WEBVTT - The Ivy League

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<v Speaker 1>Welcome to Stuff You Should Know, a production of I

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<v Speaker 1>Heart Radio. Hey, and welcome to the podcast. I'm Josh Clark.

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<v Speaker 1>There's Charles w Chuck Bryant, and there is Jerry Jerome Rowland,

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<v Speaker 1>and it's Stuff you should Know. Back Together Again on

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<v Speaker 1>the Cow about how panicalta, although this will be released

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<v Speaker 1>after the other episode where we're back together again. Yeah,

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<v Speaker 1>that's so like us, That is typical. We'll screw up

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<v Speaker 1>our own reunion, that's right. Yeah, we'll have to use

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<v Speaker 1>the way back machine to get things right. Okay, I

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<v Speaker 1>think we gotta tell everyone what's going on here, though

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<v Speaker 1>hopefully you're listening on earbuds or headphones. If not, we

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<v Speaker 1>encourage you too, because this is special episode where we

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<v Speaker 1>were recording in three D audio, and I think we

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<v Speaker 1>should explain what's going on in this room. I don't know,

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<v Speaker 1>I feel like we're transgressing if we talk about it,

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<v Speaker 1>and really, yeah, because it might do something to us.

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<v Speaker 1>Uh No, I think we should describe this microphone. Okay,

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<v Speaker 1>I'm a little scared of it, but go ahead. Well,

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<v Speaker 1>I'm on one side, so Josh and I you know,

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<v Speaker 1>we finally get back together to record and it's nothing

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<v Speaker 1>like a normal experience, not even the same studio, different studio.

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<v Speaker 1>We're sitting side by side, which is weird, although I'm

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<v Speaker 1>just pretending it's a live show. Uh. And in front

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<v Speaker 1>of us is this microphone with human ears? Yeah, but

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<v Speaker 1>they're like plastic snow white ears. Yeah, like the creepiest

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<v Speaker 1>white you could imagine. Yeah, it's and then they have

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<v Speaker 1>like bolts going around and stuff too. It looks like

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<v Speaker 1>it looks like I'm afraid of it. That's what it

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<v Speaker 1>looks like to me. I don't like it one bit. Yeah.

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<v Speaker 1>And the idea is that we talk into these ears

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<v Speaker 1>and it produces a different sonic experience for the listener

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<v Speaker 1>at our expense, right, because it's three D audio week, right,

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<v Speaker 1>it is. So I think a lot of our shows

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<v Speaker 1>are doing this, right, I'm pretty sure almost all of them.

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<v Speaker 1>So if you're like, man, this is the most amazing

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<v Speaker 1>thing I've ever heard, just start go and start listening

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<v Speaker 1>to my heart shows this week, because they're going to

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<v Speaker 1>have a lot of cool stuff going. Yes, and I

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<v Speaker 1>imagine many other shows other than ours will have make

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<v Speaker 1>better use of the technology and not just talking to

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<v Speaker 1>the ears. Talk to the ear. Hey, you know a

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<v Speaker 1>little known fact, by the way, these ears are modeled

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<v Speaker 1>after Stellmark's ears. Oh, it's part of his form. Looks

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<v Speaker 1>like that's okay. So we're talking actually not about three

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<v Speaker 1>D audio today, but instead we're talking about the IVY Leagues,

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<v Speaker 1>which obviously is the topic you pick when you're doing

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<v Speaker 1>a three D audio stunt. Right, Yeah, And I've got

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<v Speaker 1>a couple of quick quotes, if you'll allow. I have

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<v Speaker 1>two friends we share one who went to IVY League schools. Well,

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<v Speaker 1>my friend Rob Elsie, who you do do not know.

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<v Speaker 1>He was my roommate at Georgia for a year and

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<v Speaker 1>I still know. Rob's still friends with him. He went

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<v Speaker 1>to Harvard Law after going to Georgia, and he said

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<v Speaker 1>this that I want to read it exactly. I don't

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<v Speaker 1>want to paraphrase. He said, I always had the perception,

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<v Speaker 1>if you were there in a grad school context, you

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<v Speaker 1>weren't really considered part of the club. And then he

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<v Speaker 1>expanded on that and he said, uh, you know a

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<v Speaker 1>huge number of your classmates came from Ivy's as undergrad.

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<v Speaker 1>So as a grad student coming in from Georgia, he said,

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<v Speaker 1>it was almost like transferring to a new school in

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<v Speaker 1>the middle of a school you're kind of vibe like, oh,

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<v Speaker 1>you went to Georgia and now you're up here with us.

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<v Speaker 1>But he did say it was really coolly diverse in

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<v Speaker 1>law school. And he said, not just like ethnically diverse,

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<v Speaker 1>but he said my class had a former New York

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<v Speaker 1>City beat cop, a cardiologist from China, a former grade

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<v Speaker 1>school teacher. He said, just a lot of really unique experiences. Uh.

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<v Speaker 1>And then I asked our other friend, John Hodgman, Oh, yeah,

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<v Speaker 1>that's right with the Yale of course, if he wanted

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<v Speaker 1>to provide a quote, and he said this a Yale

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<v Speaker 1>man never comments on a podcast. That's pretty funny. Um.

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<v Speaker 1>I know. Hodgeman talked about being invited to I think

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<v Speaker 1>the Skull and Bones club later in life. In one

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<v Speaker 1>of his books, was the Skull and Bones or was

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<v Speaker 1>it one of the other ones. I'm pretty sure it

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<v Speaker 1>was good. I don't know, I don't know. It was

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<v Speaker 1>a great story. It's one of their secret societies. Yeah,

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<v Speaker 1>and I'm not surprised to hear that the Harvard Law

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<v Speaker 1>School is pretty diverse because l Woods was there and

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<v Speaker 1>she diversifies everything. I don't know who that is that's

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<v Speaker 1>illegally blonde reference. Okay, oh man, the ear got it

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<v Speaker 1>starting to complete a little bit, you know, it twitched

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<v Speaker 1>into light. Also, before we really dive in, Chuck, I

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<v Speaker 1>have to say, am I dreaming right now? Because we're

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<v Speaker 1>sitting next to each other and it just is is

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<v Speaker 1>beyond weird. I just have to go on about another minute, Like,

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<v Speaker 1>we haven't recorded together in over a year, we haven't

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<v Speaker 1>been in the same room together, and over here, I

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<v Speaker 1>don't know I have been in a room with a

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<v Speaker 1>person who's not my wife without a mask on, same here,

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<v Speaker 1>without number one hyperventilating or doing it at all. And

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<v Speaker 1>then the fact that we're going to be sitting here

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<v Speaker 1>together for like hours. It's just mind boggling to me. Hey,

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<v Speaker 1>get back to everybody a science, are you? Yes? It is,

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<v Speaker 1>Josh and I will not die because of this. No, No,

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<v Speaker 1>because we were backed. We're gonna grow that baby head

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<v Speaker 1>out of our back that like the bosses around it happens.

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<v Speaker 1>But other than that, we're gonna be good alright. Ivy Leagues. Yeah,

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<v Speaker 1>So one of the things that I had, the Grabster

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<v Speaker 1>helped us out with this one. Um, and I had

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<v Speaker 1>no idea what the IVY League truly is like when

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<v Speaker 1>everybody thinks of the IVY League, you think of, if

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<v Speaker 1>you know what you're talking about eight schools, sometimes referred

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<v Speaker 1>to as the Ancient Eight. There among the oldest schools

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<v Speaker 1>in America. You got Brown Go Bears, Colombia Go Lins,

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<v Speaker 1>Cornell Go Big Red, Dartmouth Go Big Green, Harvard Go Crimson, yea,

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<v Speaker 1>the Crimson tide Um, Pennsylvania Go Quakers. Yeahs um Princeton

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<v Speaker 1>Go Tigers. And then yeah, Hodgments all the model Hodgmans.

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<v Speaker 1>And of those eight, seven of them were founded before

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<v Speaker 1>the United States was even around. Yeah, I mean that's

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<v Speaker 1>kind of one of the cool things about the IVY League,

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<v Speaker 1>which spoiler, it's really just an athletic conference. That's what

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<v Speaker 1>I didn't know. Did you know that? You know, I

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<v Speaker 1>think I knew that, But when I first started looking

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<v Speaker 1>into this as a topic, you think of IVY League

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<v Speaker 1>as a concept, rightfully, I think, because it is that,

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<v Speaker 1>but at its root it is it's a sports athletic conference. No,

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<v Speaker 1>it's kind of weird because one of the other things

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<v Speaker 1>you don't think of when you think of the IVY

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<v Speaker 1>League is sports. Yeah, not really, it's I mean, if

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<v Speaker 1>you're in defensing, rowing, lacrosse, um wrestling, share backgammon, UM

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<v Speaker 1>track and field, you might think of the I V

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<v Speaker 1>S and in fact, like UM women's rowing has been

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<v Speaker 1>dominated apparently by UM the IVY League's cry Brown and um, oh,

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<v Speaker 1>I think it's Cornell women. If I'm not mistaken, I'll

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<v Speaker 1>look I haven't written down somewhere else, So if that's

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<v Speaker 1>not right, I'll correct myself or totally forget to correct

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<v Speaker 1>myself as usual. Um. But yeah, for the most part,

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<v Speaker 1>you don't think sports, even though they do play. It's

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<v Speaker 1>a Division one A A conference also known as Division

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<v Speaker 1>one FCS, so they're not Division one A like they

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<v Speaker 1>wouldn't normally play like Georgia or or Alabama or something

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<v Speaker 1>like that. All right, they play teams like UM, Howard University,

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<v Speaker 1>Holy Cross, UM San Diego, like the kind of universities

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<v Speaker 1>you're like, oh, I didn't know they had a College

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<v Speaker 1>for All team, Like that's the Division Division one FCS. Yeah,

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<v Speaker 1>and occasionally the IVY League will get a basketball team

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<v Speaker 1>that's pretty good. Yeah, I'm talking about it feels like

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<v Speaker 1>once every fifteen years or so. Yale has had some

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<v Speaker 1>pretty long good streaks, right, I don't remember Harvard and

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<v Speaker 1>Princeton have had a couple of teams that like went

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<v Speaker 1>to the March Madness Tournament and you know, it's h

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<v Speaker 1>they're they're kind of fun to watch. It's a bunch

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<v Speaker 1>of it's a three point shooting fests from from a

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<v Speaker 1>bunch of white kids, is it. Yeah, yeah, those are

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<v Speaker 1>fun though. I like three point shooting fests. So I

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<v Speaker 1>really love the Golden State Warriors for a while there

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<v Speaker 1>not these days though, No, no, yeah, I mean they've

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<v Speaker 1>kind of hit on hard time, Chuck. I don't know

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<v Speaker 1>if you know. Oh I knew they did last year,

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<v Speaker 1>but I thought they were coming back. So the thing

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<v Speaker 1>is that was like what we're talking about sports? People

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<v Speaker 1>are like, why are you talking about sports? This is

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<v Speaker 1>how the IVY League episode, How the IVY League Works episode.

