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Class ClownsHow the Smartest Investors Lost Billions in Education$
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Jonathan A. Knee

Print publication date: 2016

Print ISBN-13: 9780231179287

Published to Columbia Scholarship Online: January 2019

DOI: 10.7312/columbia/9780231179287.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 11 May 2021

Michael Milken

Michael Milken

Master of the Knowledge Universe

(p.130) Chapter Four Michael Milken
Class Clowns

Jonathan A. Knee

Columbia University Press

Junk bond king Michael Milken’s fraud conviction inevitably made him a controversial figure, but none question his financial brilliance. Milken has focused largely on philanthropic efforts since his release from prison, but became convinced that the education sector presented a unique opportunity to apply his economic acumen in a way that would allow him to do well by doing good. Instead, twenty years later Knowledge Universe stands a monument to the hubris inherent in the belief that raw intelligence and enthusiasm for an idea are alone adequate to yield either commercial success or desirable learning outcomes.

Keywords:   Michael Milken, Knowledge Universe, Education, Investing

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