discriminated, having racial discrimination built into their intentional model.

Some people call it an algorithm.

It was intentional.

And it was Asian students and families that it came from Asian-Americans that said, hey, you know, we are being deprioritized and you're doing this wrong.

And all the way to the Supreme Court, Yale lost.