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<v Speaker 1>So um, we're gonna basically stop talking about sports in

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<v Speaker 1>a little bit. But you have to talk about sports

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<v Speaker 1>because it's like you said, it's a sports league, but

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<v Speaker 1>it's it's just just completely disingenuous to say, like, Okay,

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<v Speaker 1>that's at the IVY League is a sports league. It's

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<v Speaker 1>so much more than that has really so little to

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<v Speaker 1>do with it being a sports league. It just so

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<v Speaker 1>happens that these elite institutions that were elite long before

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<v Speaker 1>the sport of football came around, happened to join into

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<v Speaker 1>a conference together informed a yeah sports conference. Yeah, but

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<v Speaker 1>it it really is a concept, and it's you know,

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<v Speaker 1>it's a grouping of schools, like you said, are among

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<v Speaker 1>the oldest, the most prestigious. Uh, we'll talk about their

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<v Speaker 1>elite status and whether or not that's true. It is

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<v Speaker 1>whether or not they are elitists. They can be, but

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<v Speaker 1>they're trying to fix that, Josh not you know, those

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<v Speaker 1>ears can't see you. I don't know that's the point.

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<v Speaker 1>But yeah, I mean it's where I mean, we'll get

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<v Speaker 1>to all this, but it's where the presidents of the

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<v Speaker 1>unit I did States and Supreme Court justices and CEOs

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<v Speaker 1>of huge law firms and companies go to school. You know. Yeah.

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<v Speaker 1>The idea is that if you make it into an

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<v Speaker 1>ivy League school, you can basically write your own ticket

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<v Speaker 1>from the United States, right. Yeah, And it's been that

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<v Speaker 1>way for a really long time and for a really

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<v Speaker 1>long time that that is just how it was. But

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<v Speaker 1>then when they started to kind of expand and try

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<v Speaker 1>to be bastions of higher education that serve also seoeconomic

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<v Speaker 1>status is give the best and the brightest, regardless of

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<v Speaker 1>your income a fast track to that. It became clear

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<v Speaker 1>that that's not necessarily how it works. That in a

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<v Speaker 1>lot of ways, Ivy League schools really are just this

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<v Speaker 1>conveyor belt for dynasties, you know that that just serve

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<v Speaker 1>the highest echelons of society. But it is it's unfair

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<v Speaker 1>to say that they aren't doing anything about that or

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<v Speaker 1>don't do anything about it. They do try to counteract that. So, uh,

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<v Speaker 1>if I were to write my own ticket, you know

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<v Speaker 1>it would be Jay Walking. Really, I was gonna say Aerosmith.

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<v Speaker 1>I didn't think about that kind of ticure. Man. Yeah, man,

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<v Speaker 1>you gotta expand your mind. Now I gotta pay some

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<v Speaker 1>stupid Jaywalkee. Fine, and you're rocking out to Arios. Now

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<v Speaker 1>you met the wrong direction with that, al right, So

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<v Speaker 1>I guess we can talk about the origin of the

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<v Speaker 1>name IVY League. Um, there is one. Well, there are

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<v Speaker 1>a couple of stories that that are not true that

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<v Speaker 1>you still hear people say are true in certain circles.

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<v Speaker 1>None Ivy circles. Uh. It's that when they first got

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<v Speaker 1>together to talk about forming a sports league, there were

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<v Speaker 1>four schools, so they used the Roman numeral four, which

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<v Speaker 1>is an I V and they called themselves ivy league.

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<v Speaker 1>That is not true, or that I saw a kind

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<v Speaker 1>of elitist lee. Um. It was the outsiders saw the

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<v Speaker 1>Roman numeral four and called the ivy incorrectly, which is

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<v Speaker 1>even more like even worse. But yes, that's just not true.

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<v Speaker 1>There's another story that's a little closer to the truth

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<v Speaker 1>that this one sport writer in the thirties um complained

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<v Speaker 1>that he was gonna have to watch the ivy grow

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<v Speaker 1>at some of these IVY covered institutions when he was

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<v Speaker 1>assigned to cover I think a Columbia football game, right, Yeah,

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<v Speaker 1>Columbia Penn game in nineteen thirty seven, and Casswell Adams

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<v Speaker 1>was not too happy about that assignment. No, and so

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<v Speaker 1>his his editor, guy named Stanley Woodward of the New

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<v Speaker 1>York Herold Tribune, took that ivy thing and ran within

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<v Speaker 1>created the ivy League. That story is probably not true either,

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<v Speaker 1>but it does seem like Stanley Woodward is a good

0:12:33.559 --> 0:12:36.079
<v Speaker 1>bet for the person who came up with the term

0:12:36.240 --> 0:12:39.520
<v Speaker 1>ivy league, right, and then in nineteen thirty five was

0:12:39.600 --> 0:12:44.280
<v Speaker 1>officially used in print from AP editor Alan Gould. But

0:12:44.400 --> 0:12:47.880
<v Speaker 1>it seems like the It seems like it might just

0:12:48.000 --> 0:12:50.160
<v Speaker 1>be as simple as the fact that these are schools

0:12:50.559 --> 0:12:54.240
<v Speaker 1>that literally have a bunch of buildings with ivy colored walls,

0:12:54.480 --> 0:12:56.960
<v Speaker 1>not colored, but ivy growing on the walls, right, which

0:12:57.040 --> 0:13:00.920
<v Speaker 1>is this kind of um It has like a distinguished

0:13:01.000 --> 0:13:05.360
<v Speaker 1>air to it. It's it lends like this umw super

0:13:05.520 --> 0:13:09.680
<v Speaker 1>upper crust vibe ivy. Letting ivy grow up the walls

0:13:09.720 --> 0:13:12.719
<v Speaker 1>of your institution. It's definitely like it's a certain thing

0:13:12.840 --> 0:13:14.800
<v Speaker 1>and it creates a certain vibe. And that vibe just

0:13:14.880 --> 0:13:18.120
<v Speaker 1>happens to be exactly what the Ivy League schools are

0:13:18.120 --> 0:13:20.800
<v Speaker 1>all about. And I mean they even have like ivy

0:13:20.920 --> 0:13:26.920
<v Speaker 1>planting ceremonies for incoming classes. Um. And I believe all

0:13:27.120 --> 0:13:31.719
<v Speaker 1>except Yale let ivy grow still. But Yale, I think,

0:13:31.760 --> 0:13:34.160
<v Speaker 1>starting back in the eighties started cutting their's back because

0:13:34.160 --> 0:13:37.120
<v Speaker 1>it's actually not good for your building. Ivy roots get

0:13:37.160 --> 0:13:40.520
<v Speaker 1>into masonry joints, they hold moisture. It's not a it's

0:13:40.520 --> 0:13:43.120
<v Speaker 1>a bad jam basically, and it can really cut into

0:13:43.200 --> 0:13:46.720
<v Speaker 1>your annual take from your endowment to fix those buildings.

0:13:46.800 --> 0:13:49.160
<v Speaker 1>So Yale said no more. They have a little bit

0:13:49.160 --> 0:13:50.959
<v Speaker 1>of ivy crawling up a couple of halls, but for

0:13:51.040 --> 0:13:53.719
<v Speaker 1>the most part it's gone from the campus. I've got

0:13:53.840 --> 0:13:59.160
<v Speaker 1>IVY on my part of one of my privacy fences

0:14:00.240 --> 0:14:02.480
<v Speaker 1>between my neighbor and I built that privous defence when

0:14:02.520 --> 0:14:05.360
<v Speaker 1>we moved in myself with my own hands, and IVY

0:14:05.400 --> 0:14:07.840
<v Speaker 1>started growing and now as a complete wall of IVY

0:14:08.520 --> 0:14:12.439
<v Speaker 1>and it looks awesome. Yeah, I think it's a mosquito farm,

0:14:12.559 --> 0:14:14.880
<v Speaker 1>is what I've heard, but I don't want to. I mean,

0:14:14.920 --> 0:14:17.360
<v Speaker 1>I trim it back, but I'm gonna leave it there

0:14:17.400 --> 0:14:19.720
<v Speaker 1>because it looks really cool. It's also chipmunks love to

0:14:19.800 --> 0:14:21.560
<v Speaker 1>live in there too, So how can you how can

0:14:21.600 --> 0:14:24.000
<v Speaker 1>you do away with the chipmunk house? Can't get rid

0:14:24.040 --> 0:14:26.800
<v Speaker 1>of their habitat? Where would they go? I know? Um,

0:14:27.120 --> 0:14:30.760
<v Speaker 1>you want to take a little break. Yeah, I'm gonna

0:14:30.800 --> 0:14:34.240
<v Speaker 1>go get a Q tip for this microphone. Okay, I'll

0:14:34.240 --> 0:14:35.880
<v Speaker 1>be right back. I'm gonna go breathe into a paper

0:14:35.920 --> 0:14:40.200
<v Speaker 1>bank for a little bit. That's so much stuff from

0:14:40.400 --> 0:15:01.080
<v Speaker 1>Josh and shock stuff you sh all right, chuck. So

0:15:01.160 --> 0:15:04.080
<v Speaker 1>we're back. Um. And So the IVY League, as we

0:15:04.160 --> 0:15:08.640
<v Speaker 1>were saying, basically came out of the formation of the

0:15:08.720 --> 0:15:12.200
<v Speaker 1>sports league itself. It was probably a sports editor named

0:15:12.200 --> 0:15:16.720
<v Speaker 1>Stanley Woodward came up with the name UM. And what

0:15:16.880 --> 0:15:20.600
<v Speaker 1>I think really just kind of underscores the IVY League's

0:15:20.600 --> 0:15:24.520
<v Speaker 1>approached to sports is that the reason the IVY League formed,

0:15:24.560 --> 0:15:26.720
<v Speaker 1>and it try there are some stops and starts in

0:15:26.800 --> 0:15:29.240
<v Speaker 1>the beginning of the twentieth century, especially in like the

0:15:29.400 --> 0:15:33.760
<v Speaker 1>thirties UM, where you know, not all eight were involved

0:15:33.920 --> 0:15:36.400
<v Speaker 1>or at all eight were allowed in and some people

0:15:36.440 --> 0:15:38.240
<v Speaker 1>were mad and all that, and it just didn't quite

0:15:38.280 --> 0:15:41.720
<v Speaker 1>come together until the mid forties when they came together

0:15:41.880 --> 0:15:45.920
<v Speaker 1>and formed the Ivy Group Agreement in all eight schools

0:15:45.960 --> 0:15:49.360
<v Speaker 1>didn't and they basically did it to say, uh, we're

0:15:49.440 --> 0:15:53.160
<v Speaker 1>really worried about this kind of growing influence of sports,

0:15:53.240 --> 0:15:56.040
<v Speaker 1>and in particular football, we want to make sure that

0:15:56.120 --> 0:15:58.320
<v Speaker 1>doesn't happen in our school. So they formed a sports

0:15:58.400 --> 0:16:02.640
<v Speaker 1>league to better control roll football as far as it's

0:16:02.680 --> 0:16:06.000
<v Speaker 1>balanced with academic life. That's what the IVY League Sports

0:16:06.080 --> 0:16:08.080
<v Speaker 1>League was based on. Yeah, and I think there were

0:16:08.160 --> 0:16:10.960
<v Speaker 1>some worries too about the danger of football early on,

0:16:11.120 --> 0:16:13.840
<v Speaker 1>because you know, back then, actually I'm trying to think

0:16:13.880 --> 0:16:16.680
<v Speaker 1>of what the helmets were like. They were not much.

