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  • And in the great tradition of these speeches,

  • generally what happens is the speaker says something along the lines of you need to chase your dreams.

  • But I'm not going to say that because I don't believe it.

  • Inception had something to say about this.

  • Uh, and I apologize to those of you who haven't seen it, because I'm about to spoil the ending of it for you.

  • But at the end of the film, there's a spinning top that's spinning and if it falls or doesn't fall

  • is the key idea. Is it a dream? Is it a reality?

  • And the way the end of that film worked, Leonardo DiCaprio's character, Cobb, he was off with his kids, he was in his own subjective reality,

  • and didn't really care anymore, and that makes a statement that perhaps all levels of reality are equally valid.

  • The camera moves over to the spinning top and just before the spinning top appears to be wobbling, there's a cut to black,

  • and I skip out of the back of the theater before people catch me.

  • And there's a very, very strong reaction from the audience, uh, usually a bit of a groan, but, um,

  • but the point is, objectively, it matters to the audience in absolute terms, even though what they're watching is a fiction, is its own virtual reality.

  • But the question of whether that's a dream or whether it's real, is the one I've been asked the most about any of the the films I've made.

  • It matters to people enormously, and that's the point about reality. Reality matters.

  • It's time for something of a reframing and it's something that your generation could do that my generation can't.

  • We are firmly embedded in the belief that we have changed the world in all kinds of incredible ways.

  • And we have all kinds of ways of selling this to you and you know, we use fancy words, like disruption, um, which is essentially a form of sort of economic nihilism whereby,

  • you you judge the value of a company by how much it can stop other companies making money, rather than what they actually make themselves.

  • That's there for those of you going into finance by the way, just trying to lay a little groundwork there.

  • And we use words, slippery words, uh, like algorithm, okay?

  • Now if you hear someone use the word algorithm and they're not a mathematics professor or a computer scientist, they're probably trying to obscure what it is they actually do, what their company does.

  • At the very least, they're trying to evade any responsibility for what it is that their company does or what it actually does.

  • Oscar Wilde once said, the old believe everything, the middle-aged suspect everything, the young know everything.

  • You do know everything.

  • Uh, I'm clearly in my suspicious phase.

  • And I'd love to impart some of that to you because I think there's an enormous amount of work to be done, and in the great tradition of these speeches, I don't have to tell you how to do it.

  • I just have to tell you that it's your problem now.

  • And in the great tradition of these speeches, generally what happens is the speaker says something along the lines of you need to chase your dreams.

  • But I'm not going to say that because I don't believe it. I don't want you to chase your dreams.

  • I want you to chase your reality, and I want you to understand that you chase your reality not at the expense of your dreams,

  • but as the foundation of your dreams.

  • It's very, very important that you take the elevator position

  • that you have achieved over these four years, the advantage is that this fantastic education is conferred on you.

  • And you do everything you can with it to improve the world, to improve reality.

  • In whatever field you're going off to work in, I think looking at fundamentals, looking at how people are really affected by what you do.

  • Uh, I think you have limitless potential.

And in the great tradition of these speeches,

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