1. Seems to neglect time-value of money, which leads to overstated ROIs.
2. It also neglects that the people going to, e.g., MIT and Harvard, are making more money largely because they are people of sufficient quality to be admitted to those schools, and not entirely because they went.
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[ 1.6 ms ] story [ 22.3 ms ] thread2. It also neglects that the people going to, e.g., MIT and Harvard, are making more money largely because they are people of sufficient quality to be admitted to those schools, and not entirely because they went.