0:16:17.040 --> 0:16:21.760
<v Speaker 1>They were basically like um, like a sheep skin wrapped

0:16:21.800 --> 0:16:24.080
<v Speaker 1>around her head and then you hope for the best. No,

0:16:24.240 --> 0:16:28.040
<v Speaker 1>I think that was post just leather heads years. I

0:16:28.120 --> 0:16:30.560
<v Speaker 1>don't know. I think that was still into the fouries.

0:16:30.600 --> 0:16:33.840
<v Speaker 1>I think it was maybe the late fifties early sixties

0:16:33.880 --> 0:16:36.520
<v Speaker 1>when they started like the helmet with the single ball

0:16:36.760 --> 0:16:40.680
<v Speaker 1>but faces right, No, nothing like that. I remember at

0:16:40.720 --> 0:16:43.080
<v Speaker 1>the college or the Pro Football Hall of Fame they

0:16:43.160 --> 0:16:45.320
<v Speaker 1>have like the helmets through the years right when you

0:16:45.400 --> 0:16:48.000
<v Speaker 1>kind of first come in, and it is pretty jarring

0:16:48.040 --> 0:16:49.840
<v Speaker 1>to look at those early ones and drink that those

0:16:49.880 --> 0:16:53.720
<v Speaker 1>guys were just so concussed. The widow maker, that's what

0:16:53.800 --> 0:16:58.360
<v Speaker 1>they called that leather helmet with the ears. Yeah we're

0:16:58.440 --> 0:17:02.440
<v Speaker 1>okay and protected. But yeah, I think they just took

0:17:02.480 --> 0:17:04.800
<v Speaker 1>like the little wrestling ears and threw some leather on

0:17:04.880 --> 0:17:07.840
<v Speaker 1>top of that. Uh so, Yeah, they signed the Ivy

0:17:07.880 --> 0:17:10.840
<v Speaker 1>Group Agreement. They said football is dangerous and we don't

0:17:10.840 --> 0:17:12.280
<v Speaker 1>want it to get in the way of school. And

0:17:12.400 --> 0:17:16.920
<v Speaker 1>then in fifty four they expanded that to include all

0:17:17.040 --> 0:17:21.639
<v Speaker 1>the competitions athletic athletically speaking. And then I think in

0:17:21.800 --> 0:17:26.280
<v Speaker 1>nineteen fifty six they actually started playing these sports and

0:17:26.440 --> 0:17:29.000
<v Speaker 1>they finally got around into it. Then yeah, and it

0:17:29.160 --> 0:17:33.600
<v Speaker 1>was I think there was the Eastern Intercollegiate Basketball League

0:17:33.640 --> 0:17:36.560
<v Speaker 1>was where they first played basketball in nineteen o one,

0:17:36.840 --> 0:17:39.000
<v Speaker 1>and then they rolled that into the IVY League when

0:17:39.040 --> 0:17:41.960
<v Speaker 1>they finally came around in fifty six. So they like

0:17:42.080 --> 0:17:45.200
<v Speaker 1>to claim, uh that they are the oldest n C

0:17:45.480 --> 0:17:50.240
<v Speaker 1>Double A Division one basketball conference because of that first

0:17:50.480 --> 0:17:54.320
<v Speaker 1>UH was that the E I b L Um not

0:17:54.480 --> 0:17:58.600
<v Speaker 1>the prettiest acronym I've ever seen. Um, But the that

0:17:58.760 --> 0:18:01.720
<v Speaker 1>IVY group agree. And then later on the formation of

0:18:01.800 --> 0:18:05.000
<v Speaker 1>the IVY League, UM, like I was saying, they wanted

0:18:05.040 --> 0:18:08.360
<v Speaker 1>to balance academics with sports. There were basically like, these

0:18:08.400 --> 0:18:10.840
<v Speaker 1>students are here to learn, but if they have time

0:18:10.920 --> 0:18:13.240
<v Speaker 1>or they're interested in sports, shirt, we'll let them play sports.

0:18:13.600 --> 0:18:16.399
<v Speaker 1>So they kind of um sketched out some rules that

0:18:16.640 --> 0:18:22.520
<v Speaker 1>other universities and colleges would find to be utter madness. UM,

0:18:22.920 --> 0:18:27.720
<v Speaker 1>no athletic scholarships whatsoever, Like if you you can't go

0:18:27.960 --> 0:18:31.280
<v Speaker 1>to an IVY League school and an athletic scholarship, like

0:18:31.440 --> 0:18:34.440
<v Speaker 1>financially it's supposed to be reserved for the the the

0:18:34.600 --> 0:18:39.359
<v Speaker 1>brightest students of less means or lower means than the

0:18:39.520 --> 0:18:43.879
<v Speaker 1>other kids. Right you also, UM, if you end up

0:18:43.920 --> 0:18:47.159
<v Speaker 1>in a championship or a playoff or something. What do

0:18:47.240 --> 0:18:49.600
<v Speaker 1>you have to do if you're the team, Well, you

0:18:49.680 --> 0:18:53.960
<v Speaker 1>don't go. Uh, although I guess basketball is an exception

0:18:54.040 --> 0:18:56.800
<v Speaker 1>because they have played in the March Madness tournament. But

0:18:57.040 --> 0:18:59.720
<v Speaker 1>I know that if they if I mean must be

0:18:59.800 --> 0:19:02.080
<v Speaker 1>on the football teams, probably not gonna make I know,

0:19:02.200 --> 0:19:04.320
<v Speaker 1>it's not really a problem if you think about it.

0:19:04.520 --> 0:19:06.840
<v Speaker 1>But if they did, supposedly they would have to skip

0:19:06.960 --> 0:19:10.600
<v Speaker 1>the ball game. Uh. They don't allow grad students to play,

0:19:11.280 --> 0:19:14.240
<v Speaker 1>although that's not the most common thing even at other schools.

0:19:14.359 --> 0:19:16.880
<v Speaker 1>They also switched that this year because of the coronavirus.

0:19:16.960 --> 0:19:18.399
<v Speaker 1>If you were a senior and you didn't get to

0:19:18.440 --> 0:19:20.879
<v Speaker 1>play in but you're gonna be a grad student at

0:19:20.920 --> 0:19:23.359
<v Speaker 1>the same IVY League school, they're letting you play one

0:19:23.400 --> 0:19:25.480
<v Speaker 1>more year, which is like a huge till a first

0:19:25.560 --> 0:19:29.760
<v Speaker 1>year at Harvard law student could play football Yeah and dominate. Yeah,

0:19:32.240 --> 0:19:36.000
<v Speaker 1>I dominate on the line and in case law. Uh.

0:19:36.080 --> 0:19:37.600
<v Speaker 1>And then what's the other one. Oh, they don't allow

0:19:37.800 --> 0:19:41.920
<v Speaker 1>red shirts, right, the practice of red shirting a student. Yeah,

0:19:41.960 --> 0:19:43.680
<v Speaker 1>because I mean, you're a pretty serious you have a

0:19:43.720 --> 0:19:46.119
<v Speaker 1>serious sports program. If you're taking people and being like

0:19:46.200 --> 0:19:47.840
<v Speaker 1>I think you're gonna be better as a junior and

0:19:47.880 --> 0:19:50.000
<v Speaker 1>senior or as a freshman. We want to add an

0:19:50.040 --> 0:19:52.840
<v Speaker 1>extra year onto your school. So where this red shirt

0:19:52.880 --> 0:19:55.359
<v Speaker 1>around for the next twelve Monthent do not take it off.

0:19:55.440 --> 0:19:58.200
<v Speaker 1>Real should be disqualified. You're not allowed. So and I

0:19:58.280 --> 0:20:00.600
<v Speaker 1>mean these rules have been in place in SSPECTED for

0:20:01.040 --> 0:20:04.159
<v Speaker 1>decades now, since the since the nineteen forties when they

0:20:04.240 --> 0:20:07.640
<v Speaker 1>first came together. So um, that's not to say though

0:20:07.680 --> 0:20:10.240
<v Speaker 1>that even even though they're not very good at football

0:20:10.359 --> 0:20:13.760
<v Speaker 1>and not necessarily very good at basketball, that there aren't

0:20:13.800 --> 0:20:18.119
<v Speaker 1>like any teams or any individuals that excel at sports

0:20:18.160 --> 0:20:22.919
<v Speaker 1>and win national championships. Like I said, um, Brown and Yale,

0:20:23.119 --> 0:20:27.200
<v Speaker 1>it was the Yale women who um dominate rowing. I

0:20:27.280 --> 0:20:30.760
<v Speaker 1>don't know Brown, Brown and Yaka yeah yeah, um, but

0:20:30.840 --> 0:20:34.360
<v Speaker 1>I think it said earlier Cornell. Right now, I think

0:20:34.359 --> 0:20:36.960
<v Speaker 1>I said earlier Cornell. But it's it's Brown and Yale,

0:20:37.040 --> 0:20:39.560
<v Speaker 1>who are um women who are both good at rowing.

0:20:39.960 --> 0:20:43.000
<v Speaker 1>Yeah you could, if you're a wrestler, you could do

0:20:43.119 --> 0:20:45.080
<v Speaker 1>pretty well at one of the schools. Yeah, you could

0:20:45.520 --> 0:20:50.239
<v Speaker 1>end up on the Gray Fox team or if you're

0:20:50.280 --> 0:20:52.919
<v Speaker 1>on the ski team, if you know, if your university

0:20:52.960 --> 0:20:55.000
<v Speaker 1>has a ski team. Then that says a lot already.

