I disagree pension--- plenty of business people are middle class and higher without formal education. It's not an either or situation.
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Peter Thiel Gives 20 Teenagers $100K Each to Skip College
- Thread starter pikachu9
- Start date
Quote from marketsurfer:
I don't believe I reaffirmed your point-- this is a niche investment. It's not for everyone just like college isn't for everyone-- particullarly the creatively gifted and visionary types. By the same logic college is perfect for the conformist MBA or hard science types for now.
What you're ultimately investing in is not the phenomenon that college is unnecessary, it's the selection mechanism itself: i.e., Thiel and a highly-selective, savvy, advanced-degree-educated, well-funded support system that could probably incubate any promising idea into profitability.
Anything small and discrete is a "niche." Yay for tautologies. The question at stake is: would this niche be more profitable than investing in the FourSquares and Googles and Twitters created by actual grads, with their Stanford CS 106 connections, top-notch professors, and creative learning environments? Again, why is Silicon Valley located where it is? Where did Elon Musk or Peter Thiel get their educations?
If your premise is "yes," then your position is that college would only hurt such entrepreneurs' chances. Statistics do not bear that out, so in the end it's just an ideological gambit.
In hindsight, I think surfer would have been the world richest man had his parents didn't make him go through kindergarten. lol
Quote from Pension_Admin:
In hindsight, I think surfer would have been the world richest man had his parents didn't make him go through kindergarten. lol
Early School did kick the shit out of my spirit. Non traditional education would have been much better for me, but my parents are major conformists regarding such things.
Quote from Samsara:
What you're ultimately investing in is not the phenomenon that college is unnecessary, it's the selection mechanism itself: i.e., Thiel and a highly-selective, savvy, advanced-degree-educated, well-funded support system that could probably incubate any promising idea into profitability.
Anything small and discrete is a "niche." Yay for tautologies. The question at stake is: would this niche be more profitable than investing in the FourSquares and Googles and Twitters created by actual grads, with their Stanford CS 106 connections, top-notch professors, and creative learning environments? Again, why is Silicon Valley located where it is? Where did Elon Musk or Peter Thiel get their educations?
If your premise is "yes," then your position is that college would only hurt such entrepreneurs' chances. Statistics do not bear that out, so in the end it's just an ideological gambit.
Excellent point-- I haven't thought in those terms--
I don't disagree with you-- within the context of your post. Peace.
Quote from Samsara:
with their Stanford CS 106 connections, top-notch professors, and creative learning environments? Again, why is Silicon Valley located where it is? Where did Elon Musk or Peter Thiel get their educations?
+1
Any research done at Stanford is owned by the researcher and not by the university. So firms like SUN and Cisco were developed by scientists at Stanford who then went on to commercialize that research. SUN stands for Stanford University Network.
Quote from Samsara:
That's wonderful. Now tell me, which do you think is higher: self-made billionaire drop-outs as a percentage of all billionaires, or self-made billionaires who graduated college as a percentage of all billionaires.
If you'd like, index both to the number of drop-outs and grads over the US population.
The NYT ran a decent article on the outcomes of start-ups created by HS and college drop outs about 3 weeks ago. I'd recommend giving it a quick read, if you can find it. Those who drop out don't stand a good chance in this society.
A more relevant question would ask billionaires how much of their college education do they use and attribute to their fortune? Probably not much. Like another guy said, theils drawing on a pool of highly intelligent self starters. Who would probably succeed either way. And that's the gem. Based on that particular demographic, college is more a hinderence than a help.
I remember back in high school, we learned a lot of craps like Shakespeare, geometry, history, etc. I only use math and accounting in my job. Does it mean high school was a hindrance? To someone who is bound to be a billionaire, it probably is, but not to me.
The question is, when do you know you are bound to be a billionaire, and just skip all those schools and educations? And how do you know you are not just being overly optimistic about your future?
The question is, when do you know you are bound to be a billionaire, and just skip all those schools and educations? And how do you know you are not just being overly optimistic about your future?
did you know when you were in high school that what you are doing for a living today is what you wanted to do when you grew up?Quote from Pension_Admin:
I remember back in high school, we learned a lot of craps like Shakespeare, geometry, history, etc. I only use math and accounting in my job. Does it mean high school was a hindrance? To someone who is bound to be a billionaire, it probably is, but not to me.
The question is, when do you know you are bound to be a billionaire, and just skip all those schools and educations? And how do you know you are not just being overly optimistic about your future?