Peter Thiel: Zero to One
Socrates in the City
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Is There Value in Harvard and Yale?
Harvard and Yale are institutions that have value because people say they have value. Once people stop giving money, those places won't any longer be able to have the value that they're seen to have. The analogy I would have for Yale or Harvard is it's like a Studio 54 nightclub. And you have- which is probably bad for the morals of the people but maybe it's good for their status. They're not going to go away that quickly.
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