0:20:55.320 --> 0:20:57.639
<v Speaker 1>It really does. First of all, it says you're from

0:20:57.680 --> 0:21:01.160
<v Speaker 1>the Northeast. But also it's is that you probably came

0:21:01.200 --> 0:21:03.600
<v Speaker 1>from a wealthy high school that had a ski team. Yea,

0:21:03.960 --> 0:21:07.720
<v Speaker 1>which is a thing that we'll talk about later on. Well,

0:21:08.040 --> 0:21:11.640
<v Speaker 1>sure that these sports are for people with money generally? Yeah,

0:21:11.880 --> 0:21:16.560
<v Speaker 1>basically that, um, because there's not a really good basketball

0:21:16.600 --> 0:21:19.280
<v Speaker 1>team or football team there. I think their baseball teams

0:21:19.320 --> 0:21:22.679
<v Speaker 1>are so so too. Hockey team to a little bit. That. Um,

0:21:22.960 --> 0:21:25.800
<v Speaker 1>you basically have to come from a wealthy school district

0:21:26.000 --> 0:21:31.320
<v Speaker 1>in high school to excel at sports in these universities. Yeah,

0:21:31.359 --> 0:21:32.760
<v Speaker 1>I mean, I guess that kind of sets us up

0:21:32.800 --> 0:21:34.600
<v Speaker 1>for the big question is whether or not these are

0:21:34.720 --> 0:21:39.000
<v Speaker 1>elitist schools. I think they're sort of in a I

0:21:39.040 --> 0:21:40.440
<v Speaker 1>don't know about a pickle. I think they're in a

0:21:40.520 --> 0:21:45.160
<v Speaker 1>constant pickle trying to be elite without appearing elitist. That's

0:21:45.160 --> 0:21:51.800
<v Speaker 1>a that's a tough act, believe me. Yeah, Oh that's funny. Um,

0:21:52.280 --> 0:21:54.720
<v Speaker 1>And they are elite schools, Like if you go to

0:21:55.160 --> 0:21:57.800
<v Speaker 1>an Ivy League school, they say you have a five

0:21:57.880 --> 0:22:01.960
<v Speaker 1>to sixfold advantage relative to random distribution of attainment of

0:22:02.000 --> 0:22:05.160
<v Speaker 1>a top position in business or government. So you're five

0:22:05.240 --> 0:22:08.280
<v Speaker 1>to six times more likely to be a CEO or

0:22:08.359 --> 0:22:11.680
<v Speaker 1>to be that Supreme Court justice, right, especially if you

0:22:11.720 --> 0:22:14.520
<v Speaker 1>go to business or law school. Right, but yeah, anything

0:22:14.640 --> 0:22:17.440
<v Speaker 1>finance or law. I think eight of the nine current

0:22:17.560 --> 0:22:21.080
<v Speaker 1>justices went there, except for Amy Coney Barrett, who went

0:22:21.119 --> 0:22:24.480
<v Speaker 1>to Notre Dame Well the Catholic Ivy Yeah, that's true,

0:22:24.480 --> 0:22:26.480
<v Speaker 1>I guess, um. Yeah, so yeah, if you're on the

0:22:26.560 --> 0:22:29.760
<v Speaker 1>Supreme Court, there's an extraordinarily high likelihood you are a

0:22:29.840 --> 0:22:34.200
<v Speaker 1>graduate of not just an undergraduate of um An Ivy League,

0:22:34.200 --> 0:22:36.720
<v Speaker 1>but also a graduate of an Ivy League law school.

0:22:36.760 --> 0:22:39.280
<v Speaker 1>It's just it's just not done to have a Supreme

0:22:39.280 --> 0:22:42.600
<v Speaker 1>Court justice who isn't so. Amy Comy Barrett definitely bucks

0:22:42.640 --> 0:22:46.680
<v Speaker 1>that trend. Um. But presidents tend to be. I think

0:22:47.400 --> 0:22:51.360
<v Speaker 1>thirty four of all presidents in the United States ever

0:22:51.920 --> 0:22:56.400
<v Speaker 1>went to um An Ivy League school, either for undergrad

0:22:56.600 --> 0:23:00.159
<v Speaker 1>or grad. And then five of the last six. Can

0:23:00.200 --> 0:23:03.200
<v Speaker 1>you guess who number six is who did not go?

0:23:05.320 --> 0:23:08.280
<v Speaker 1>Joe Biden. Joe Biden went. He went to Delaware and

0:23:08.440 --> 0:23:12.080
<v Speaker 1>he went to Syracuse Law. Yeah, because the previous president

0:23:12.119 --> 0:23:15.320
<v Speaker 1>went to Wharton. Well, he went to Penn and then

0:23:15.320 --> 0:23:17.600
<v Speaker 1>I think he went on as well. And Wharton's the

0:23:17.600 --> 0:23:20.440
<v Speaker 1>business school at you pen, right, and just crushed it. Yeah,

0:23:20.720 --> 0:23:26.520
<v Speaker 1>Obama went to Columbia, that's right. Um, George w went

0:23:26.600 --> 0:23:29.320
<v Speaker 1>to Yale because he was a legacy. His father went

0:23:29.400 --> 0:23:30.879
<v Speaker 1>to you and he's a skull and bones guy to it.

0:23:32.000 --> 0:23:34.560
<v Speaker 1>What about Clinton? Where did he go? Clinton went to

0:23:34.600 --> 0:23:36.600
<v Speaker 1>Georgetown and then I believe he went to Yale. Law.

0:23:36.920 --> 0:23:39.960
<v Speaker 1>I was so hoping he was a razorback you think so?

0:23:40.400 --> 0:23:42.920
<v Speaker 1>I think I moved to Arkansas after that. They were like,

0:23:43.080 --> 0:23:48.480
<v Speaker 1>what state can we take over? Um? So, as far

0:23:48.560 --> 0:23:51.960
<v Speaker 1>as the education goes, you know, it's sort of one

0:23:51.960 --> 0:23:54.119
<v Speaker 1>of those things where the education, of course is great.

0:23:54.960 --> 0:23:57.280
<v Speaker 1>No one's gonna knock an IVY League school education with

0:23:57.359 --> 0:23:59.720
<v Speaker 1>a straight face, so don't think we're doing that. But

0:24:00.520 --> 0:24:05.960
<v Speaker 1>there is that weird effect where getting the job because

0:24:06.080 --> 0:24:09.680
<v Speaker 1>you have that on your resume is a thing you

0:24:09.760 --> 0:24:13.280
<v Speaker 1>can't you just can't deny that, right. It's just the

0:24:13.520 --> 0:24:19.679
<v Speaker 1>reputation of the IVY leagues alone, Yes, sustain their reputation.

0:24:20.600 --> 0:24:24.520
<v Speaker 1>Success breeds success exactly. So if you have a degree

0:24:24.720 --> 0:24:29.720
<v Speaker 1>from an IVY League university. The doors are going to

0:24:29.800 --> 0:24:32.880
<v Speaker 1>open for you just because you have a degree from

0:24:32.920 --> 0:24:36.880
<v Speaker 1>an Ivy League university, Like you can stipend for position

0:24:37.200 --> 0:24:41.399
<v Speaker 1>at a Wall Street law firm and be less qualified,

0:24:41.480 --> 0:24:46.159
<v Speaker 1>probably as far as actually doing the work goes, than

0:24:46.320 --> 0:24:50.560
<v Speaker 1>somebody who went to Georgia who's smarter and more capable

0:24:50.600 --> 0:24:52.920
<v Speaker 1>than you. And you're probably going to get the job

0:24:53.560 --> 0:24:56.879
<v Speaker 1>because you went to an Ivy League school, because they

0:24:56.960 --> 0:24:59.480
<v Speaker 1>have the reputation. And the thing is, the Ivy Leagues

0:24:59.520 --> 0:25:03.040
<v Speaker 1>are well away of this. They know that that it

0:25:03.119 --> 0:25:05.240
<v Speaker 1>would be really easy to rest on their laurels and

0:25:05.359 --> 0:25:08.439
<v Speaker 1>just you know, let anybody in as long as your

0:25:08.480 --> 0:25:11.040
<v Speaker 1>parents have the money to donate, like a new wing

0:25:11.119 --> 0:25:14.159
<v Speaker 1>of the library or something. The library I don't know,

0:25:14.280 --> 0:25:18.840
<v Speaker 1>but it always donate a food all yeah, great, um.

0:25:19.280 --> 0:25:23.159
<v Speaker 1>But the I think that they try to balance that

0:25:23.240 --> 0:25:26.159
<v Speaker 1>out as much as possible, at least to some degree,

0:25:26.359 --> 0:25:28.760
<v Speaker 1>because they know that eventually the reputation is going to

0:25:28.840 --> 0:25:31.600
<v Speaker 1>fall because it turns out that all of the Harvard

0:25:31.640 --> 0:25:34.879
<v Speaker 1>people are really actually dummies. The problem is is in

0:25:34.960 --> 0:25:39.159
<v Speaker 1>the meantime, those people who are making their way to

0:25:39.240 --> 0:25:41.399
<v Speaker 1>the top just by virtue of having gone to the

0:25:41.480 --> 0:25:46.040
<v Speaker 1>Ivy leagues aren't necessarily the best in the brightest, and

0:25:47.200 --> 0:25:50.240
<v Speaker 1>since they're aggregating at the top, that means the leadership

0:25:50.520 --> 0:25:53.000
<v Speaker 1>is not necessarily the best in the brightest. And they're

0:25:53.040 --> 0:25:56.399
<v Speaker 1>also recruiting and drafting and opening doors and creating policies

0:25:57.000 --> 0:26:02.280
<v Speaker 1>that benefit people like them rather than necessarily everybody else.

0:26:02.359 --> 0:26:05.040
<v Speaker 1>And then the final factor of this chuck is that

0:26:05.800 --> 0:26:09.159
<v Speaker 1>because those people went to IVY League schools and the

0:26:09.280 --> 0:26:11.919
<v Speaker 1>rest of us are just awed by Ivy League schools.

0:26:12.320 --> 0:26:14.480
<v Speaker 1>The fact that they have Ivy League credentials means that

0:26:14.600 --> 0:26:17.639
<v Speaker 1>their ideas, that those policies they come up with, that

0:26:17.800 --> 0:26:23.360
<v Speaker 1>the that the decisions they make are inherently right because

0:26:23.480 --> 0:26:26.959
<v Speaker 1>their IVY League credentials. So it's a big or borrows

0:26:27.080 --> 0:26:30.080
<v Speaker 1>with like multiple tales going into multiple amounts, but it's

0:26:30.080 --> 0:26:32.720
<v Speaker 1>all one big thing. It's a human centipede, and it's

0:26:32.840 --> 0:26:35.639
<v Speaker 1>like a real right, it's a real um, it's a

0:26:35.720 --> 0:26:39.800
<v Speaker 1>real like balancing act because the the fate of the nation,

0:26:39.880 --> 0:26:43.399
<v Speaker 1>in a large part um not entirely, we'll get to that,

0:26:43.600 --> 0:26:46.680
<v Speaker 1>but in large part rests in the in the hands

0:26:46.760 --> 0:26:50.919
<v Speaker 1>of these these IVY League schools who are producing tomorrow's leaders.

