College isn't just "not worth it", unfortunately, it's a negative.

cdcaveman · Aug 13, 2012

Quote from wilburbear:

i like this. and the one you posted just before this.

you should start a blog. luv it that u sold drugs and learned a lot there. i got an mba from a top school but helped steal a car once when i lived in the 'hood.

hahahaha... I LOVE IT.. its funny how when you have lived as a different kind of person at one time.. the risk you take in the market is NOTHING... MBA's are great to the people that are hiring you that value them.. i'm going to get one.. and the whole way through i'm going to right obnoxious papers about whatever the fuck i want.... i'm working on a blog in the long run... i don't wanna be a sell out though like all the rest that don't make it in the trading world.. those who can't do teach.. those who can't trade sell tradiing strategies, seminars.. etc.. etc.. i'm gonna rip down historical options data into a mysql db then dynamically update flash charts with it.. on some not so typical shit.. heat mapped open interest changes and related underlying movements out into the term structure.. or just some straight maps of IV at opex... a trade journal.. and just some more of my fucked up noise that comes out of my brain.. i love that whole deal i read somewhere.. about how much more information we have to trade with these days but the retail trader isn't getting any more successful.... more and more information.. less and less out of it ... this is a good quote from my fav author..

"The mind can be a wonderful tool for self-delusion Ã¢â¬âit was not
designed to deal with complexity and nonlinear uncertainties.
Counter to the common discourse, more information means more
delusions: our detection of false patterns is growing faster and faster
as a side effect of modernity and the information age: there is this
mismatch between the messy randomness of the information-rich
current world with complex interactions and our intuitions of events,
derived in a simpler ancestral habitat Ã¢â¬âour mental architecture is at
an increased mismatch with the world in which we live."

BlueTurtle · Aug 13, 2012

Quote from cdcaveman:

in this life.. you make your own way... the educational system is sold to the public as a security blanket for their financial insecurities.. Financial insecurities have nothing to do with finance.. they are a manifestation of a bad self esteem.. i agree with you totally... the public has been spoon fed credit, a high standard of living, and the expectation of instant gratification.. any entrepreneur knows that most opportunity is missed because it is dressed up in overalls and looks like work! plus most people are lazy.. they see a complexity hurdle and they cower. people don't really wanna know the mechanics of how things work or be instrumental in adding value to them... they just wanna get back to being given shit! this whole "lets finish what we started" Obama ideology is going to work.. people are stupid!

this only sounds good, but it's pretty meaningless. OK, so don't go to college? But what if I want to be a doctor? Skip medical school and learn on my own, like an entrepreneur? Or what if I want to be a professor? Or dean of a college?

I can say the same useless stuff, An entrepreneur knows what won't work, and therefore most fail because they are afraid of their own insecurities. Entrepreneurs are bad salesman, because they can't have a normal conversation with someone holding a college degree. They are continually afraid of the question, "Oh, where did you go to school?"

This whole "don't go to college and try to make it on your own" mentality is stupid. The average person without a college degree makes way less money, and many more get a divorce, have drug problems, and end up in prison.

murray t turtle · Aug 13, 2012

Quote from wilburbear:

Had lunch with a guy this weekend, he said he wishes he just gave his kid $100,000 instead of paying it to some school and the kid still can't find a job - though the kid does know what the European capitols are.

Colleges are even a bigger negative on a relative basis. Now there's this for young people:

http://www.upstart.com/

========
I see your points,W bear;
& would agree with much of it. Too bad about the capital of Greece....Iceland...Cool.

Markets can be tricky;
Bill Gates dropped out of college, but only borrowwed $50,000 from his Dad,LOL

Wisdom is profitable to direct.

King ''wisdom''Solomon never went to college;
but the worlds record maker & holder of wealth,
did lifelong learning.So as you imply, 4 years of college is a smalll sample.LOL

cdcaveman · Aug 13, 2012

Quote from BlueTurtle:

this only sounds good, but it's pretty meaningless. OK, so don't go to college? But what if I want to be a doctor? Skip medical school and learn on my own, like an entrepreneur? Or what if I want to be a professor? Or dean of a college?

I can say the same useless stuff, An entrepreneur knows what won't work, and therefore most fail because they are afraid of their own insecurities. Entrepreneurs are bad salesman, because they can't have a normal conversation with someone holding a college degree. They are continually afraid of the question, "Oh, where did you go to school?"

This whole "don't go to college and try to make it on your own" mentality is stupid. The average person without a college degree makes way less money, and many more get a divorce, have drug problems, and end up in prison.

well i guess i have divorce and prison ahead of me if i don't get back into school quick! thanks for the advice! haha you can take it to the more obvious extremity if you want.. IE how does one be a doctor without school... but the gist of what i'm saying you obviously don't like.. i get that.. these days anyways people are looking for experience.. every suckers gotta degree.. .... hay whatever beliefs you have that make you feel better about your life .. great.. i don't wanna rock your boat buddy.. cause i'm sure i'll be in prison and worthless soon considering my lack of formal education.. that or i might just slit my wrists the next time someone asks me where i went to college.. haha

cdcaveman · Aug 13, 2012

hey.. and i've learned more about differential equations and probability theory in a few books and experience on the street more then i'll ever learn in this satistics class i'm about to take.. i just looked at the book.. first chapter.. "remove outliers" to get a normal distro.. yeah cause i mean the outliers are totally not worth considering in the linear world of academia.. i'm a fucking pill of a student haha

BlueTurtle · Aug 13, 2012

Quote from cdcaveman:

hey.. and i've learned more about differential equations and probability theory in a few books and experience on the street more then i'll ever learn in this satistics class i'm about to take.. i just looked at the book.. first chapter.. "remove outliers" to get a normal distro.. yeah cause i mean the outliers are totally not worth considering in the linear world of academia.. i'm a fucking pill of a student haha

LOL.

that is funny.

I think you will be fine, so now you can sleep well tonight.

OK, I'm using a computer I just jacked from some gang bangers in east compton and I got bullets flying over my head......

They don't teach you how to handle this during "Self-Defense 101"

gmst · Aug 13, 2012

Quote from d08:

Most college educated people will defend their decision, as will most who aren't college educated.
College would be worth it if it was really about intense studying, right now most of the time is "wasted" on partying, needless paperwork, formatting and socializing.
Not all colleges are like that but certainly most.