Few people may know this, but at one point in my life I was seriously considering a career in academia. For six months in the year 2005 I was an MBA student at the University of Nebraska at Kearney. To pay for my tuition and provide some living money, I worked as graduate assistant. I taught several seminars on computer basics, proctored exams, did some academic research, etc. I loved it. At least, I loved everything except some of the insane hoops we had to jump through. I was initially accepted into the program with the provision I had to pass calculus within the first six months. I never had to take calculus in my undergrad college. I thought it strange I had to take calculus when I had zero interest in doing statistical analysis or accounting. Even back then, I knew a lot of accounting was going to eventually be taken over by computer software and AI. Needless to say, my bosses weren’t impressed when I had to drop calculus at midterm but was doing quite well as a teacher and researcher. I eventually was fired from my grad assistant job because of my grades, namely in calculus. I was offered the chance to stay in the program but without the job. Since I had no way to pay for the program, I walked away. The thing was I had zero interest in statistical analysis. I really just wanted to teach, namely personal finance, investing, and economics.
My economics classes were my favorite classes in undergrad. Our instructor started his career working for an agricultural commodities broker firm. In short, he helped farmers find buyers for their crops and food processing facilities find farmers who were selling their crops. Agricultural commodity broker, the linking of sellers and buyers, was actually John Rockefeller’s first major break before he built his first oil refinery. His biggest customer was the Union Army during the Civil War. So my economics instructor had real world experience before he became a teacher. I had a banking and investing instructor in college who was a licensed CPA and I think a fiduciary (think financial advisor who makes money through hourly consulting fees and not sales commissions). My business law instructor taught only business law as he was a full-time lawyer as his day job. My accounting instructors were all licensed CPAs. My management instructors were all small business owners before they went into academia. As far as I could tell, every single one of them took a pay cut when they went to teach at my small college.
Since I had been inspired to learn more on my own while in college, I continued my education after I left college. Best thing college ever did was 1) Teach me how to learn for myself, 2) Teach me how to form my own conclusions, 3) Be able to find good advice from people even if I disagreed with a significant amount of their other thoughts, 4) Not kill my natural love for learning. I eventually learned how to ‘read between the lines’ on my own, but can we honestly expect 21 year old people to truly know how to spot liars and frauds with true accuracy?
Overall I value my intellectual freedom more than anything else.