The fact that edu Twitter can’t tell whether the UC system ending SATs is a good or bad thing says a hell of a lot more about the absurdity of higher ed in general than it does about the SATs specifically.
SATs super benefit kids who can spend a ton of money and time prepping and learning how to take the SATs.
Flipside, even WITH that it’s basically the most “objective” measure most colleges have.
So what’s the answer? There’s none. It’s rigged either way.
So maybe the better question is how to design paths to success between childhood and adulthood that don’t require playing entrance games.
🧐How bond markets will react to the wave of stimulus
🤝The challenge of global coordination for a new Bretton Woods
💪Why governments might turn to #bitcoin
☠️The three factors that lead to currency failure
As #BTC falls alongside everything else, the safe haven narrative is taking a *beating* but in today's Breakdown, I argue that 'safe haven' & 'uncorrelated' have been lumped when they're quite distinct.
@chamath BTW if you aren't familiar with the genesis of the Schmuck Insurance line - this 2013 essay by Chamath will become a must read historical document in the history of Bitcoin. bloomberg.com/opinion/articl…
@BradMichelson Effectively, there is a squeeze on the middle part of the market.
To compete at the highest levels, you actually need to produce something substantially differentiated - which takes serious resources.
On the other end of the spectrum, individuals can serve niches well.
@BradMichelson@benthompson talks about something similar in a very different context in today's @stratechery - which is that catering to niches (in the podcast case - information/interest niches) - is going to be better suited to individuals or smaller operations.