I'm embarassed to have not been aware of this before. This guy, Salman Khan - who's an ex-SF-based hedgie, has basically created a high quality, free online library of teachings on basically any subject you can think of related to math or science and is below String Theory. I suspect String Theory is coming. He also has extensive playlists that address finance, economics, and government policy (e.g., an entire set of objectively presented lectures on the "Paulson Bailout" and "Collateralized Debt Obligation (CDO)"). I haven't vetted those, but I can tell you the more traditional lectures are excellent - understandable, effective and consumable. This sort of thing has the potential to revolutionize education.
Click here to check out the Khan Academy and spread the good word. Here's his intro video that shows the schematic overview of basically everything that is available on his website.
Welcome to the future, the weather is great.
[HT: TD]
Showing posts with label For Profit Education. Show all posts
Showing posts with label For Profit Education. Show all posts
Wednesday, August 25, 2010
Thursday, May 27, 2010
FrontPoint's Steve Eisman's Speech And Presentation From Ira Sohn Conference
This is Steve Eisman's excellent presentation and speech from the May 2010 Ira Sohn Conference on why much of the for profit education space is a short. He specifically talks about ITT Education, APOL, WPO and COCO. He makes the analogy between these business models and the subprime debacle. The first 40 or so pages are the actual presentation and the last several pages are the text of his speech. We recommend reading the speech first, then digging through the presentation. Our notes on Eisman's talk are here.
You may know Eisman from his fame calling the financial collapse and shorting subprime securities as well as many of the links into subprime (e.g., originators, banks, etc.). Michael Lewis profiled Eisman (and Burry and others) in his new book The Big Short.
This whole industry is so dirty, it's easy to see how government regulation is the only way that it is sustained. Munger and others often talk about buying businesses that are good for their whole ecosystem (suppliers, employees, customers, and owners). Much of the for profit education system is actually a shitshow for huge portions of its ecosystem, most importantly its customers. Typically those sorts of businesses can only exist and thrive with the help of government's Visible Fist.
Anyway, read the speech first (near the end of the slide deck) then review the slides. Eisman's speech is titled, "Subprime Goes to College."
Steve Eisman - Ira Sohn Conference - May 2010
You may know Eisman from his fame calling the financial collapse and shorting subprime securities as well as many of the links into subprime (e.g., originators, banks, etc.). Michael Lewis profiled Eisman (and Burry and others) in his new book The Big Short.
This whole industry is so dirty, it's easy to see how government regulation is the only way that it is sustained. Munger and others often talk about buying businesses that are good for their whole ecosystem (suppliers, employees, customers, and owners). Much of the for profit education system is actually a shitshow for huge portions of its ecosystem, most importantly its customers. Typically those sorts of businesses can only exist and thrive with the help of government's Visible Fist.
Anyway, read the speech first (near the end of the slide deck) then review the slides. Eisman's speech is titled, "Subprime Goes to College."
Steve Eisman - Ira Sohn Conference - May 2010
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