What are you talking about? Noah went to graduate school for free, and now he has a job for life thanks to tenure. Seems like he went long his human capital and is about to cash in. Forever.
The only way he could have cashed in even more would have been to be slightly lazy than he was and instead of getting a PhD going into a quant shop. Then he would have been a 22 year old Stanford physicist making 250k a year instead of a 27 year old Michigan economist making whatever tenure, 60 year?
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