Excerpt from:
Five Things You Need to Know: Visualizing State Debt
From #4. The Great Education Bubble Myth
The main point in all of this for an investor is that if your thesis or big idea is among the hot media topics of the day, it is wrong. That's it. It's just wrong. You will never, never make a good investment decision involving anything that is a "key issue" in the mainstream media. Never. Herding behavior is what drives these topics, both in terms of investor interest, and later, editorial interest. College is not a bubble. Not anymore now than it was in 1971.Speaking of education bubbles, everyone is aware of rampant grade inflation these days. As the chart below via the daily comics site Toothpaste for Dinner shows, grade inflation has been with us since the 1970s. And here's what we might expect to see in 2030.
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