Most college degrees are a waste, but more technical degrees can be lucrative. Economics comes in first, but when Fu talks economics here, she is really talking financial modeling. This can be rewarding short-term, but ultimately your equations will blow up, like they did for Long Term Capital Management and for the holders of subprime bundled paper.
The video is here.
Robert:
ReplyDeleteIs it worth it to study economics at a university or should I just continue to read Mises and Rothbard on my own? What would you do?
-Concerned highschool senior
I would recommend this book, I heard its a real hoot. http://www.amazon.com/Worthless-Indispensable-Guide-Choosing-Right/dp/1467978302/
ReplyDelete(his book about the housing collapse is also hilarious, since it gives an inside perspective on what went on in the banks)
Anonymous -
ReplyDeleteI'm doing both. What better way to combat something than by learning it from inside?
Do as many CLEP tests (these can test you into 30 credit hours for about $30 each in under 30 hours) as you can to make things easier on you, most people don't know about them.
Cheers.