Was there a moment where you realized that the path that you were on, even though it looked successful, wasn't actually where you wanted to keep going?

Yes.

So let me give you two pivot points.

So for close to 20 years, I was a research academic.

I got very good at that.

I taught classes, but I was a straight ahead professor in the political science department.

But I got to the place where it was just diminishing psychological returns to me to write the next journal article.

What does it mean for our society? What does it mean for our children and their future career opportunities? How do you address that concern?

How does that leave your view on undergraduate versus graduate education?

So let me answer that question only in the business school context and then maybe generalize it.

I do think that the traditional model in the US at least, the one that you knew about when you went to Wharton, I think that model is changing.

That model was do a very broad-based liberal arts degree and then three years later, five years later, go back and get an MBA or become a doctor or a lawyer or whatever it was, right? Broad-based undergraduate, job-oriented graduate degree.

I think there are two forces that are reducing that distance and putting pressure to do it all at once.

The first one is the one I've already mentioned, which is undergraduate education is really, really expensive and not a lot of people can afford to spend four years just finding themselves.

We have a responsibility to undergraduates to help them launch the next stage of their lives.

It didn't make any economic sense not to buy one.