0:26:51.080 --> 0:26:53.400
<v Speaker 1>That's true there was a study that found that top

0:26:53.480 --> 0:26:57.320
<v Speaker 1>executives are not dominated by these elite schools, but they

0:26:57.359 --> 0:27:00.800
<v Speaker 1>are overrepresented. So, like I said, that five to sixfold

0:27:00.800 --> 0:27:03.639
<v Speaker 1>advantage to get that top position in the business if

0:27:03.680 --> 0:27:06.360
<v Speaker 1>you went to an IVY League school, I think they're

0:27:06.359 --> 0:27:11.520
<v Speaker 1>all about on part though with like m I T, Stanford, Caltech, Um,

0:27:11.960 --> 0:27:14.720
<v Speaker 1>you know, there are plenty of non IVY schools that

0:27:14.880 --> 0:27:16.879
<v Speaker 1>also are kind of up there with them as far

0:27:16.960 --> 0:27:21.800
<v Speaker 1>as um, maybe not representation, but at least um breathing

0:27:21.840 --> 0:27:24.320
<v Speaker 1>in the same rarefied air. Yeah, there's a there's a

0:27:25.040 --> 0:27:30.400
<v Speaker 1>stratum called IVY Plus which includes Stanford, Duke, University of Chicago,

0:27:30.520 --> 0:27:33.199
<v Speaker 1>and m I T. As people consider that, and then

0:27:33.200 --> 0:27:35.280
<v Speaker 1>there's also people who are like, well, don't forget Georgetown

0:27:35.359 --> 0:27:39.080
<v Speaker 1>and don't forget you know, um, I think you see

0:27:39.119 --> 0:27:42.359
<v Speaker 1>Berkeley is sometimes yeah, Berkeley probably, So there's in a

0:27:42.440 --> 0:27:46.040
<v Speaker 1>few Northwestern maybe yes, um, if you if you step back,

0:27:46.040 --> 0:27:48.040
<v Speaker 1>they would look at these schools on paper, some of

0:27:48.080 --> 0:27:50.840
<v Speaker 1>these other schools probably blow IVY League schools out of

0:27:50.880 --> 0:27:53.560
<v Speaker 1>the water as far as just like education, Yeah, but

0:27:53.720 --> 0:27:57.400
<v Speaker 1>in specific areas, there are specific like if you want

0:27:57.480 --> 0:28:00.400
<v Speaker 1>to to understand business, go to Warton Business cool. If

0:28:00.440 --> 0:28:03.840
<v Speaker 1>you want to like practice law in any like to

0:28:04.040 --> 0:28:08.080
<v Speaker 1>learn law, Harvard Law, Yale Law, those are really good choices. Uh.

0:28:08.160 --> 0:28:10.119
<v Speaker 1>If you want to learn everything you need to know

0:28:10.160 --> 0:28:13.280
<v Speaker 1>about the food service industry, go to Cornell. Uh. They

0:28:13.320 --> 0:28:17.480
<v Speaker 1>have a huge like restaurant, Hospitality and food science division. Yeah.

0:28:17.560 --> 0:28:19.000
<v Speaker 1>I don't know why, but it's as good as it

0:28:19.080 --> 0:28:22.480
<v Speaker 1>gets right. So um, But there's other schools that are like,

0:28:23.040 --> 0:28:25.359
<v Speaker 1>like trying to go to Harvard for engineering rather than

0:28:25.480 --> 0:28:27.359
<v Speaker 1>m I T. Like you'd be a dumb to do that.

0:28:27.720 --> 0:28:29.959
<v Speaker 1>So in that sense, m I T blows Harvard out

0:28:29.960 --> 0:28:32.320
<v Speaker 1>of the water. The thing is, it doesn't matter. It's

0:28:32.760 --> 0:28:36.240
<v Speaker 1>m I T is not Ivy League school. Harvard is

0:28:36.520 --> 0:28:39.240
<v Speaker 1>so Harvard has an extra veneer of prestige that the

0:28:39.440 --> 0:28:42.680
<v Speaker 1>average dumb dumb will just be blown away by right.

0:28:43.160 --> 0:28:46.600
<v Speaker 1>Georgia has a good journalism school, sure, great veterinary program,

0:28:47.440 --> 0:28:50.959
<v Speaker 1>large animal vet Uh. Yeah. And then for guys like us,

0:28:51.480 --> 0:28:53.120
<v Speaker 1>it's also a place where you could go and get

0:28:53.200 --> 0:28:56.400
<v Speaker 1>a decent state school education and have a lot of fun. Yeah.

0:28:57.360 --> 0:29:01.600
<v Speaker 1>Cheapest forty ounces in the state. Oh man, Georgie used

0:29:01.600 --> 0:29:03.720
<v Speaker 1>to be really cheap. I think tuition has gone up.

0:29:03.800 --> 0:29:06.160
<v Speaker 1>But back when we were there, like it was like

0:29:06.200 --> 0:29:10.800
<v Speaker 1>six dollars a quarter or something. It was ridiculous. Wow,

0:29:10.880 --> 0:29:14.200
<v Speaker 1>that is that's cheap. I'll bet it's going up. And

0:29:14.360 --> 0:29:16.200
<v Speaker 1>George has got a lot harder to get into as

0:29:16.240 --> 0:29:19.720
<v Speaker 1>well since we were there, Like I don't think the other. Yeah,

0:29:20.080 --> 0:29:25.480
<v Speaker 1>well I'm gonna start it, George. Uh. These schools too, Like,

0:29:25.600 --> 0:29:26.720
<v Speaker 1>not only do you have to have a lot of

0:29:26.720 --> 0:29:31.160
<v Speaker 1>money to go there, they are incredibly rich and wealthy schools. Um.

0:29:31.560 --> 0:29:35.200
<v Speaker 1>They have endowments totaling for all of them combined a

0:29:35.320 --> 0:29:39.160
<v Speaker 1>hundred and forty billion dollars, with Harvard's endowment alone being

0:29:39.280 --> 0:29:42.640
<v Speaker 1>forty billion. I think the lowest is Brown's Piddley little

0:29:42.680 --> 0:29:46.200
<v Speaker 1>four point two billion and ed conjectures here, But I

0:29:46.320 --> 0:29:49.240
<v Speaker 1>think he's probably kind of right that. You know, when

0:29:49.280 --> 0:29:51.880
<v Speaker 1>you have an endowment, it's not um, it's not just

0:29:52.000 --> 0:29:55.240
<v Speaker 1>a big loaded bank account, but it's it's an investment portfolio.

0:29:55.360 --> 0:29:58.360
<v Speaker 1>Could to make more money on that money. And if

0:29:58.440 --> 0:30:00.800
<v Speaker 1>you leave a ton of money is a Harvard alum

0:30:01.200 --> 0:30:04.040
<v Speaker 1>to their endowment fund and then you end up running

0:30:04.080 --> 0:30:06.640
<v Speaker 1>a business, they might invest in your business or something

0:30:06.760 --> 0:30:08.800
<v Speaker 1>like that. It's possible. I haven't seen anything, but I

0:30:08.840 --> 0:30:12.000
<v Speaker 1>mean it makes sense. Then there's like such a you know,

0:30:12.720 --> 0:30:15.720
<v Speaker 1>one hand washing the other kind of thing. Ivy like

0:30:15.880 --> 0:30:18.720
<v Speaker 1>schools in particular, because they are these conveyor belts for

0:30:18.720 --> 0:30:23.320
<v Speaker 1>a dynas one hand washing the other. Yeah, okay, you

0:30:23.400 --> 0:30:25.880
<v Speaker 1>haven't heard that. I don't think so how else are

0:30:25.880 --> 0:30:30.640
<v Speaker 1>you gonna write your own ticket rights? I've heard of one.

0:30:30.920 --> 0:30:33.080
<v Speaker 1>You know, you scratch my back out, scratch yours. One

0:30:33.120 --> 0:30:35.160
<v Speaker 1>hand washes the other, same thing. But how do you

0:30:35.240 --> 0:30:38.120
<v Speaker 1>wash your hand without just with just one hand? That's

0:30:38.160 --> 0:30:41.640
<v Speaker 1>what I'm saying. Okay, I got you, don't. You don't

0:30:41.840 --> 0:30:47.360
<v Speaker 1>in there right here? Kid it man, that thing's so creepy.

0:30:48.000 --> 0:30:49.800
<v Speaker 1>I'm just waiting for blood to start trickling out a

0:30:49.840 --> 0:30:52.000
<v Speaker 1>one of them. That means we're doing a bad job.

0:30:53.160 --> 0:30:55.880
<v Speaker 1>Should we take another break? Yeah, let's take another break.

0:30:55.920 --> 0:30:57.800
<v Speaker 1>We'll come back and talk more about endowments, because it

0:30:57.920 --> 0:31:02.719
<v Speaker 1>is a thing, all right, So much stuff from Josh

0:31:02.920 --> 0:31:24.640
<v Speaker 1>and shock alright, Chuck, So we're talking about endowments. You

0:31:24.680 --> 0:31:28.040
<v Speaker 1>said Harvard's alone is forty billion. They're will endowed just

0:31:28.360 --> 0:31:34.360
<v Speaker 1>right exactly, um hanged, just just from that alone, just

0:31:34.520 --> 0:31:37.760
<v Speaker 1>the fact that they have in their investment portfolio forty

0:31:38.000 --> 0:31:42.880
<v Speaker 1>billion dollars they reaped I think two hundred nineties six

0:31:43.000 --> 0:31:47.080
<v Speaker 1>billion dollars million. Sorry, they made two hundred ninety six

0:31:47.200 --> 0:31:52.520
<v Speaker 1>million dollars in growth off of their forty billion portfolio. UM.

0:31:52.960 --> 0:31:56.600
<v Speaker 1>I think in two thousand seventeen, that's great. It's good return.

0:31:56.880 --> 0:32:00.360
<v Speaker 1>It is a great return, UM. And it was tech free.

0:32:00.640 --> 0:32:02.440
<v Speaker 1>Had it happened in two thousand and sixteen, it would

0:32:02.440 --> 0:32:05.200
<v Speaker 1>have been tax free those universities and times even though

0:32:05.240 --> 0:32:10.000
<v Speaker 1>their private universities, their nonprofit universities, and their endowments were

0:32:10.480 --> 0:32:15.120
<v Speaker 1>non taxed until ironically, the two thousand seventeen tax package

0:32:15.320 --> 0:32:18.520
<v Speaker 1>was passed and there was one point five tax one

0:32:18.560 --> 0:32:23.880
<v Speaker 1>percent tax on university endowments. Yeah, so Harvard made a

0:32:23.920 --> 0:32:25.840
<v Speaker 1>big stink about how they had to cough up fifty

0:32:25.880 --> 0:32:29.680
<v Speaker 1>million dollars in taxes that year. But if you're using

0:32:29.960 --> 0:32:32.720
<v Speaker 1>all two nine million from that year for things like

0:32:33.160 --> 0:32:38.200
<v Speaker 1>you know, building a new library wing, maybe a food hall,

0:32:38.240 --> 0:32:42.479
<v Speaker 1>I don't know. Or if you're a teaching hospital, university hospital, um,

0:32:42.720 --> 0:32:47.040
<v Speaker 1>you might build a new hospital wing or something like that. Supposedly,

0:32:47.880 --> 0:32:50.200
<v Speaker 1>supposedly you're supposed to use a lot of this also

0:32:50.360 --> 0:32:54.280
<v Speaker 1>to basically pay for free rides for UM low income

0:32:54.560 --> 0:32:57.560
<v Speaker 1>students who who otherwise wouldn't be able to make it.

