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THE MOST SUCCESSFUL PEOPLE SAY WHY COLLEGE DEGREE IS USELESS FINAL PART | Millionaire Mind |

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THE MOST SUCCESSFUL PEOPLE SAY WHY COLLEGE DEGREE IS USELESS  FINAL PART | Millionaire Mind |


and education is very good at training
people to do the same things that we’ve done over and over again and I think
there’s always a question what the nature of the educational good is you
know you can say it’s a it’s an investment good we’re investing in the
future you can say it’s a consumption good like college before your party you
know I think most of the parents and students think of it actually as an
insurance policy where you’re buying this really ever more expensive
insurance so that the students don’t fall through the really big cracks in
our society and we should be asking some big questions why the insurance costs
are going up and up like that and if you were the president of Harvard or
Stanford if you wanted to get a lynch mob of students alumni faculty to come
after you and try to lynch you what you should say is something like this you
know we we live in this much larger more global world we offer a great education
to everybody and so we’re gonna double or triple our enrollment over the next
15 to 20 years and people would they’d all be furious because the value of the
degrees comes from this massive exclusion and and what you’re really
running is something like a studio 54 night I hate it I hated school I really
hated school I really all I hated school generally right because it was this
instruction following thing now I bet you it’s probably also because I wasn’t
good at it and some people like I’ve got a great conceptual rep memory and a
terrible rote memory so if I have a story I could tell you year by year kind
of what happened within a story within a context but if I was to go into you know
like a memory based learning it’s terrible I have a terrible memory
ego barrier is the worst thing and if we were raised differently just imagine in
the schools that all along the people will always say everybody makes mistakes
everybody has weaknesses the key is really to understand what your mistakes
and weaknesses are so that you can learn from them right I think in punishment is
it is it is a terrible concept punishment means that you made a mistake
and you’re being punished I think instead of punishment every time
somebody makes a mistake you should say the only thing that you need to do to
get out of your punishment is first think what kind of mistake was that so
if I’m in this situation that’s like that again how would I do deal with it
differently not to make that mistake so that learning should come from the
mistake not punishment because you’re teaching people not to make mistakes
where’s where the learning comes from not the appreciation that if you keep
doing this over and over again you’re going to keep encountering the same
outcomes you know it’s an extremely corrupt system we have at this point
there’s we have an education bubble in the u.s. we have a trillion dollars of
student debt to first approximation this has gone to pay for a trillion dollars
worth of lies about the value of the education people have received and and I
it’s not at all obvious yet though what’s going to what’s going to replace
this or how it’s going to change my um you know the the you know the and I’m
somewhat skeptical that it will be replaced by any sort of single unitary
system and I have this fellowship for young people to start companies and it’s
not my claim is not that everybody should do this I don’t think everyone
should be coming on I think there is no one-size-fits-all so
I think the future will be much more heterogeneous much more diverse in terms
of what people do and what’s what’s really anomalous is the sort of unitary
tracking where you have to go to an elite college you go to Yale or you go
to jail there’s nothing else you can do you know and so the the I think the
universities are perhaps and perhaps in the same place as the Catholic Church
was in 1514 if we go back 500 years where you had services monolithic way
Newton’s universal way of body of knowledge of teaching things the
difference between the Yale and the Harvard political science faculties are
probably no greater than the differences between the Dominicans and the
Franciscans we’ve all kinds of small debates within this context we are we
have a system of indulgences that’s costing more and more to support this
priestly or professorial class of people we are told that it’s the only way to
salvation you must get a diploma to be saved if you’ve not got a diploma then
you will go to hell and I think and I think the I think the the message that I
have that’s like the 16th century reformers that’s a somewhat troubling
message is that you have to work out your salvation on your own you have to
save yourself and and that’s that’s I believe that is the truth but it’s uh
it’s it’s somewhat uncomfortable what

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