On Financial Success

From a Forbes article:

"Forget everything your guidance counselor told you: You don't have to go to college to be successful. Close to 15% of the self-made American moguls on the Forbes 400 never finished college. Many of the list's drop-outs made their fortunes in tech, including Bill Gates (Microsoft), Steve Jobs (Apple), Michael Dell (Dell), Larry Ellison (Oracle) and Mark Zuckerberg (Facebook)."

Um, right. Let's consider the number people that didn't finish college that aren't multi-billionaires... Or even those that live under the poverty line.

Actually, statistics show that only 27.2% of the American population aged 25 and above, has attained a bachelor's degree or above. Consider that if 14% of the billionaires in question didn't finish college, that means 86% did finish college. At nearly 60 percentage points higher, this is a significant difference and with a sample size of 274, not within the margin of error.

This, then is another example of statistics being manipulated to create a perception that is different from reality. Those that are unable to see through these will be suckered into deals that are less than desirable and therefore will not be a self-made billionaire.