Peter Thiel, the hedge fund manager and PayPal co-founder, correctly foresaw the dot-com and subprime busts, so when he makes a prediction about the next big bubble that’s likely about to burst, people would be wise to at least listen to what the man has to say.
So where does Thiel think the next spectacular fizzle is apt to occur? Hang onto your hats: It’s that most sancrosanct of American Pie ideas, the notion that puting in your time to earn a four-year college degree will actually land you a decent job.
