Here is what we have been saying for years: “We are not
against college but question many of the long held assumptions about it. We
think too many attend, too much is spent on it and that students are under the
mistaken belief that all college degrees bestow the same benefits. And when
students, parents and governments borrow recklessly to finance it, we have a
huge problem.”
This article from the Economist GETS IT! YES!!
College can be valuable – at the right price and if one
studies subjects that the market place demands and needs.
The market demands few college graduates with
degrees in Gender Studies, Sociology, Psychology, English and History. But the
market is demanding grads in Electrical Engineering, Petroleum Engineering, and
Network Security.
This author is one of the few that makes three great points:
1) Not all college education bestows the same
benefits.
2) If one graduates with substantial student debt,
the individual is frequently reducing her opportunities rather than expanding
them.
3) College grads on average have higher IQs than
high school drop outs. So the figures that compare the relative financial performance
of the two groups should adjust for relative potential and not attribute all
the extra earnings to college.
Make sure and download a copy of Lucky and Good: Risk, Decisions and Bets for
Investors, Traders and Entrepreneurs.
Make sure and download a copy of Lucky and Good: Risk, Decisions and Bets for
Investors, Traders and Entrepreneurs.