0:32:58.040 --> 0:33:00.560
<v Speaker 1>That's what endowments are meant to be for. But just

0:33:00.760 --> 0:33:04.320
<v Speaker 1>the fact that the these these UM universities has that

0:33:04.440 --> 0:33:09.080
<v Speaker 1>huge adownmants make some targets for for ire and it

0:33:09.200 --> 0:33:12.600
<v Speaker 1>just kind of underscores just how unlike the rest of

0:33:12.720 --> 0:33:18.720
<v Speaker 1>us they are. You know, a hundred hundred forty billion total. Yeah,

0:33:18.840 --> 0:33:21.760
<v Speaker 1>between the eight schools. That that definitely separates them in

0:33:21.840 --> 0:33:25.320
<v Speaker 1>that respect. But the the from that adownmant though, they're

0:33:25.480 --> 0:33:28.920
<v Speaker 1>they're investing in their students education. That's what they're supposed

0:33:28.960 --> 0:33:30.960
<v Speaker 1>to be doing with the overall and there is a

0:33:31.000 --> 0:33:33.840
<v Speaker 1>big difference. If you go to an IVY League school, UM,

0:33:34.400 --> 0:33:38.480
<v Speaker 1>you are probably going to have about nine dollars invested

0:33:38.520 --> 0:33:42.720
<v Speaker 1>in you personally, uh each year over the course of

0:33:42.800 --> 0:33:44.600
<v Speaker 1>your career. If you go to an IVY League school,

0:33:44.640 --> 0:33:47.680
<v Speaker 1>every resource you need, I imagine, yea, the professors are

0:33:47.760 --> 0:33:49.480
<v Speaker 1>well paid, so you're gonna be the best of the best.

0:33:49.600 --> 0:33:54.600
<v Speaker 1>The facilities are in great shape. Exactly, we're out of

0:33:54.680 --> 0:33:58.440
<v Speaker 1>gas again, UM and a second tier school, and I

0:33:58.640 --> 0:34:01.360
<v Speaker 1>use I just made air was choking tests, and so

0:34:01.520 --> 0:34:05.680
<v Speaker 1>can the year. UM. The second tier schools, which is

0:34:05.720 --> 0:34:09.120
<v Speaker 1>basically anything that's not like the top twenties maybe twenty

0:34:09.200 --> 0:34:13.640
<v Speaker 1>five universities, but still really good schools. Phil spend an

0:34:13.640 --> 0:34:17.080
<v Speaker 1>average of about twelve thousand dollars per student compared to

0:34:17.120 --> 0:34:21.799
<v Speaker 1>what right now, So they are putting money into their

0:34:21.840 --> 0:34:25.840
<v Speaker 1>students education, short of the endowment, but still forty billions

0:34:25.840 --> 0:34:27.839
<v Speaker 1>a lot of money. It's a lot of money. As

0:34:27.880 --> 0:34:29.960
<v Speaker 1>far as getting into an IVY League school, it is

0:34:30.080 --> 0:34:34.560
<v Speaker 1>tough obviously. Uh. Their acceptance rates are anywhere from about

0:34:34.680 --> 0:34:37.160
<v Speaker 1>three and a half percent to fifteen percent, depending on

0:34:37.280 --> 0:34:40.080
<v Speaker 1>the year in the school. I think Harvard has the

0:34:40.160 --> 0:34:45.720
<v Speaker 1>lowest rate. UH, Stanford Northwestern and Georgetown or non ivys

0:34:45.760 --> 0:34:48.920
<v Speaker 1>with about the same acceptance rate. So it's not specific

0:34:49.000 --> 0:34:51.799
<v Speaker 1>to IVY schools. UM. But there have been a couple

0:34:51.880 --> 0:34:55.640
<v Speaker 1>of scandals in recent years, notably a couple of years

0:34:55.680 --> 0:35:01.719
<v Speaker 1>ago with Lori Laughlin and who was the other actor, Um,

0:35:01.920 --> 0:35:11.440
<v Speaker 1>the lady from married Yes, Suzanne Summers, Yes, sers, I

0:35:11.480 --> 0:35:18.560
<v Speaker 1>can't remember her name. She was on Desperate Housewives, Felicity. Uh,

0:35:18.760 --> 0:35:21.399
<v Speaker 1>boy Macy skated on that too, didn't he. Oh yeah,

0:35:21.440 --> 0:35:24.480
<v Speaker 1>he was like good lucky. Yeah, prison, But that was

0:35:24.600 --> 0:35:29.480
<v Speaker 1>the big revelation that parents who had rich parents, who

0:35:29.520 --> 0:35:33.520
<v Speaker 1>had kids that were kind of not qualified to get

0:35:33.520 --> 0:35:38.279
<v Speaker 1>into these schools. Let's say, we're very diplomatic. We're trying

0:35:38.320 --> 0:35:42.560
<v Speaker 1>to make we're trying to get them into school by

0:35:43.280 --> 0:35:46.960
<v Speaker 1>uh getting them in through the sports program. So we

0:35:47.040 --> 0:35:49.360
<v Speaker 1>said that they can't offer scholarships, and that's true, But

0:35:49.480 --> 0:35:52.360
<v Speaker 1>what they can do is a coach can go to

0:35:52.440 --> 0:35:55.880
<v Speaker 1>the administration and say, hey, like, you know, I know,

0:35:56.000 --> 0:35:58.359
<v Speaker 1>you saved us a few slots for admission at least,

0:35:59.080 --> 0:36:02.120
<v Speaker 1>and they won't get a scholarship, but can you can

0:36:02.160 --> 0:36:04.719
<v Speaker 1>you get Lorie Laughlin's daughter in here on a field

0:36:04.760 --> 0:36:08.080
<v Speaker 1>hockey scholarship? And they're like, but she doesn't play field hockey,

0:36:08.200 --> 0:36:10.480
<v Speaker 1>but she never has, Like, well, I know, but they

0:36:10.520 --> 0:36:13.279
<v Speaker 1>made quite a donation to the new science wing or

0:36:13.360 --> 0:36:16.080
<v Speaker 1>the field hockey wing. The coach that x me on

0:36:16.200 --> 0:36:19.920
<v Speaker 1>the hockey. Hey, but this was bribery, and they you

0:36:20.000 --> 0:36:22.960
<v Speaker 1>know she's is she in jail now or is she

0:36:23.520 --> 0:36:26.759
<v Speaker 1>just out? I believe she's out. Her husband, you know

0:36:26.960 --> 0:36:29.279
<v Speaker 1>she's out. Her husband may be out again now. I

0:36:29.360 --> 0:36:31.640
<v Speaker 1>think they reduced a sentence to they threw the book

0:36:31.680 --> 0:36:34.000
<v Speaker 1>at him for six months, and I think they had

0:36:34.040 --> 0:36:35.799
<v Speaker 1>him served like a month or something, right, because they

0:36:35.880 --> 0:36:38.279
<v Speaker 1>kind of fought things. I remember Felicity Huffman really just

0:36:39.200 --> 0:36:42.320
<v Speaker 1>eight Crow apologized to herself at the mercy of the

0:36:42.440 --> 0:36:45.719
<v Speaker 1>court of public opinion and the real court, which was

0:36:46.239 --> 0:36:49.800
<v Speaker 1>definitely the right move. I think she was very ashamed

0:36:50.640 --> 0:36:53.120
<v Speaker 1>and came out and said, so, where's Lori Laughlin's kind

0:36:53.120 --> 0:36:55.880
<v Speaker 1>of like, I'm gonna fight this. It's like, that's not

0:36:56.080 --> 0:36:58.760
<v Speaker 1>the right move. That was a great Lori Lawlin impression,

0:36:58.760 --> 0:37:00.839
<v Speaker 1>by the way, but that was a very big deal.

0:37:00.920 --> 0:37:03.560
<v Speaker 1>Like that kind of rocked the entertainment slash academic world

0:37:03.600 --> 0:37:04.799
<v Speaker 1>for a little while. Yeah, and I think a lot

0:37:04.840 --> 0:37:07.560
<v Speaker 1>of people didn't realize that IVY leagues have these coaches

0:37:07.640 --> 0:37:10.000
<v Speaker 1>slots where the coach can say, let this kid in.

0:37:10.200 --> 0:37:12.520
<v Speaker 1>I want them on my fencing team. Best fencer I've

0:37:12.520 --> 0:37:14.880
<v Speaker 1>ever seen. You ought to see this guy with a foil, right,

0:37:15.440 --> 0:37:17.520
<v Speaker 1>But yeah, the idea that not only were these kids

0:37:17.560 --> 0:37:19.600
<v Speaker 1>not qualified to go to an IVY league school, but

0:37:19.600 --> 0:37:21.640
<v Speaker 1>they also weren't even any good at sports. They were

0:37:21.680 --> 0:37:24.000
<v Speaker 1>just using this backdoor thing that's not good at all.

0:37:24.560 --> 0:37:27.879
<v Speaker 1>What about that other the anti Asian bias scandal. Yeah,

0:37:27.960 --> 0:37:31.160
<v Speaker 1>so the UM. You know, you talked about Harvard's acceptance

0:37:31.239 --> 0:37:33.960
<v Speaker 1>rate being three point four percent. That was for that's

0:37:34.000 --> 0:37:38.120
<v Speaker 1>low even for Harvard. It's not necessarily Harvard's fault that

0:37:38.200 --> 0:37:41.000
<v Speaker 1>their acceptance rate is so low. They usually have about

0:37:41.040 --> 0:37:45.080
<v Speaker 1>the same number in each class every year and have

0:37:45.239 --> 0:37:48.239
<v Speaker 1>for decades. It's just that more and more people are

0:37:48.280 --> 0:37:52.759
<v Speaker 1>applying to it. Apparently, there's there's academic coaches that UM

0:37:53.480 --> 0:37:56.480
<v Speaker 1>basically just just help you fill out forms and tell

0:37:56.520 --> 0:38:00.239
<v Speaker 1>you how to apply to different colleges, and they their

0:38:00.400 --> 0:38:03.640
<v Speaker 1>their rise has been commensary with the flood of applications

0:38:03.760 --> 0:38:07.600
<v Speaker 1>in the IVY leagues. So more and more people are applying,

0:38:08.120 --> 0:38:12.239
<v Speaker 1>but the which means the acception rate is getting lower

0:38:12.280 --> 0:38:14.719
<v Speaker 1>and lower, even though the class size has been the same.

0:38:15.000 --> 0:38:17.880
<v Speaker 1>The point of that is that these classes are curated

0:38:18.040 --> 0:38:23.040
<v Speaker 1>almost idea leagues. And if you just went on academics

0:38:23.600 --> 0:38:26.400
<v Speaker 1>just a plus four point oh somehow their g p

0:38:26.520 --> 0:38:29.640
<v Speaker 1>A was even above four point or four period. Oh

0:38:29.680 --> 0:38:34.440
<v Speaker 1>I'm sorry, um, they you would have way more Asian

0:38:34.560 --> 0:38:38.840
<v Speaker 1>children in the IVY IVY League schools, but you don't.

