Did anybody listen to Peter Thiel? In 2011, the billionaire co-founder of PayPal, dubbed “contrarian investor” by the New York Times, created the Thiel Fellowship. A collection of 24 youngsters under the age of 20 were awarded $100,000 in exchange for dropping out of college to start tech companies.
I believe you have a bubble whenever you have something that’s overvalued and intensely believed. In education, you have this clear price escalation without incredible improvement in the product. At the same time you have this incredible intensity of belief that…