Your Choice of University Is Key, Short Version

In case you didn’t believe my earlier ramblings, here’s the short version:

A small group of schools account for a disproportionate amount of billionaire education. Just 20 universities and colleges account for 52% of the billionaire graduates while 182 schools count for the remainder.

Via Yahoo Finance.

1 Comment so far

  1. Daniel Lemire on June 4th, 2008

    Of course, it does.

    There is causality. And then, there is correlation. And they are very different concepts.

    Suppose that just 20 golf courses are visited by 50% of the billionaires, that’s probably true by the way, then does it follow that visiting these golf courses make you a billionaire?

    No. Of course not!

    Now. **Obviously** the rich folks will send their kids to Harvard, not to the locate State University.

    Similarly, here is a list of famous drop-outs…

    Mark Zuckerberg - Facebook
    Bill Gates - Microsoft
    Steve Jobs - Apple
    Michael Dell - Dell
    Larry Ellison - Oracle
    Mike Lazaridis - Blackberry
    Shawn Fanning - Napster
    Blake Ross - Firefox

    Does it mean that if I drop out, I will go on to by a tech God? Absolutely not. There is a correlation, between becoming a tech. God and dropping out of an academic program. I could tell you all about why I think that this is not unexpected.

    Maybe we can go and see what a tech. guru like Paul Graham thinks:

    “It may not matter all that much where you go to college.”

    http://www.paulgraham.com/colleges.html

    Have you read carefully his arguments? Basically, a prestigious university will help you get a good job in a large company (say Yahoo!), but it will not make you smarter.

    Disclaimer: I am a graduate of the University of Toronto and the University of Montreal (Ecole Polytechnique) both of them are pretty prestigious schools.

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