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No Stupid Questions

21. How Can You Identify Hidden Talent? With Eric Schmidt.

No Stupid Questions

Freakonomics Radio + Stitcher

Society & Culture

4.63.7K Ratings

🗓️ 11 May 2025

⏱️ 35 minutes

🧾️ Download transcript

Summary

Also: is there a downside to billionaire philanthropy? This episode originally aired on October 4, 2020.

Transcript

Click on a timestamp to play from that location

0:00.0

After your third yacht, I mean, what are you going to buy?

0:06.5

A fourth yacht.

0:08.3

I'm Angela Duckworth.

0:09.7

I'm Stephen Dubner.

0:10.7

And you're listening to No Stupid Questions.

0:13.8

Today on the show, Angela asks former Google CEO Eric Schmidt about his quest to find the Einstein of the 21st century.

0:22.4

How can that possibly be something we shouldn't be pursuing?

0:25.7

Also, are billionaire philanthropists doing more harm than good?

0:30.1

I'm not going to go tutor anyone today because didn't I hear that Eric Schmidt is giving way his money to education?

0:37.0

All right, so let's get started. Eric, I'm so happy to be in conversation with you today.

0:42.5

Listeners, of course, may know you as the former CEO of Google. How would you like listeners

0:47.8

today in 2020 to identify you to know you? Well, I think of myself as a computer scientist

0:53.4

who is lucky enough to eventually run a number

0:56.4

of companies, and now I'm trying to apply the principles that I've always believed in to solve

1:01.3

some societal problems.

1:03.0

It's far better to take the spoils of success and use them to advance the next generation

1:10.2

than anything else I can imagine.

1:12.6

Because I did not understand, and now I understand very well, that I was standing on the

1:19.3

shoulder of giants and that the vast majority of my success was due to luck and not skill.

1:24.9

The work I know best is the work that I happen to be involved in, and that is

1:29.8

Schmidt-Rise. I'd love you to actually begin by just explaining what is Schmidt-Rise and how did it

1:36.0

come about? I decided after a while that the most important thing was talent. Talent is distributed

...

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