
… but it doesn’t mean that it’s very high [either.] That’s probably worth thinking about a lot more. The things that are not easy to measure are the ones that are priced inefficiently, and at least have the potential to be really good [investments.] If you can quantify everything, other people can do that too.
…hey often base them on how much money they will make in year one. This is not a terrible criterion, but you should be looking at how much you’ll make in the lifetime of the career. And also: is it fulfilling? Is it meaningful? We can only measure the first years; we don’t think …