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Gentle Warmups

This is one of my favorite diagrams from the previous decade:

class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!EOrS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdedd9c96-c775-4b32-8902-29aa...

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Introduction

My friend Navin asked a question at the end of his recent blog post:

The biggest unanswered question is:

The way we get seniors in an industry is by having juniors do the grunt work for years and slowly learn from the seniors until they become seniors themselves. Bu...

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Introduction

As we discussed the other day, my thesis is that colleges can be thought of as a way to reduce transaction costs associated with education:

It is expensive for the college to go and transact with would be profs for abstruse courses. Good profs are difficult to find fo...

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First off, watch the whole episode. It is, as they say, a banger:

...

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