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Yes, agreed. Michael Young’s Meritocracy book was so prescient that in the end “merit” would come to mean, and only mean, grades and school quality, because they are so tantalisingly quantified (not well-quantified, just quantified)

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It's very plausible that we'd all be better off if the M&A lawyers and HFT engineers on all sides went home at 5 and spent less time trying to obtain an edge over each other. But surely that can't be true for Opportunity Insights!

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