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" ... Axiomatically, value in a stock varies inversely with the thickness of its research file. Think about it. General Motors vs. Amazon. This was not always so. I remember in 1960 Joe Wilson at Xerox and Bob Noyce at Fairchild Camera would tell you everything just so long as you didn't ask a crass question like whaddaya goin’ to earn next quarter? GM then was the biggest employer in the world. Chuck Wilson, GM’s headman, got tagged with the line “What's good for General Motors is good for the country,” but reporters actually foreshortened his words, taking them out of context. ... "
" ... There’s been a Whopper of a shift to this risk equation over the past 25 years. Outside the bubble of our most selective schools, over half of enrolled students fail to complete a degree, and most graduates are afflicted by one or both of the crises of affordability and employability. At the same time, the public’s view of alternative to college began extending to tech. Gates begat Zuckerberg begat Thiel, and the risk of alternative to college became somewhat less about bodily harm, and somewhat more about: “Well, we didn’t know how it would pan out… But whaddaya know? Our company just went public!” That is, an incorrect perception of perhaps as much upside as downside to an alternative pathway. ... "