Friedberg

If you just created some kind of like a DARPA challenge, like equivalent to this, give it to Stripe, give it to Gusto. give it to a handful of these smart companies to give a guesstimate and see who accurately predicts this number over the course of a year or two. That's more reliable and frankly, more useful to the market than what the BLS is doing.

If you just created some kind of like a DARPA challenge, like equivalent to this, give it to Stripe, give it to Gusto. give it to a handful of these smart companies to give a guesstimate and see who accurately predicts this number over the course of a year or two. That's more reliable and frankly, more useful to the market than what the BLS is doing.

My first job out of college, by the way, was not in tech, but it was in finance. I was a derivatives trader. And what was so incredible is I remember sitting at my desk in front of my terminal on the trading floor when non-farm payrolls would hit and people would just go crazy.

My first job out of college, by the way, was not in tech, but it was in finance. I was a derivatives trader. And what was so incredible is I remember sitting at my desk in front of my terminal on the trading floor when non-farm payrolls would hit and people would just go crazy.

There would just be literally tens or hundreds of billions of dollars that would start flying back and forth based on what that number was. And now to think about that much velocity in a totally random way, because those numbers aren't reliable, it seems just crazy.

There would just be literally tens or hundreds of billions of dollars that would start flying back and forth based on what that number was. And now to think about that much velocity in a totally random way, because those numbers aren't reliable, it seems just crazy.

Freebrook, what does the betting market say specifically for September?

Freebrook, what does the betting market say specifically for September?

It's not even clear how they were making decisions before, nor now. But I tweeted about this yesterday. I think the thing that matters more than anything else is to make sure that the people that they are letting in are in love and obsessed with the things that MIT is supposed to be great at. So if you are a great creative thinker, designer, architect, you should be at RISD. I'm giving an example.

It's not even clear how they were making decisions before, nor now. But I tweeted about this yesterday. I think the thing that matters more than anything else is to make sure that the people that they are letting in are in love and obsessed with the things that MIT is supposed to be great at. So if you are a great creative thinker, designer, architect, you should be at RISD. I'm giving an example.

If you are a great musician, you should be at Juilliard. You should not be going to MIT because you think it's a checkmark. You should be going there because you think that there are professors in organic chemistry, in physics, in these disciplines that are really important, who are experts in their fields, that you can learn from and become an expert yourself.

If you are a great musician, you should be at Juilliard. You should not be going to MIT because you think it's a checkmark. You should be going there because you think that there are professors in organic chemistry, in physics, in these disciplines that are really important, who are experts in their fields, that you can learn from and become an expert yourself.

And I think the problem with all of this other stuff is once you make it a credential, there are some folks that are only going to MIT, because they could get in and because it's a great credential in their minds. And they shouldn't go there either. So I think the thing is, you have to get back to what matters, which is, there are all of these industries that have not progressed that much.

And I think the problem with all of this other stuff is once you make it a credential, there are some folks that are only going to MIT, because they could get in and because it's a great credential in their minds. And they shouldn't go there either. So I think the thing is, you have to get back to what matters, which is, there are all of these industries that have not progressed that much.

And in order for those industries to advance, you need really talented young people who can learn and apprentice and then take over. And I think MIT is one of these rare places that focuses on this part of the physical world that hasn't had as much progress. And so I just want to make sure that the people that go there actually want to be there for that reason.

And in order for those industries to advance, you need really talented young people who can learn and apprentice and then take over. And I think MIT is one of these rare places that focuses on this part of the physical world that hasn't had as much progress. And so I just want to make sure that the people that go there actually want to be there for that reason.

Gender, race, all that other stuff shouldn't matter.

Gender, race, all that other stuff shouldn't matter.

No offense to everybody at Harvard, but Harvard is more of a pure credential. Like MIT, I buy more that you go there for certain kinds of specializations. Caltech, you go there for certain specializations. If you're really into wine, you go to UC Davis. My point is these schools exist for reasons other than just as a collector coin that you put in your pocket.

No offense to everybody at Harvard, but Harvard is more of a pure credential. Like MIT, I buy more that you go there for certain kinds of specializations. Caltech, you go there for certain specializations. If you're really into wine, you go to UC Davis. My point is these schools exist for reasons other than just as a collector coin that you put in your pocket.