 Let's say we put you in charge at Harvard. Yeah, what changes would you make? You would point the board you are the board you and your mother oh man. This is such a great question Can I can I start at the beginning start at the beginning? Okay? I would start by going I Would establish a set of baseline criteria for admissions and then I would have a lottery after that So if you are someone who has you're in the top 2% of your high school class or whatever we can 5% whatever cutoff we want Following test test scores at a certain point. Whatever cutoff we want some minimum number of other things you do You just go into the pot and we're pulling out names I would I I Probably triple or quadruple the size in the next ten years okay open campuses Probably two other campuses in the United States one overseas I Would You know I had this idea that I'm not sure how you do it, but where I think that it would be really really useful to To ban Graduates of elite colleges from ever disclosing that they went to an elite college This You it's not a joke It's deadly serious because what it does is it wonderfully clarifies the decision for the student of whether they want to go to an Elite college so you want to you don't want the kid going to Harvard who just wants the brand name Harvard You want the kid to go to Harvard who genuinely believes that he or she can get an education there that they can't get anywhere else Right. I want that kid So if I say you can come here and get a world class into the greatest education in the world But after you graduate you can never tell anyone where you went then I'm I'm weeding out all the Louis Vuitton Shoppers right and I'm getting the true scholars So I if there's a kid out there who says there is the certain professor one of my oldest friends is a professor at Harvard Terry Martin Huge fan of yours by the way Tyler. Oh, great Terry if there's a kid who says I want to take a I read Terry's book He's wrote a couple books. I want to do Soviet studies. I want to study with Terry. That's the kid. I want Right. I will and I don't actually I'm willing to go to any lengths to get that kid. I'll give him a I'll cut him a break. I'll keep him out of the lottery, you know I'll do all kinds of things but you want that kind of you want if you're running a truly elite college What you want to select for is someone who was the kid the kids who are most powerfully motivated to leverage the The institutional assets of the institution I'm sorry, the academic intellectual assets of the institution not the brand assets of the institution and now a truly important question How would you treat the faculty? Well, you know, there's a really interesting Site and I've forgotten to my eternal discredit who did it but that looks at trends in educational spending and points out that educational spending has gone like higher ed something's gone like that the share of Doll higher ed dollars that goes to faculty salaries When you do all the kind of it's basically been flat for 50 years So you'd pay us more. Oh, yeah, absolutely. I mean, I don't say that because I'm at a university talking to a professor and I'm the son of a professor I say that because Because it seems crazy to have to put academics in the kind of professional firmament it seems crazy to have them losing ground to other professions when you would think that the importance in a modern society of having World-class faculty would be greater and to the extent I mean, I'm not saying that if you pay academics properly More you're gonna get better academics necessarily, but I do think it's not a bad idea if you want to reward People going into that profession