The Education of Millionaires has ratings and reviews. Michael Ellsberg, in “The Education of Millionaires”, argues the educational model in the. THE EDUCATION OF MILLIONAIRES ers call “practical intelligence”—how to get things done effec- tively in the real world, a.k.a. street smarts. The other man. Penguin/Portfolio has just released Michael Ellsberg’s second book, The Education of Millionaires: It’s Not What You Think, and It’s Not Too Late. It’s available for.

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I believe that the only purpose this book serves is as a general overview to business skills. Nov 21, Alan Wang rated or liked it. Negative entitlement and negative attitudes aren’t going to help you. The Education of Millionaires.

The Education of Millionaires

So credit where credit is due. Ellsberg notes, “andragogy” literally means “man-leading”, whereas pedagogy “child-leading”. Micyael were alone in the world. This book essentially boils down to a number of simple ideas: There is no depth to the book, and no clear thesis on anything.

He thinks that instead of spending a ton on college which I do think is way too expensive people should “invest in themselves” by going to workshops that teach them to be good salesmen and marketers.

Those seven success skills are: Or anyone who wants to source actual studies, for that matter. You learn by doing, and failing. How to make your work meaningful and your meaning work – Milloonaires skill 2: Isn’t it contradictory to use quotes from Messer’s Thiel and Godin, both graduates of Stanford Law and Business Schoolto strengthen his argument?

Apr 13, Shriya rated it liked it. Is not the unifying lament of the “Millennial” generation on some level, “I don’t know what I want to do with my life! None of those situations invole the word ‘joyfully.


Elksberg of the entrepreneurs are not taking giant risks as we sometimes might imagine.

The Education of Millionaires – Michael Ellsberg

The author makes the case that anything worth learning in life happens while you are out doing something. Discussions of this topic tend to disproportionally focus on tech startup CEOs which isn’t really fair because coding is a bit different than other fields. The most important point here is that practical skills, or “street smarts” are much more important than the more abstract teaching found in most schools and colleges.

This book overall is a waste of time. The book provides interesting examples of those who drop out of school but then made successful business on their owns.

Over all I prefer, Start up of You by Reid Hoffman, who stressed finding ways to add value to an evolving market – and generally came from a place of graciousness. Then the info of websites and their creators and glowing reviews of these sites followed. At one point in the book Michael was talking on concepts of prosperity.

Want to learn more about marketing? My only complaints are that the book is too long so many similar anecdotes that they started to blur togethermuch of the information is really just a set of pointers to other resources still a good thing–just not convenientand the previously mentioned strongly anti-formal education tone.

Later on, I decided to take a esucation look at the book it was available ellsgerg a waiting list at my library, so why not? The rest of the skills are: There were a lot of great quote material so this list is long!

It’s sharp and well written with tons of relevant real world examples from successful entrepreneurs. The case studies he uses show some pretty obvious survivorship bias, but the points made on soft skills, relationships and psychology seem spot on. It challenges everything society thinks is normal. What makes this book so provocative is the stance Michael takes against higher education.


While I agree with the author that we need to take a serious look at higher education, I am not sold that college is unnecessary if you want to be an entrepreneur and own your own business. Just a moment while we sign you in to your Goodreads account.

The Education of Millionaires: It’s Not What You Think and It’s Not Too Late by Michael Ellsberg

To see what your friends thought of this book, please sign up. If you are happy with your meaningless job, college education, and mediocre life They focused on learning things that were mjllionaires relevant to their personal business endeavors. Books by Michael Ellsberg. He tells the reader nothing that hasn’t been better explained by better teachers elsewhere, all while crouching it as something nobody can teach you but rather you must learn for yourself. I think the reason I loved this book so much is because it was exactly what I needed to read.

Jan 20, Tom Kamei rated it it was ok. This is a great book, and worth reading. Jan 30, Tyler rated it really liked it Shelves: Thanks for telling us about the problem.