thanks for the input, everyone who replied. i was thinking of the nyt article that came out a few weeks ago, which did interviews with some individual traders who lost a few k - 100k in crypto: https://www.nytimes.com/2018/08/20/technology/cryptocurrency-investor-losses.html but then i guess for those who lost, there were also those who scored big gains, not just in crypto (eg. rumored group of MIT students who used their school computer network to mine crypto in the 2010-2011 era, made tens of millions by 2013), but also by shorting vix (eg. former target manager who made $12mm https://www.marketwatch.com/story/f...down-600000-bet-against-volatility-2018-02-07), trading momentum breakouts on the way up/down (eg. https://www.steadytrade.com/tim-grittani/) as an aside, what do you think is the next millionaire-making opportunity set?
College is about education and higher learning. A total waste of cash and stupid? Forest Gump said it best, "Stupid is as stupid does." I have 3 post high school degrees. Worth every second and every penny, to me. thanks Forest.
his reasoning is not valid, I took logic in COLLEGE. Arguing that college is stupid comes from ignorance and stupidity. Either he didn't go and doesn't know or he went and wasted his time. in either event, college is agreed by the majority to be beneficial.
agreed by majority is exactly the problem here... the education market is not that different from the stock market, the mass is on the wrong side, or the bottom of the pyramid, while the few are reaping the true benefits at the top. you have 3 degrees, good.... I only have 2, with a PhD... but how much does that really benefit one's career... very debatable... I can even argue that my 9 years of post-secondary, if those were spent on my career, I could be in a more advanced place. problem is I presented general math, yet people counter argue with individual data points. data points are legit, but that's the most common logical fallacy on the internet... arguing data points against general stats.
got BA in linguistics then PhD in science then took a complete different career path.... sure one can argue education trains the brain... but the brain could have been better trained in the real world.
oh Dr. did you use the fact that the s and p has risen by 1/3 (1950-2880) since the night the world new hilliary was out? 1954 through 2016(62 years) for 2/3 and from 2016 through the present,(2 years) 1/3. Dr. would you now admit your analysis is based on the most recent forty years and not the initial 40 years and therefore flawed? If you still think your math is up to par i suggest you should have taken a course in math, logic and reasoning. A PHD in the humanities carries little weight here.
please explainhow you went from a bachelors to a phd without a masters. I have n associates, a bachelors, and a masters. that is the normal progression. How did you manage this?
check long term sp500 return from the beginning of time... it's 9.8% plenty schools admit PhD students with a BA/BS degree.