0:38:40.000 --> 0:38:42.960
<v Speaker 1>So this this group sued Harvard and said you know,

0:38:43.120 --> 0:38:46.160
<v Speaker 1>you have an anti Asian bias. And Harvard was like,

0:38:46.280 --> 0:38:48.960
<v Speaker 1>it's not an anti astion biased. We more just sculpt

0:38:49.160 --> 0:38:52.239
<v Speaker 1>each class. Not only did they look at a well

0:38:52.400 --> 0:38:55.400
<v Speaker 1>rounded student with a bunch of different different like interest

0:38:55.480 --> 0:38:59.440
<v Speaker 1>in pursuits and community service in addition to their grades.

0:39:00.080 --> 0:39:02.680
<v Speaker 1>They try to look at a class like that to

0:39:02.840 --> 0:39:06.920
<v Speaker 1>the as symbol what does this class look like? And

0:39:07.239 --> 0:39:10.239
<v Speaker 1>you know, for what it's worth, they were I think

0:39:10.280 --> 0:39:12.640
<v Speaker 1>they were sued by an anti affirmative action group and

0:39:12.719 --> 0:39:15.719
<v Speaker 1>they said, um, they won, and then they won the

0:39:15.800 --> 0:39:18.920
<v Speaker 1>appeal Harvard yeah, and yeah, Harvard won. Then they won

0:39:18.960 --> 0:39:20.760
<v Speaker 1>the appeal and I think it's still in the courts

0:39:21.239 --> 0:39:25.400
<v Speaker 1>for I guess another repeal. But um, yeah, I mean

0:39:25.640 --> 0:39:27.960
<v Speaker 1>I think they're it seems like they're trying to do

0:39:28.080 --> 0:39:31.080
<v Speaker 1>that in the name of diversity, which is ironic because

0:39:31.400 --> 0:39:36.440
<v Speaker 1>you know, if you're a minority, if you're Asian, your minority. So, um,

0:39:37.239 --> 0:39:40.279
<v Speaker 1>I could see crying foul against that. But there, you know,

0:39:40.320 --> 0:39:42.640
<v Speaker 1>there are lots of minorities, and I guess they're trying

0:39:42.680 --> 0:39:45.000
<v Speaker 1>to create a diverse class at least that's what they're saying. Yeah,

0:39:45.000 --> 0:39:48.000
<v Speaker 1>and they and one of the places where diversity really

0:39:48.080 --> 0:39:52.200
<v Speaker 1>needs to be boosted. Though, is UM on socioeconomic status?

0:39:53.040 --> 0:39:58.440
<v Speaker 1>Apparently there's UM. There's a group called UM Opportunity Insights

0:39:58.520 --> 0:40:01.520
<v Speaker 1>dot org and it's some IVY leaguers who got together

0:40:01.600 --> 0:40:06.000
<v Speaker 1>to kind of study how IVY leaguers serve American society

0:40:06.600 --> 0:40:09.800
<v Speaker 1>and UM. They released these detailed reports every once in

0:40:09.840 --> 0:40:13.200
<v Speaker 1>a while, and the most recent one says that UM,

0:40:13.920 --> 0:40:17.920
<v Speaker 1>the middle middle income kids are being left out, that

0:40:18.200 --> 0:40:21.040
<v Speaker 1>the like the IVY leagues are going for like the

0:40:21.200 --> 0:40:25.680
<v Speaker 1>real like rags to riches success story to boost like

0:40:25.800 --> 0:40:29.240
<v Speaker 1>their image, and as a result, they're also they're leaving

0:40:29.320 --> 0:40:31.680
<v Speaker 1>out some of the middle where if you just took

0:40:31.800 --> 0:40:35.560
<v Speaker 1>kids who were who had scored at least a fourteen

0:40:35.640 --> 0:40:39.400
<v Speaker 1>hundred on the s A t um as as qualification

0:40:39.480 --> 0:40:43.600
<v Speaker 1>and left income out of it middle income kids, would

0:40:44.960 --> 0:40:47.319
<v Speaker 1>I think the representation would go up by like ten

0:40:47.360 --> 0:40:50.400
<v Speaker 1>percent or something crazy like that. UM. But that's not

0:40:50.520 --> 0:40:53.279
<v Speaker 1>the case. You have very very high income kids, like

0:40:53.440 --> 0:40:56.279
<v Speaker 1>for example, if you're student, or if you're student with

0:40:56.440 --> 0:41:02.480
<v Speaker 1>parents in the top one per cent of Amrican economic brackets, UM,

0:41:03.280 --> 0:41:06.920
<v Speaker 1>you're seventy seven times more likely to attend an IVY

0:41:07.000 --> 0:41:09.800
<v Speaker 1>league than a student with a parent and the lowest

0:41:09.880 --> 0:41:14.279
<v Speaker 1>twenty which is crazy because there's only one point two

0:41:14.400 --> 0:41:17.240
<v Speaker 1>million households in the one in the top one percent,

0:41:17.600 --> 0:41:20.800
<v Speaker 1>but there's twenty one million households in the bottom twenty percent.

0:41:21.080 --> 0:41:23.040
<v Speaker 1>But those kids in the top one percent are still

0:41:23.160 --> 0:41:26.760
<v Speaker 1>seventy seven times likelier to go to an Ivy League school.

0:41:27.160 --> 0:41:29.560
<v Speaker 1>That right there is do you just drop the mic?

0:41:29.680 --> 0:41:32.719
<v Speaker 1>Right there? There's you? You just there's no argument like

0:41:32.800 --> 0:41:37.600
<v Speaker 1>they serve the the highest chalons of American society and

0:41:37.680 --> 0:41:40.640
<v Speaker 1>help the next generation stay in the highest echelons of

0:41:40.680 --> 0:41:43.239
<v Speaker 1>American society. If you drop this mic, you're gonna injure that.

0:41:43.320 --> 0:41:48.319
<v Speaker 1>Here another stat here. In seventeen, more than twenty percent

0:41:48.360 --> 0:41:51.000
<v Speaker 1>of Dartmouth students were from the top one percent of

0:41:51.080 --> 0:41:55.520
<v Speaker 1>earning families, and fourteen point four percent came from the

0:41:55.560 --> 0:42:00.279
<v Speaker 1>bottom six of families by income. And at don't have

0:42:00.320 --> 0:42:02.239
<v Speaker 1>the stat but I guarantee you that most of those

0:42:02.320 --> 0:42:06.880
<v Speaker 1>fell between like the fiftieth and sixty percentile. I'd be

0:42:06.960 --> 0:42:09.320
<v Speaker 1>curious to see what like the bottom ten percent looks like,

0:42:09.520 --> 0:42:13.880
<v Speaker 1>but it's it's probably super super low. So um. I

0:42:13.920 --> 0:42:16.719
<v Speaker 1>saw another study from the Opportunity Insights where they were

0:42:16.800 --> 0:42:20.080
<v Speaker 1>saying like, Okay, the key here what you're looking for

0:42:20.400 --> 0:42:23.680
<v Speaker 1>to raise people up out of the lower socioeconomic levels

0:42:23.760 --> 0:42:27.040
<v Speaker 1>to the higher ones through a college education are two.

0:42:27.400 --> 0:42:30.680
<v Speaker 1>There's two factors. One is access. They've got to be

0:42:30.760 --> 0:42:33.880
<v Speaker 1>able to have access to that education. So how how

0:42:33.960 --> 0:42:38.120
<v Speaker 1>many lower income students is this this U university accepting?

0:42:38.400 --> 0:42:41.120
<v Speaker 1>And then mobility, which is how many go from the

0:42:41.200 --> 0:42:45.920
<v Speaker 1>bottom quintile to the highest quintiles in their career in life? Yeah,

0:42:46.000 --> 0:42:48.560
<v Speaker 1>like say ten years on? Yeah, right or yeah, over

0:42:48.640 --> 0:42:51.719
<v Speaker 1>their lifetime there, Well, they found that I vs are

0:42:51.760 --> 0:42:55.400
<v Speaker 1>not They're great at mobility. They can get people out

0:42:55.480 --> 0:42:58.120
<v Speaker 1>of the bottom twenty pent in the top no problem,

0:42:58.360 --> 0:43:01.480
<v Speaker 1>but so can second tier school and second tier schools

0:43:01.520 --> 0:43:03.680
<v Speaker 1>have much greater access. It's much easier to get in,

0:43:04.360 --> 0:43:06.920
<v Speaker 1>and they're also a lot cheaper over there. I think

0:43:06.960 --> 0:43:09.440
<v Speaker 1>Harvard's like fifty grand a year now or something like. Yeah,

0:43:09.520 --> 0:43:12.280
<v Speaker 1>but although if you are in that bottom income bracket,

0:43:12.360 --> 0:43:16.680
<v Speaker 1>you're gonna be getting grants out the wazoo, right, but

0:43:17.160 --> 0:43:20.120
<v Speaker 1>it's hard to get in. Access is shut down. The

0:43:20.200 --> 0:43:22.359
<v Speaker 1>mobility is pretty good, but it's also just as good

0:43:22.360 --> 0:43:24.400
<v Speaker 1>as a second tier. Now, if you take away that

0:43:24.760 --> 0:43:28.360
<v Speaker 1>moving people from the bottom twenty to the top. And

0:43:28.480 --> 0:43:30.760
<v Speaker 1>you look at moving people from the bottom twenty percent

0:43:30.840 --> 0:43:33.680
<v Speaker 1>to the top one percent, then Ivy leagues just below

0:43:33.719 --> 0:43:36.280
<v Speaker 1>everybody else out of the water. There's a good chance

0:43:36.440 --> 0:43:39.120
<v Speaker 1>that if you are from the lowest twenty percent of

0:43:39.320 --> 0:43:44.840
<v Speaker 1>earners and do we're talking dollars a year less, there's

0:43:45.440 --> 0:43:50.120
<v Speaker 1>twenty twenty two million households in the US that make that. Um,

0:43:51.040 --> 0:43:54.000
<v Speaker 1>if you come from that quintile and you get into

0:43:54.040 --> 0:43:56.440
<v Speaker 1>an IVY League school, there's a pretty decent chance you're

0:43:56.440 --> 0:43:58.160
<v Speaker 1>going to be in the top one percent of earners

0:43:58.280 --> 0:44:02.040
<v Speaker 1>ten years after you graduate. Yeah, what is this stat

0:44:02.120 --> 0:44:05.800
<v Speaker 1>doesn't make sense here at the end, then Princeton students

0:44:05.840 --> 0:44:08.959
<v Speaker 1>were pell grant eligible, but only one point three percent

0:44:09.040 --> 0:44:11.839
<v Speaker 1>of their students entered poor and became rich later in life. Yeah,

