I don't disagree. But this doesn't negate Thiels experiment and line of reasoning.
Peter Thiel Gives 20 Teenagers $100K Each to Skip College
- Thread starter pikachu9
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I don't disagree. But this doesn't negate Thiels experiment and line of reasoning.
I didn't understand why you referenced the article. It states several times those with college educations are better than those who don't.
How many hedgefunds do you allocate to where the manager/CIO didn't go to college?
Yes for now--- but the trend is shifting
I'm not anti college--- just anti college for many who attend who would be better served elsewhere. . Here's my takeaway from the article--- the trend is away from science/math per the study.
The âsupplyâ case hinges on the notion that the working world is getting more complicated and demanding. âComplexity has opened a great divide between those who have mastered its requirements and those who havenât,â Brink Lindsey, a senior fellow at the Cato Institute and the Kauffman Foundation, argues in a new book, Human Capitalism. The economistsâ term of art for this is âskill-based technical change.â
But an emphasis on workersâ deficiencies can morph into a blame-the-victim mentality. And itâs not the whole storyâfar from it. A new study by three Canadian economists says that todayâs jobs donât require more smarts than jobs of the recent past. As shown in the adjoining chart, the researchers found that the average âcognitive contentâ of tasks performed by employed college graduates of all ages peaked in 2000 and has dropped fairly steadily since. The study is by Paul Beaudry and David Green of the University of British Columbia and Benjamin Sand of York University in Toronto. In the same vein, the Conference Board, a company-supported research organization, recently found that since 2000 the importance of math and science skills in jobs declined, while social skills became more important.
But she fell ass-backward into it. Theil did not. You sorta just proved my point, ironically.
What logical fallacy is that? I support Theil. Most of the geniuses on this thread (including you, perhaps?), rip him
Mr. Thiel has an idea for addressing a nation building problem from a gambler mentality. As you also know, Wall Street is not the real economy! Yeah, let's see how soon his idea would turn US into a banana republic. you bet one of these 22 geniuses could come up with a brilliant idea for franchising stores aross US to sell weeds and marijuana. 
no one can forbid a rich man from having a dumb idea (due to one's vanity perhaps).
to build a great economy like US as you've seen it, it takes real skills, hard work, effort from many people to address real life big problems fundamentally or else US wouldn't have these great companies like Intel, Texas Instruments, Qualcomm, Monsanto, Dupont, Merck, Oracle, NASA, Boeing, Lockheed Martin,... that Mr. Thiel can bet on.
no one can forbid a rich man from having a dumb idea (due to one's vanity perhaps).
to build a great economy like US as you've seen it, it takes real skills, hard work, effort from many people to address real life big problems fundamentally or else US wouldn't have these great companies like Intel, Texas Instruments, Qualcomm, Monsanto, Dupont, Merck, Oracle, NASA, Boeing, Lockheed Martin,... that Mr. Thiel can bet on.
No, you're right. Theil is *just like* Paris Hilton. How stupid of me....
What about Henry Ford?