Welcome to the 127th episode of Copy time. This is a special one as it comprises something from yours. Truly. I recently spoke to the students of Yale and Us college at their graduation. To me, this was an honor like no other as a strong supporter of liberal arts education, I see these brilliant graduates as our agents of change and understanding of this world undergoing major disruptions.

Welcome to the 127th episode of Copy time. This is a special one as it comprises something from yours. Truly. I recently spoke to the students of Yale and Us college at their graduation. To me, this was an honor like no other as a strong supporter of liberal arts education, I see these brilliant graduates as our agents of change and understanding of this world undergoing major disruptions.

I thought long and hard as I prepared for this speech as there were conflicting imperatives to consider a message of hope was warranted, but one couldn't be oblivious of the sometimes disputing reality out there.

I thought long and hard as I prepared for this speech as there were conflicting imperatives to consider a message of hope was warranted, but one couldn't be oblivious of the sometimes disputing reality out there.

So here goes my commencement speech for Yale and graduating class of 2024 delivered on the 17th of

So here goes my commencement speech for Yale and graduating class of 2024 delivered on the 17th of

May.

May.

Distinguished guests. We will now introduce our graduation speaker, Dr Taur be Dr Taur Bake holds a phd in Economics from the University of Illinois at Urbana Champaign. He attended the London School of Economics and Wabash College for his Bachelor of Arts in Economics. Dr Bake currently heads Global Economics at D BS Group Research. He also advises the bank on risk management and investment strategy

Distinguished guests. We will now introduce our graduation speaker, Dr Taur be Dr Taur Bake holds a phd in Economics from the University of Illinois at Urbana Champaign. He attended the London School of Economics and Wabash College for his Bachelor of Arts in Economics. Dr Bake currently heads Global Economics at D BS Group Research. He also advises the bank on risk management and investment strategy

prior to D Bs Dr Bake was a principal economist at the Economic Policy Group Monetary Authority of Singapore. And he has also held positions at Deutsche Bank, Singapore and the International Monetary Fund.

prior to D Bs Dr Bake was a principal economist at the Economic Policy Group Monetary Authority of Singapore. And he has also held positions at Deutsche Bank, Singapore and the International Monetary Fund.

Big has published extensively for both specialists and a general audience on areas including monetary policy, digital currency, financial technology, climate change, demographics, frontier markets, fiscal policy efficacy, and financial market contagion. He is the host of Copy Time, a widely followed podcast series on markets and economies.

Big has published extensively for both specialists and a general audience on areas including monetary policy, digital currency, financial technology, climate change, demographics, frontier markets, fiscal policy efficacy, and financial market contagion. He is the host of Copy Time, a widely followed podcast series on markets and economies.

We will now invite doctor Big to address the graduating class. Doctor Big please,

We will now invite doctor Big to address the graduating class. Doctor Big please,

madam Kwok, chair of the Yale N US governing board members of the Yale N US governing board, President Aaron THN, Deputy President of Academic Affairs and Provost of NUS Professor Joanne Roberts, President of Yale NUS college families, Yale nus community, friends and dear graduates.

madam Kwok, chair of the Yale N US governing board members of the Yale N US governing board, President Aaron THN, Deputy President of Academic Affairs and Provost of NUS Professor Joanne Roberts, President of Yale NUS college families, Yale nus community, friends and dear graduates.

Most of you were the class of 2020 at high school

Most of you were the class of 2020 at high school

in the middle of a once in a generation pandemic which disrupted your graduation

in the middle of a once in a generation pandemic which disrupted your graduation

today. As the Yale and us graduating class of 2024 your lives are not disrupted mercifully,

today. As the Yale and us graduating class of 2024 your lives are not disrupted mercifully,

but I think it will be tone deaf of us. Not to recognize that there are others in this world, in the Middle East, in Ukraine, in the United States who will not be enjoying a graduation like yours

but I think it will be tone deaf of us. Not to recognize that there are others in this world, in the Middle East, in Ukraine, in the United States who will not be enjoying a graduation like yours

graduates. This is a heavy realization as we travel through life. Moments of celebration and triumph are invariably juxtaposed with sorrow, loss and sadness elsewhere at your highest highs and your lowest lows know that there are others with a very different luck of the draw.

graduates. This is a heavy realization as we travel through life. Moments of celebration and triumph are invariably juxtaposed with sorrow, loss and sadness elsewhere at your highest highs and your lowest lows know that there are others with a very different luck of the draw.

Recognizing that life's peaks and valleys are inevitable, can be liberating

Recognizing that life's peaks and valleys are inevitable, can be liberating

it underscores the line. Nothing lasts forever.

it underscores the line. Nothing lasts forever.

I think it also makes us less self complacent,

I think it also makes us less self complacent,

less territorial and possessive,

less territorial and possessive,

more humble and open to experiencing the other the next.

more humble and open to experiencing the other the next.

And perhaps along these lines, more open to experiments. I want to explore the wisdom of experience in the rest of this talk.

And perhaps along these lines, more open to experiments. I want to explore the wisdom of experience in the rest of this talk.

Experiments can be scientific or social public or personal. You can experiment with a business plan, a diet, a workout, a critical query. A just to see if hearing someone else could make your life or our lives richer just by opening up to their different perspective.

