Ken Griffin

The second dynamic that's happening right now is some of the labor hoarding of the pandemic era is ending.

And it's much easier to tell your employees, because of AI, we're reducing head count, than to say, because we've maintained a fair number of people on our team that we really didn't have good work for, we're reducing our workforce.

One depersonalizes a decision.

It's a technological transformation that's out of my control, and I'm sorry this is happening.

Whereas admitting that you hoarded labor for years is just a very different message, one that people don't want to make, state, or hear.

Look, I think the most important advice I can give is not to the person who just graduated, it's the person who's just starting college.

Pursue a course of study where you will learn to be a good problem solver.

Pursue a course of study in which you will have the toolkit

the mathematical skills, the statistics background, to really be highly employable in this global economy we live in today.

There's still a huge deficit in the Western world of individuals with backgrounds and STEM degrees.

It's really important that you think about your college years as doing two things.

It creates for you the foundation to be a lifetime learner.

Because whether you just graduated from college or you're just starting college, you're going to have to learn for the rest of your life.

Because what you learn in college or just learned in college will soon be antiquated.

And if you're not a lifetime learner, you've got a really rough road ahead of you.

And then number two is the world will always value people who can solve problems.

If you could put your hand up and say, I will take that challenge on, you will always have a job in the Western economy.

You mean the good luck?

So, you know, it's funny.

I look back at the crash of 87 and I was long a portfolio of convertible bonds.