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September 17th, 2014
09:32 PM ET
PayPal co-founder Peter Thiel: A college "diploma is a dunce hat in disguise"
PayPal co-founder Peter Thiel is worth billions of dollars thanks to investments in companies like Facebook. As a graduate of Stanford law, you'd think he'd encourage others to follow in his footsteps and go to college.
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No, he actually pays people not to go to college. His fellowship pays 20 young adults, $100,000 each to pursue their interests instead of going to school.
In an interview with CNN's Erin Burnett, Thiel explains why college isn't for everyone.
There's not really anything you can do to fix anything. Mammonism is it's own curse, and cure. The only real solution is Silence for All. If there were no living, there would be no problems.
Thiel's schpiel is that the exception is the rule. Because it worked for him, it should work for all. Sounds like Thiel should hit an intro level Statistics course in his free time....but that would be admitting that he isn't as smart as he thinks he is.
Because the colleges are the only one getting rich