Wednesday, October 12, 2011

I am bearish on American education, but I have not figured out how to short Princeton

Jim Rogers : “I'm short American technology, Europe and emerging markets,”

“I'm also bearish on American education, but I haven't figured out how to short Princeton.” - in Marketwatch

2 comments:

  1. SummerisleOctober 13, 2011 at 8:38 AM

    Jim (I'm your senior by 6 months),

    Thank goodness someone has at least pointed one finger in the direction of a major culprit (second, perhaps, only to cable television) in paving the way for the decline of the American economy. After 33 years of full-time teaching, I'm recently chose to become emeritus professor at an American law school. In part, I just didn't believe I could do the job well anymore. But, primarily, I simply could not continue to participate in the fraud that is our system of "higher" education. For many years, law schools held out and maintained higher standards than other departments in the universities. But several years ago, university administrators successfully gained control of the decanal selection process (at those schools where it was necessary) and the faculty soon followed. I can only see the quality of education in our universities getting to be worse and it is really a joke already.

    We aren't going to improve things by providing money. In fact, we should try starving the beast (but we won't as long as college athletics are available).

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