Why I question that...(part 1)
You Don't Need An Education to Get Rich?
New York Times article by Louise Story, offers a variation on the theme. It says that with so many quant whizzes getting rich at hedge funds and private equity firms, many of today's best and brightest -- or at least the mathematically gifted -- are skipping M.B.A.'s and going straight to the trading desk.
There is no doubt that the article suggests education isn't really everything, but not much of a lesson either. Not only the connection between education and wealth breaking apart but the Plato quote dating 427 BC as well. Why? As per his words a hero is born among a hundred, a wise man is found among a thousand, but an accomplished one might not be found even among a hundred thousand men. The most probably a hedge-funders here are heroes with a short shelf life, too.
Undoubtedly, a kind of panacea I wouldn't take counsel, albeit their apparent skills. Consequently, one might question their attitude, too.
Comments: View Comments | Tuesday September 18, 2007
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Archive Comments (1)
The Times article should have said "You Don't Need A Formal Education to Get Rich". Not only can a talented money manager or entrepreneur do OK without an MBA but a brilliant computer programmer, also, can make it without the degrees. Programming is like Olympic sports. People don't care about the degrees you have; they want to see what you can do. Especially today with the resources available on the Internet a dedicated, self-disciplined person can study and gain the needed knowledge on their own. However, I would encourage young people to stay in classes if they can afford it because that's generally the fastest, most efficient way to gain knowledge. For those few who have gone beyond what their institution has to offer -- well, they need to seek out a different university.
Posted by toroandbruin September 20, 2007 11:49 AM