0:44:11.840 --> 0:44:14.960
<v Speaker 1>i'd be right. I don't. Yeah, I think different studies

0:44:15.040 --> 0:44:17.160
<v Speaker 1>turn up different stuff. So that is just from a

0:44:17.239 --> 0:44:19.400
<v Speaker 1>different study. And it also it has to do with

0:44:19.560 --> 0:44:22.040
<v Speaker 1>the measurement. I mean, like maybe this is over lifetime

0:44:22.080 --> 0:44:26.759
<v Speaker 1>earnings or something like that. Right, That's just that was startling. Um,

0:44:27.360 --> 0:44:28.960
<v Speaker 1>there is a good quote here. I think we should

0:44:28.960 --> 0:44:32.080
<v Speaker 1>read that. Uh, and it's it's sort of on the

0:44:32.200 --> 0:44:36.040
<v Speaker 1>idea that just because you got into Harvard Um, your

0:44:36.160 --> 0:44:39.600
<v Speaker 1>problems are solved as far as your connections and socially,

0:44:40.400 --> 0:44:42.600
<v Speaker 1>and I think it has the reputation once you're if

0:44:42.640 --> 0:44:45.200
<v Speaker 1>you're a student there, and if you are from one

0:44:45.239 --> 0:44:49.280
<v Speaker 1>of those lower income families that sort of like Robbie

0:44:49.320 --> 0:44:52.080
<v Speaker 1>coming from Georgia to their law school, they're like, well,

0:44:52.160 --> 0:44:54.520
<v Speaker 1>you're still not really one of us. You got in

0:44:54.640 --> 0:44:56.880
<v Speaker 1>and you're getting these grants. I know you're smart and everything,

0:44:57.560 --> 0:45:00.680
<v Speaker 1>but you're you're not a blue blow like we are.

0:45:01.320 --> 0:45:03.840
<v Speaker 1>And we're gonna have a bunch of clubs that are expensive,

0:45:04.200 --> 0:45:07.520
<v Speaker 1>have really expensive dues and secret societies, and we can

0:45:07.600 --> 0:45:11.320
<v Speaker 1>still segregate within this school pretty successfully, and you're not

0:45:11.360 --> 0:45:13.759
<v Speaker 1>gonna have the connections we're gonna have even though you

0:45:13.800 --> 0:45:16.759
<v Speaker 1>went here with us. Uh In this one student from

0:45:17.160 --> 0:45:21.400
<v Speaker 1>UH I think he was Haitian said in the Washington

0:45:21.440 --> 0:45:24.279
<v Speaker 1>Post article, they're constant reminders they have to forge a

0:45:24.320 --> 0:45:27.000
<v Speaker 1>place for myself within the world that has been constructed

0:45:27.040 --> 0:45:30.120
<v Speaker 1>for someone else. So, you know, it's great that they

0:45:30.160 --> 0:45:32.080
<v Speaker 1>are getting some of these kids in the school and

0:45:32.120 --> 0:45:37.200
<v Speaker 1>trying to diversify, but that's only step one into truly integrating.

0:45:37.239 --> 0:45:41.080
<v Speaker 1>You know. Yeah, that's exactly what happened to Elwood's. Yeah,

0:45:42.560 --> 0:45:44.480
<v Speaker 1>I get the reference. Now you got anything else? Have

0:45:44.600 --> 0:45:47.520
<v Speaker 1>you not ever seen Illegally Blonde? I don't think so.

0:45:47.880 --> 0:45:50.680
<v Speaker 1>It's all the way through Emily has for sure, and

0:45:50.800 --> 0:45:53.680
<v Speaker 1>Legally Blond two is one of the better sequels ever

0:45:54.239 --> 0:45:58.200
<v Speaker 1>Blonde Ambition, I think so. Yeah, she goes through the

0:45:58.280 --> 0:46:00.239
<v Speaker 1>same exact thing, but this time in d C. I'm

0:46:00.280 --> 0:46:02.680
<v Speaker 1>not sure how I knew that. Um, well, you just

0:46:02.760 --> 0:46:05.040
<v Speaker 1>pull it out of thin air. That's right, you got

0:46:05.040 --> 0:46:08.200
<v Speaker 1>anything else? Got nothing else? Okay, everybody, let's ivy leagues.

0:46:08.239 --> 0:46:10.200
<v Speaker 1>And that is also the end of our three D

0:46:10.440 --> 0:46:15.200
<v Speaker 1>recording um career, at least after this listener mail, because

0:46:15.239 --> 0:46:17.520
<v Speaker 1>I said, three D recording career. Hope you enjoyed it.

0:46:17.520 --> 0:46:20.080
<v Speaker 1>I'm over here now, I'm over here. Now I'm done here.

0:46:22.920 --> 0:46:25.800
<v Speaker 1>Do you think that does anything? Probably? Yeah, it just

0:46:25.920 --> 0:46:29.680
<v Speaker 1>made Jerry took all uh and then you gotta finish

0:46:29.680 --> 0:46:32.400
<v Speaker 1>your part. Now, did you already forget listener mail? Yeah? No,

0:46:32.520 --> 0:46:34.520
<v Speaker 1>I said, that's that's a listener man. How you did,

0:46:35.000 --> 0:46:36.879
<v Speaker 1>I said, And that means it's time for listener mail?

0:46:36.920 --> 0:46:40.560
<v Speaker 1>Because I said, you did say that. Yeah, I miss Mike.

0:46:40.600 --> 0:46:43.040
<v Speaker 1>You all right, Well here I'll do it again. You're ready,

0:46:43.680 --> 0:46:47.400
<v Speaker 1>we should leave this part in. Okay, don't even forget already.

0:46:47.840 --> 0:46:50.640
<v Speaker 1>I Well, then I get I guess I did. Uh. Well,

0:46:50.680 --> 0:46:52.719
<v Speaker 1>since Chuck said I guess I did, that means it's

0:46:52.719 --> 0:46:57.040
<v Speaker 1>time for a listener mail. Hey, great set up. I'm

0:46:57.080 --> 0:46:59.919
<v Speaker 1>gonna call this feminism from Emily in Chicago. Hey, guys,

0:47:00.040 --> 0:47:02.439
<v Speaker 1>the area episode you mentioned doing at least a short

0:47:02.480 --> 0:47:05.279
<v Speaker 1>stuff on Betty for Dan. I for one, think it's

0:47:05.280 --> 0:47:07.040
<v Speaker 1>a great idea because she's done a lot of important work.

0:47:07.320 --> 0:47:08.920
<v Speaker 1>It doesn't really get talked about. But I wanted to

0:47:08.960 --> 0:47:11.400
<v Speaker 1>bring you, guys, bring up to you guys. If you

0:47:11.480 --> 0:47:14.000
<v Speaker 1>decide to pursue an episode on her, you should know

0:47:14.080 --> 0:47:16.000
<v Speaker 1>that she led a movement that was exclusive to white,

0:47:16.040 --> 0:47:19.960
<v Speaker 1>middle class heterosexual women. The sixties and seventies was a

0:47:20.040 --> 0:47:22.839
<v Speaker 1>time period it was really rich in movements for women

0:47:22.920 --> 0:47:26.560
<v Speaker 1>of UH, for women people of color in the LGBTQ community.

0:47:26.640 --> 0:47:30.320
<v Speaker 1>Yet all these movements, namely Second Way feminism UH in

0:47:30.400 --> 0:47:32.520
<v Speaker 1>the American Indian movement, was guilty of this too. They

0:47:32.560 --> 0:47:35.880
<v Speaker 1>excluded poor women, women of color, and women who identified

0:47:35.880 --> 0:47:39.200
<v Speaker 1>as lgbt Q women in these groups were advocating for

0:47:39.239 --> 0:47:41.440
<v Speaker 1>the same rights as the leaders of these movements, but

0:47:41.560 --> 0:47:44.440
<v Speaker 1>oftentimes her voices were just straight up ignored. Betty for

0:47:44.560 --> 0:47:47.799
<v Speaker 1>Dan was notorious for budding heads with and kicking out

0:47:48.320 --> 0:47:50.560
<v Speaker 1>these types of women, like Rita may Brown, who was

0:47:50.600 --> 0:47:53.400
<v Speaker 1>a great feminist writer. This wave of feminism in the

0:47:53.440 --> 0:47:56.520
<v Speaker 1>sixties and seventies was definitely important and did deliver great

0:47:56.560 --> 0:47:59.399
<v Speaker 1>strides for women, but not all women. I do wanna

0:47:59.560 --> 0:48:01.520
<v Speaker 1>don't want to rain on anyone's breed here in any way,

0:48:01.680 --> 0:48:03.719
<v Speaker 1>shape or form, but just shed a bit of light

0:48:03.800 --> 0:48:06.400
<v Speaker 1>on the many years, I'm sorry, many layers of these movements.

0:48:06.680 --> 0:48:08.960
<v Speaker 1>It's important to celebrate the victories for women in minority

0:48:09.000 --> 0:48:11.520
<v Speaker 1>groups during this period, but it's also important not to

0:48:11.560 --> 0:48:14.279
<v Speaker 1>gloss over the mini flaws that were present. You guys

0:48:14.320 --> 0:48:16.399
<v Speaker 1>are great. Your show is an absolute delight. I can't

0:48:16.400 --> 0:48:18.600
<v Speaker 1>wait to listen to future episodes. Please keep up the

0:48:18.640 --> 0:48:21.480
<v Speaker 1>good work, Take care of yourself, stay safe, stay healthy.

0:48:21.800 --> 0:48:25.600
<v Speaker 1>Emily from Chicago, Thanks Emily. It's a great point. Totally

0:48:25.680 --> 0:48:28.600
<v Speaker 1>great point. I've learned over the years and from being

0:48:28.680 --> 0:48:32.359
<v Speaker 1>a history major, that things, even the most celebrated things,

0:48:32.400 --> 0:48:37.799
<v Speaker 1>are rarely just perfect. Yeah. Us. Well, I mean maybe

0:48:37.920 --> 0:48:40.759
<v Speaker 1>an exception of the rule. All right, great, Well, if

0:48:40.760 --> 0:48:42.200
<v Speaker 1>you want to get in touch of this, like Emily

0:48:42.280 --> 0:48:44.800
<v Speaker 1>from Chicago did and say hey, I'm blank from blank

0:48:45.360 --> 0:48:48.560
<v Speaker 1>let us know, you can email to us at stuff

0:48:48.640 --> 0:48:55.160
<v Speaker 1>podcast and iHeart radio dot com. Stuff you Should Know

0:48:55.320 --> 0:48:58.080
<v Speaker 1>is a production of I Heeart Radio. For more podcasts

0:48:58.160 --> 0:49:00.359
<v Speaker 1>my heart Radio, visit the I Heart Radio o app,

0:49:00.600 --> 0:49:03.480
<v Speaker 1>Apple Podcasts, or wherever you listen to your favorite shows.

0:49:09.760 --> 0:49:10.200
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