Phi Beta Cons

Another College Dropout Somehow Makes Good

The entrepreneur behind Theranos, Elizabeth Holmes, is a new member of the Forbes 400 richest people in America. Read about her and the company she founded here. One point that stands out: she is a college dropout. She began at Stanford, but realized that her time was better spent doing things other than sitting through lectures.

This reminds me of the Kemmons Wilson story. Wilson was the man behind Holiday Inn. Once he was giving a talk at an elite college and in the Q and A, a student asked, “Mr. Wilson, since you never went to college, how were you able to accomplish that?” Wilson’s reply, “Well, son, if you don’t have an education, you’ve got to use your brains.”

George Leef is the the director of editorial content at the James G. Martin Center for Academic Renewal.

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