Institutions are biography compressors. When somebody asks for my story in a context where I have to actually answer non-flippantly, every non-institutional year of my life adds about a minute to my story, but every institutional year can be efficiently explained in 10 seconds.
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Titles are the ultimate compressors. "Professor" or "VP of Sales" communicates entire volumes. Super shorthand. To communicate free-agent life content equivalent to "I am a professor at X university" (3 seconds) would take me like 3 minutes.
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