college is a waste of money

[lawrence-lugar]

Sounds like you're assessing the value of degrees only in terms of future employment and earning power, then?
That's not my perspective or frame of reference at all

I think of the value of formal education
as being more for what remains with you

Europeans are much more...worldly...and live life slowly, and culturally.
While Americans are much more direct to business, bottom line, hurried only. Boom-Shaka-Laka in your face culture.
I'm generalizing...with mainly only the important/popular Europeans like British, Germany and France and Italy. (not the craphole broken down one's)

I would have to agree with Clubber Lang's view though.
No one attends college...to become a 'well-rounded' earthly person.
We're mainly there for the future, the future of ourselves and money. . .

Alot of jobs don't truly need college degrees, even though they state they need/require them.
Any half-brain dead human being can do those, given enough simple training time.
College conditions you to become a cog in a wheel machine.

The most successful people have broken away from that mold, or mindset. and took their destiny to another level.
2018. ET, extraterrestrial traders...all the best,

 

[RRY16]

Europeans are much more...worldly...and live life slowly, and culturally.
While Americans are much more direct to business, bottom line, hurried only.

I would have to agree with Clubber Lang's view though.

Been around Eastern Euros much?

 

[Sig]

Sounds like you're assessing the value of degrees only in terms of future employment and earning power, then?

That's not my perspective or frame of reference at all.

I think of the value of formal education (other than for vocational courses like law/medicine, of course) as being more for what remains with you, long after what you've learned has mostly been forgotten, and the fact that you have letters after your name isn't really relevant at all.

Of course you're right on here and I agree completely. The funny thing is, as you see in the replies here, there is a subset of people who are completely unable to see life in anything but a transactional manner. Which is sad for them, so much more to life than "payback".

 

[DeltaRisk]

http://www.businessinsider.com/is-college-a-waste-of-time-and-money-bryan-caplan-2018-2
https://nypost.com/2018/03/10/the-5-worst-things-about-colleges-in-america/
https://www.forbes.com/sites/neilpa...regret-in-life-going-to-college/#4ac2b5f01ac7
specifically for traders is college worthwhile or a waste of time and money?

It is a double edged sword. On one hand, you have university educated elite who have connections including the state school graduates. On the other hand, you have self learning entrepreneurship.

Most of the former class will graduate and earn 100k plus, the latter will produce billionaires. That is certain, but at what cost? .0001%

Anyone can come out of no where and become a billionaire, it’s not surprising.
But, without the right connections it becomes exponentially more difficult.

Capital has always been the difference.

 

[Sig]

Brown v Board.
"Evolution is one of many theories"
Multicultural experience requirements
Pick you argument over civil war monuments (not to take a side, but you point out the at you're "indoctrinated" to have a very reduced, simplistic view of either given set of causes of the war)
Remedial math courses on college campuses
Foreign languages that must be taught in English by law (in public schools)

In what way is the US superior, on an empirical level, to any other nation's education? Or even remotely equitable with any nation that compares economically. Other than expense, of course.

Sure are a lot of people from around the world knocking down the doors to go to college in the U.S. Not so much the case for anywhere else except a couple of European countries. Revealed preference is a concept you learn about in college, funny enough. Turns out it's one of the most reliable indicators of the overall value of something. Give me a choice of hiring a graduate of an IIT or Tsinghua and a graduate of MIT or Stanford or Michigan and I'll pick the liberal arts, multicultural U.S. educated person every time (I've hired both). Turns out that the non core major skills are what make the difference between an solid worker and significant contributor to the business. So whatever liberal bullshit they're feeding kids these days at university, keep on doing it. There's far more to success than technical skills.

 

[newwurldmn]

It is a double edged sword. On one hand, you have university educated elite who have connections including the state school graduates. On the other hand, you have self learning entrepreneurship.

Most of the former class will graduate and earn 100k plus, the latter will produce billionaires. That is certain, but at what cost? .0001%

Anyone can come out of no where and become a billionaire, it’s not surprising.
But, without the right connections it becomes exponentially more difficult.

Capital has always been the difference.

There are no billionaires who have graduated college?

 

[newwurldmn]

Of course you're right on here and I agree completely. The funny thing is, as you see in the replies here, there is a subset of people who are completely unable to see life in anything but a transactional manner. Which is sad for them, so much more to life than "payback".

if you look at the world purely transactionally then college is an even more obvious choice. There are many studies that show college graduates earn more and I have not seen a single study that shows college reduces entrepreneurship.

 

[Xela]

There are no billionaires who have graduated college?

Plenty, as you know ... but one usually hears (in such discussions) about Bill Gates and Mark Zuckerberg, who are advanced as "examples of hugely successful people who never graduated college".

(Obviously this "reasoning" is totally missing the two key points that (a) they're both people with a previous educational background which got them into Harvard in the first place, and (b) you hear about them specifically because they're prominent exceptions to the rule ... the reality being that there's still a huge worldwide correlation between graduating college and future income - and that's even for people narrow-minded enough to choose to look at it only in financial terms.)

 

[Sig]

if you look at the world purely transactionally then college is an even more obvious choice. There are many studies that show college graduates earn more and I have not seen a single study that shows college reduces entrepreneurship.

For sure, although one could argue that someone who gets a marine biology degree and spends the next 20 years making $30k a year diving every day in Belize didn't "get their money worth" from their college education given they could have apprenticed as a plumber in Topeka and be making a lot more. And oddly enough some people do argue that. Of course those are generally the people who didn't make it far from Topeka.

 

[smallfil]

Most college degrees nowadays are useless. I remember a couple of my communist professors in College were telling me the US was evil. Except, those idiots were holding US passports? It ends their credibility when they are that stupid! Even now, socialists, communists, islamists in the Federal government telling us about the evils of capitalism while, enriching themselves getting paid to spread their drivel! If you were to take out a $100,000 loan, educate yourself to be a good trader and try starting a small business. Watch Robert Kiyosaki's videos on You Tube. He explains why you do not want to be an employee or a doctor. You pay too much in taxes. Be a business owner or investor.