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Value of Tenure at Harvard
The speaker talks about his experience as an assistant professor at Harvard and the challenges of low pay despite the institution's substantial financial resources. He explains the hierarchy of professors - assistant, associate, and full - and the benefits that come with each level, including job security and perks. Despite Harvard's enormous hedge fund, the speaker highlights the lack of competitive salaries for assistant professors. He humorously mentions Harvard being more of a hedge fund than a university, emphasizing the importance of tenure in academia.