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The James Altucher Show

Should you go to college!? James Debates Jim Keyes

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 27 February 2024

⏱️ 79 minutes

🧾️ Download transcript

Summary

James Keyes, the former CEO of 7-Eleven and author of "Education is Freedom: The Future Is in Your Hands," debates the necessity of college, challenging the traditional path as tuition skyrockets due to government-backed student loans and administrative greed. Despite James's long-held stance against the college-for-all solution, Keyes presents arguments that promise an enlightening conversation for those questioning the value of higher education.

Transcript

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0:00.0

For 20 years I've been writing about how much I think people should not go to college, that college is not the only

0:16.8

solution out there for a career. In fact, it could be the worst solution because tuition

0:22.2

has risen faster than inflation every single year for the past 50 years.

0:27.0

And why is that? Because student loans is this big scam and the government backs them so college presidents always

0:34.4

know that they're getting their money so they just keep raising tuitions even

0:37.5

faster than society is raising the prices on anything else and then there's the

0:42.3

four years of time spent there's the four years of time spent. There's the fact that, you know, do people really

0:47.6

learn necessary or important skills, I should say, in college and on and on. But James Keys, Jim Keys, former CEO of

0:56.7

multi billion dollar company 7-Eleven, very successful guy has been CEO of a bunch of companies including Blockbuster. It's interesting to hear how he tried to save Blockbuster, but he wrote a book about the importance of education. So guess what? We decided to debate and I'll admit I'm the sort of person who tends to

1:17.0

agree with whoever the last person I speak to is

1:19.7

But he presented some very good arguments and I have to I have to give him all credit for that but I'll let you

1:27.4

hear the conversation and it's well worth listening to it particularly if you've been wondering about this issue.

1:33.6

So here he is, let's talk about college.

1:36.4

This isn't your average business podcast and he's not your average host.

1:45.0

This is the James Altiger show. First thing I want to thank you about is thank you for leading 711 into a buyout 20 years ago because I was a shareholder.

2:05.0

Oh, nice, you did well.

2:07.8

It was like dirt cheap for so long.

2:11.2

Like it was trading for seven times earnings forever.

2:13.3

And that wasn't so bad, making a lot of cash, had a lot of cash.

2:18.8

And I don't remember exactly all the statistics, it's 20 years ago, but I remember thinking, oh, this is 7-11 and it's people

2:27.4

don't seem interested. Like it's a well-known brand. I don't know what was going on.

2:31.8

Yeah, we literally went from 10 years, the same store sales declined to 10 years of same store

...

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