BUSINESS COLUMN | Hill: Risk is a Yalie’s luxury
It’s time to start taking risks.
No, I’m not talking about the reckless sorts of risks that treated the world’s credit markets like a glorified slot machine. No, I don’t have any stock picks. No, I won’t tell you what funds to invest in. For that, I’ll leave you in Jim Cramer’s eminently capable hands.
I’m talking about other kinds of risks — specifically the risks that you, an 18 to 22-year-old Yale undergraduate, should be taking. You should take a chance on yourself and invest in your dreams and passions.
It’s true; with things as they are, taking risks seems...
Right, because a realistic and praiseworthy dream is entering an interminable philosphy graduate program, toiling away in obscurity, writing articles for journals that 5 people read, getting your first real job at age 31...
Academia is for fools.
Like philosophy? Read it after work and on the weekends.
I prefer reality.
This is a very relevant and worthwhile topic, Tyler; thanks for fleshing it out into an article for today's YDN. The concept of how the financial landscape alters what Yalies in particular should consider following graduation is indeed something students should consider; to quote Sharon Oster (SOM Dean) the day Lehman filed for bankruptcy and the markets fell to the depths of hell, "The opportunity costs of following your dreams just went down" (said, appropriately, at the beginning of an SOM econ course).