Experiments can be scientific or social public or personal. You can experiment with a business plan, a diet, a workout, a critical query. A just to see if hearing someone else could make your life or our lives richer just by opening up to their different perspective.

Uh I think just the idea of hanging out with students from different major is an experiment during my graduate school days. That very experiment led to my life partner

Uh I think just the idea of hanging out with students from different major is an experiment during my graduate school days. That very experiment led to my life partner

reaching out to those from different religions, political persuasion, culture or lifestyle and seeing if their company and proximity makes our lives richer or more joyous to me is an experiment.

reaching out to those from different religions, political persuasion, culture or lifestyle and seeing if their company and proximity makes our lives richer or more joyous to me is an experiment.

If our mutual humanity can transcend our differences. These are experiments for the rest of your lives and they will matter much more now as you enter higher education or jobs.

If our mutual humanity can transcend our differences. These are experiments for the rest of your lives and they will matter much more now as you enter higher education or jobs.

If you're a scientist, your vocation is largely about testing hypothesis through experiments but surely that's not where it ends. America is an ongoing experiment. Singapore is an experiment Yale Nus has been an experiment.

If you're a scientist, your vocation is largely about testing hypothesis through experiments but surely that's not where it ends. America is an ongoing experiment. Singapore is an experiment Yale Nus has been an experiment.

Every new ideas worth is tested through experiments. Is it possible to send humans to the moon and back? Let's experiment. Let's try.

Every new ideas worth is tested through experiments. Is it possible to send humans to the moon and back? Let's experiment. Let's try.

Is it possible to have a thriving multicultural, multi racial society? Let's experiment. And if it fails, try again,

Is it possible to have a thriving multicultural, multi racial society? Let's experiment. And if it fails, try again,

some pursuits can follow the path of Thomas Edison, noisy and full of stumbles. But at the end marked by glorious achievements to paraphrase Edison, he never failed. He just successfully found the numerous ways that experiment would not work.

some pursuits can follow the path of Thomas Edison, noisy and full of stumbles. But at the end marked by glorious achievements to paraphrase Edison, he never failed. He just successfully found the numerous ways that experiment would not work.

Some experiments can be spectacularly successful over a short period of time. Thanks to luck serendipity or a stroke of genius. I wish you have those. But I also know for the most of you that will not be the case.

Some experiments can be spectacularly successful over a short period of time. Thanks to luck serendipity or a stroke of genius. I wish you have those. But I also know for the most of you that will not be the case.

My hope is in fact that you leave this campus with the grit necessary to follow Edison's path and don't shy away from your dreams at the 1st, 2nd or even the third pitfall.

My hope is in fact that you leave this campus with the grit necessary to follow Edison's path and don't shy away from your dreams at the 1st, 2nd or even the third pitfall.

Your exceptionally fortunate time here at and us in my view has been an experiment of lifetime.

Your exceptionally fortunate time here at and us in my view has been an experiment of lifetime.

You could have gone to so many other places. But aren't you gratified that you came here? Reflecting on President Roberts's words, this place has hopefully instilled in you the patience, perseverance and sense of community critically needed to help make a difference.

You could have gone to so many other places. But aren't you gratified that you came here? Reflecting on President Roberts's words, this place has hopefully instilled in you the patience, perseverance and sense of community critically needed to help make a difference.

This beautiful campus, this dedicated amazing faculty,

This beautiful campus, this dedicated amazing faculty,

these facilities, they have nourished you over the last four years that experiment of liberal arts in the heart of Singapore has been a resounding success. You made that happen, the legacy of this institution will never fade.

these facilities, they have nourished you over the last four years that experiment of liberal arts in the heart of Singapore has been a resounding success. You made that happen, the legacy of this institution will never fade.

So let's embrace uncertainty. Let's stand up against the fear of failure. Let's move forward, secure in the conviction that your time here has provided you with the values and intellectual mettle to take on the world.

So let's embrace uncertainty. Let's stand up against the fear of failure. Let's move forward, secure in the conviction that your time here has provided you with the values and intellectual mettle to take on the world.

We can write down an endless list of woes that afflict our planet. Let them be your problems to solve with your curiosity, empathy and knowledge. Let the experiments begin. Congratulations. Class of 2024.

We can write down an endless list of woes that afflict our planet. Let them be your problems to solve with your curiosity, empathy and knowledge. Let the experiments begin. Congratulations. Class of 2024.

Well, that's that. Thanks to our listeners. Copy Time was produced by Ken Delbridge Violet, Lee and Daisy Sharma provided additional assistance. It is for information only and does not comprise any investment advice. All 127 episodes of Kobe Time are available on youtube as well as on the podcast platforms of Apple and Spotify. As for our research publications and webinars. You can find them all by Googling DVF Research Library. Have a great day.

Well, that's that. Thanks to our listeners. Copy Time was produced by Ken Delbridge Violet, Lee and Daisy Sharma provided additional assistance. It is for information only and does not comprise any investment advice. All 127 episodes of Kobe Time are available on youtube as well as on the podcast platforms of Apple and Spotify. As for our research publications and webinars. You can find them all by Googling DVF Research Library. Have a great day.