<p>Every so often these articles come out, and they are completely useless. Of course, the son of a hedge fund manager probably could skip college and run his own business. He’s been steeped in the world of finance from birth, given access to the best of educations, and unless his parents keep him away from all normal society, he’s got a wide network of contacts to draw on, all of whom know and trust him, and most of whom are extremely wealthy. </p>
<p>Most kids aren’t like that. They don’t have the maturity to manage and grow a large investment, they don’t have the contacts to help them invest it in a business start up, and what happens if the market crashes or their business fails and they lose it all? They have no college degree to start over on, and no money to earn any kind of higher education certificate. They would just get taken for a ride. </p>
<p>If college education is a “scam” this just seems like another scam to replace the tyranny of degrees with the tryanny of hedge fund and other financial managers, who would undoubtedly see their businesses grow if every college student in America was told to invest their educational savings or better yet, have someone invest it for you.</p>