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I agree. This advice would seem a lot more credible coming from someone who doesn’t stand to benefit from people following it.</p>
<p>Also, leaving aside the whole issue of the intrinsic value of education, I see a Ponzi-scheme problem in Altucher’s argument: where did the parents get the money that he wants them to invest in his hedge fund rather than in a college education? From another hedge fund investment? And so on ad infinitum? At some point our economy has to be based on people who make their living actually producing and exchanging goods and services, rather than just playing games with money. And those kinds of jobs will often (though not always) require an advanced education. Maybe the parents who send their kids to college are suckers, but without those suckers, there would soon be nothing for the wise guys to invest. Or so it seems to me.</p>