Quote:
Originally Posted by Cynthetiq
Because there isn't a prerequisite for it. You can think it is a good quality, but there's no exact formula to how profitable a business is based on education. That's one of the things that makes America an coveted destination because even a common person making chocolate chip cookies can make a worldwide business.
|
There's no exact formula, but imagine trying to design a boat without an understanding of fluid dynamics. They help give you an idea about what might work. Can you imagine being the head of a corporation and not understanding the theories behind something as simple as supply and demand? It would make the job of creating a vision for the company nearly impossible.
Quote:
Originally Posted by Cynthetiq
Because investors like to see pedigrees on the management teams. It is a solidly known fact amongst investors that look at the prospectus and 10k sheets to see just who the management team is. They don't like to see blanks for education.
|
Sure, some idiot investors might want to see "pedigree" (which isn't quantifiable), but seeing that the person you're trusting with your investment has a solid understanding of business and economics has to instill some level of confidence. That's all beside the point, though. This is about education being applied to work which makes one more likely to succeed.
Quote:
Originally Posted by Cynthetiq
Going to college and not completing it is consided not having a formal education. If you don't subscribe to that as the definition you are alone in that. Going to NYU for continuing education classes or non-matriculated attendance does not equal graduating from NYU. It is "taking classes."
|
That's irrelevant. If one is successful and understands mathematical economics, whether or not one has a diploma, they are supporting my position.