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Stingy News: Education

Financial ignorance is widespread
05/03/15 Education
"Lusardi and Mitchell found that providing financial knowledge to people with low levels of formal education boosts their economic situation by an amount equivalent to 82 percent of their initial wealth, while the equivalent value for college graduates is a substantial 56 percent."

Financial savvy is not something schools can teach
09/06/14 Education
"The right conclusion is not that there is nothing to be done. Far from it. We can and should divert the money that is about to be put into personal finance education into better mathematics education."

Teaching college students about finance
02/24/13 Education
"I would revise the concept of the cost of capital to make it credit-centric. All the efforts to calculate the cost of equity capital from equity market correlations are bogus. They don't make any economic sense. In most cases, the cost of equity should not exceed the yield on an average CCC bond."

Rethinking the importance of financial literacy
02/03/13 Education
"Malcolm Hamilton talks about financial literacy"

Et in Arcadia Ego
11/12/08 Fun Education
"In short, private education in America spends money like a drunken sailor with Warren Buffett's credit card." [Some harsh language.]

Student tax planning can save a bundle
09/07/08 Taxes Education
"So, if you've got a child heading off to postsecondary school this year, congratulations, I expect your child will make smarter decisions. And there are some smart decisions related to your child's tax planning that can help too. Let me share some of those today."

Two years inside the cauldron of capitalism
08/19/08 Books Education
"The weirdest and creepiest episode is when a student writes to the entire school, confessing to a 'regrettable property-damage incident', a gorgeous euphemism for urinating against a neighbouring student's door. 'His behaviour had made him realise he still had work to do figuring out exactly who he was.' Ye-es . . . or maybe he should just resolve not to pee against people.s doors in future. Even more creepily, Delves Broughton finds that he no longer responds to such tosh with a healthy snort of laughter. 'It was serious, right? Leadership. Core values. Transformation. Being true to oneself.' It takes his wife - his American wife - to inject some common sense. 'These people are freaks..'"

Financial education unlikely to be of any help
07/28/08 Government Behvaiour Education
"Teaching people how to manage their money is unlikely to make them any better off, research by the financial regulator reveals. As Britons struggle to adjust to rising inflation, higher borrowing costs and general economic uncertainty, it has emerged that there is little evidence that the millions poured into financial education programmes are of any help."

Are we a nation of financial illiterates?
07/23/08 Education
"How important is widespread financial literacy to the health of a modern society? Well, I would say very. So would Lusardi. When you have a society with a modern and fairly complex financial system, it's probably not a good sign that more than half of the citizenry can't handle even the basics"

What price college admission?
07/02/06 Education
"Even valedictorians are finding it hard to land spots at the nation's most-selective colleges, so "Ben" wasn't about to take chances. Over the past four years, the New Jersey father of two has spent about $30,000 for guidance from Michele Hernandez, a Lake Oswego, Ore. college counselor who charges up to $36,000 per student for advice on everything from what courses to take to how to spend summers."

New quizzes enhance investor know-how
06/24/03 Education
"InvestorED.ca's Interactive Centre now offers a series of new quizzes designed to help investors protect themselves from fraud."

Canada's top MBAs
10/29/02 Education
"What's an MBA really worth? That's been the question almost every business publication seems to be asking this year-and most have arrived at decidedly negative answers. Well, we beg to differ, and we've got proof-at least as far as Canada's business schools are concerned."

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