Don't Rely on Credibility Stamps
Naval
Naval Ravikant
4.8 • 2.4K Ratings
🗓️ 22 November 2021
⏱️ 2 minutes
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Transcript http://nav.al/credibility
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| 0:00.0 | There are a lot of institutions in our society today that are relying upon credibility |
| 0:05.0 | stamps. |
| 0:06.0 | They used to be how you gain credibility in society. |
| 0:08.2 | So if you were a journalist writing for the New York Times or Washington Post, then you |
| 0:11.9 | had the mast head of the New York Times and Washington Post. |
| 0:14.5 | If you're a professor at Harvard, you have credibility because you're a professor at Harvard. |
| 0:18.2 | So of course those systems got hacked. |
| 0:19.8 | A lot of social scientists who have no business telling the world what to do are now in there |
| 0:24.0 | with their nonsense political models, masquerading as economists or natural scientists, or you |
| 0:28.3 | have people who are activists writing under the mast heads of these formerly great newspapers |
| 0:33.6 | and burning up the credibility capital that these newspapers have built up over time. |
| 0:38.4 | The internet is exposing them slowly but steadily and we're going through a transition phase |
| 0:42.6 | where the masses still believe in the institutions and were caught in this shelling point, this |
| 0:47.8 | coordination point for the institutions. |
| 0:49.5 | How do I know if I should hire you? |
| 0:50.7 | Will you even diploma from Harvard? |
| 0:52.3 | I know it's not as good as it used to be. |
| 0:53.9 | I know Harvard, humanity's diploma is probably nonsense at this point. |
| 0:57.6 | But I don't have any other credibility metric to filter you and I need to do it in an efficient |
| 1:02.2 | way. |
| 1:03.2 | What we're seeing is the transition of power from institutions to individuals but it's |
| 1:07.0 | going to be a messy, it's going to take a couple of generations or at least age generation. |
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