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My Advice to Students: Education Counts

　　Hundreds of students send me email each year asking for advice about education. They want to know what to study, or whether it's okay to drop out of college since that's what I did.

　　A smaller number of parents send messages, seeking guidance for their son or daughter. “How can we steer our child toward success?” they ask.

　　My basic advice is simple and heartfelt: Get the best education you can. Take advantage of high school and college. Learn how to learn.

　　It's true that I dropped out of college to start Microsoft, but I was at Harvard for three years before dropping out--- and I'd love to have the time to got back. As I've said before, nobody should drop out of college unless they believe they face the opportunity of a lifetime. And even then they should reconsider.

　　Kathy Cridland, a sixth-grade teacher in Ohio , wrote to say, “Several of my students claim that you never finished high school. Since you are a success, my students perceive that as a reason not to care much about getting a good education.”

　　I finished high school!

　　The computer industry has lots of people who didn't finish college, but I'm not aware of any success stories that began with somebody dropping out of high school. I actually don't know any high school dropouts, let alone any successful ones.

　　In my company's early years we had a bright part-time programmer who threatened to drop out of high school to work full-time. We told him no.

　　Quite a few of our people didn't finish college, but we discourage dropping out. Having a diploma certainly helps somebody who is looking to us for a job.

　　College isn't the only place where information exists. You can learn in a library. But somebody handing you a book doesn't automatically foster learning. You want to learn with other people, ask questions, try out ideas and have a way to test your ability. It usually takes more than just a book.

　　Education should be broad, although it's fine to have deep interest, too.

　　In high school there were periods when I was highly focused on writing software, but for most of my high school years I had wide-ranging academic interests. My parents encouraged this, and I'm grateful that they did.

　　Although I attended a lot of different kinds of classes in college, I signed up for only one computer class the whole time. I read about all kinds of things.

　　One parent wrote me that her 15-year-old son “lost himself in the hole of the computer.” He got an A in website design, but other grades were sinking, she said.

　　This boy is making a mistake. High school and college offer you the best chance to learn broadly---math, history, various sciences--- and to do projects with kids that teach you first-hand about group dynamics. It's fine to take a deep interest in computers, dance, language or any other discipline, but not if it jeopardizes breadth.

　　If you fall into an obsessive pattern in high school, you've got two problems. One is that you ‘re unlikely to change when you go to college. The other is that you don't get reasonably good grades, it's hard to go to a college that has the highly motivated, capable students who can really help you learn about the world.

　　In college it's appropriate to think about specialization. Getting real expertise in an area of interest can lead to success--- unless the specialty ends up being a dead end or you're not good at. Graduate school is one way to get specialized knowledge, although extended college education isn't always a good investment from purely economic standpoint.

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Stock and Gown

　　I attended my first college graduation for this year. It was different from previous ones. I discovered that this is the first class that is more interested in investing money than tin the opposite sex.

　　As the students filed down the aisle I noted that half of them were talking into cellular phones. I asked a young man wearing a cap and gown whom he was calling. And he said, “My broker, Charles Schwab. He told me to call him this morning in case he had some good new for me. He said with all the kids playing the market I have to keep my eye on the ball.”

　　“I didn't know your class was so involved in the stock market.”

　　“Big time.” You see that guy in front of me? He made $ 35,000 in Yahoo shares while failing civil engineering.”

　　“That ‘s impressive.”

　　“It's nothing compared to the guy sitting over there drinking beer. He invested in Amazon and lost all his tuition money, so they wouldn't let him graduate.”

　　“How did this generation manage to invest so big?”

　　“We have our own computers, and if we couldn't afford one the school would lend us one. The university would rather that students play Wall Street than have frat parties when the market closes down.”

　　Standing in front of the man was a lady in cap and gown. She had tears in her eyes. “I hate to lose money on Time Warner on the day of my graduation. My daddy said I'm never going to find a husband if I keep dating bears.”

　　The person behind her said, “Can I borrow your laptop? I just heard that Greenspan will lower the interest rates before we get out diplomas.”

　　The most interesting ting that happened was when the students took their seats, they all opened Wall Street Journals.

　　The graduation speaker tried to instill some noble thoughts, but the students weren't buying them. Instead they were sending buy and sell signals to each other. The only time the students paid attention was when the speakers attacked the unfairness of the government suit against Microsoft. “Bill gates showed us the way. If there is any injustice in the world, it's when people try to break up Windows 98.”

　　A young man said. “ I wish he would talk more about soybeans and less about out futures.”

　　After the graduation I wandered over to the campus. I heard a father say to his son, “ If you put your money in British Airway, then you better find a job.”

　　A mother said, “Don't come back home with a recession.”

　　The president of school was not too disturbed with the graduates' interest in the stock market.

　　“If these kids make it big I Nasdaq we'll assign each of them a gifts advisor and I'll get my library built before Walt Disney takes a bath.”

　　“Do you admire this generation more than the last?”

　　“It depends what they're holding in their portfolios.”

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