Last updated on: 12/11/2013 | Author:

James Altucher Biography

Entrepreneur and hedge fund manager
Con to the question "Is a College Education Worth It?"

“As far as I am concerned, college is a waste of time. Instead of going to college, I wish I had worked. Or even taken half of the money spent on tuition and travelled for a year or two and then worked. I bet I would have learnt a lot more, met more interesting people, developed a sense of personal responsibility earlier on, and ultimately made more money. And yes, I bet I would have been more cultured and well read. Close your eyes for a second and think wistfully about those college years. You know I am right.

A mind is a terrible thing to waste. But so is all the money that is being flushed down the toilet in the elitist quest for a good education. The best education in life is falling on the ground and getting a few scrapes. You don’t get that by putting in face time on the ‘quad.’ You get it by learning the value of money, and occasionally having it robbed from you. Just don’t get robbed for four straight years.”

“Why Investing in College Should Pay Off,”, Apr. 17, 2007

Involvement and Affiliations:
  • Board Member, Gocella, Dec. 2012-present
  • Contributor, The Financial Times,, Forbes, Yahoo Finance, and
  • Managing Director, Formula Capital, Mar. 2003-present
  • Board Director, Bitly, Mar. 2009-present
  • Investor, Salesforce Buddy Media, CTera, Ticketfly, Bitly, SyncBak, Cancer Genetics, CNS, Health Services Media, Gocella, Optimal, Pay with Cover, Sep. 2007-present
  • Founder, StockPickr, 2006-2007
  • Founder, Reset, Inc., 1996-1998
  • Host, webseries III:am, HBO, 1996-1998
  • Employee, IT Department, HBO
  • Doctoral candidate, Carnegie Mellon
  • BA, Computer Science, Cornell University, 1989
  • None found
Quoted in:
Pro & Con Quotes: Is a College Education Worth It?