Monday, June 30, 2014

Not easy to make loads of money in you are studying History or English

In a bubble environment everybody wants to essentially gamble and nobody wants to do a serious job. So what you are lacking is skilled labor, people who can handle and look after machines. Today a machine is very sophisticated, much more sophisticated than a derivative product. So there is a lack of labor in that segment of economy manufacturing and highly specialized manufacturing. And there is a surplus of people who went to college and studied English, philosophy or geography, or social science, that are in today's world are not terribly useful. I'm not saying history and geography is not useful, I'm just saying if you expect to make a lot of money out of History or Geography, you have to be top of your class. In other words, you have to be the best historian or geographer, otherwise you are going to be in the surplus product.