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Just in terms of allocation of time resources, religion is not very efficient. There's a lot more I could be doing on a Sunday morning.
The special sphere of finance within economics is the study of allocation and deployment of economic resources, both spatially and across time, in an uncertain environment. To capture the influence and interaction of time and uncertainty effectively requires sophisticated mathematical and computational tools.
We need to save the education system. We need to remove education from the framework of the political parties that rule in the State of Israel. We need to increase the allocation of long-term national resources to education and never touch them - no matter what.
There are many challenges in the global education ecosystem: from top-down systemic issues in how educational services are organized and delivered, to bottom-up issues of curriculum effectiveness, accountability, and human resource allocation.
It's been invigorating being back on the West Coast, being at Alphabet, because there is so much innovation. And the big challenge is, how do you think about resource allocation and priorities when you have so many great options? But wearing jeans instead of suits and popping into driverless cars has also been a lot of fun.
Just in terms of allocation of time resources religion is not very efficient. There's a lot more I could be doing on a Sunday morning.
I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
In the future society, i.e. the communist society that we want to build, we are not going to establish charity institution, as there shall be no needy or poor, and no alms-giving and alms-taking.
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