Jim Rogers, “Well in my new book, Street Smarts: Adventures on the Road and in the Markets, I explain why many schools now are going to go bankrupt—why American education is going to see some starving, some shocking bankruptcies coming out of American tertiary education—and business school is certainly not much use, I was once a full professor in an Ivy League business school (Columbia GBS), and I will tell you, Jeff Macke, most of what goes on is not very useful at all, except to the professors. They charge huge amounts of money. They teach a lot of conventional wisdom, so the kids who come out, come out in the hole financially but also knowledge-wise; their peers who went to work are way ahead of them financially after two years, but secondly knowledge-wise, too, because a lot of what they teach in business school is flat-out wrong.
These poor kids have to unlearn it and start over. In my view, if you do your own work and teach yourself or start with what you know, you will come out way, way, way ahead of going to business school. I consider business school a complete waste of time, money, energy, and everything else. I’ll tell you what, Jeff, you go down and short soybeans one day, you will learn more in the first six weeks than you will learn in 10 years at any business school. The Internet and real life is a fast way to learn, if your are really interests (Source: pages 26-27 in Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse).
Why You Win or Lose: WHY_YOU_WIN_or_LOSE_Fred_Kelly (1)
A short synopsis of the 1930 contrarian classic.
http://glennchan.wordpress.com/2014/06/14/insider-ownership-is-overrated/#comment-1882
Via CSInvesting
