I found this article from the New York Times titled "Bye, Bye B-School" that uses Edward (Eddie) Lampert as an example of a young successful hedge fund manager, who achieved success without an M.B.A. degree. I think Richard Schmalenese, who was the dean of the M.I.T. Sloan School of Management, said it best:
“I don’t think you will see M.B.A.’s less represented in executive suites, but you may see M.B.A.’s less represented in the lists of the world’s richest people,”
I also found an article from SmartMoney.com titled "10 Things Millionaires Won't Tell You" that points out this interesting fact:
"...the median college grade point average for millionaires is 2.9, and the average SAT score is 1190 — hardly Harvard material. In fact, 59 percent of millionaires attended a state college or university..."
The point I'm trying to make here is anybody can achieve financial success. Attending prestigious schools or getting good grades doesn't necessarily equate to instant wealth. You have to invest the time to research your investments as information and trends are always changing. School can only teach you so much, but you have to take the initiative to take what you've learned and apply it to your investments.
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Wednesday, September 10, 2008
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Famous Quotes
"A penny saved is a penny earned." - Benjamin Franklin
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffet
"The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity." - John F. Kennedy
"Knowing a lot about little is much more powerful than knowing a little about lots." - The Hobby Investor
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffet
"The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity." - John F. Kennedy
"Knowing a lot about little is much more powerful than knowing a little about lots." - The Hobby Investor
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