The Millionaire Next Door

Gold in Colleges and Neighborhoods

A neighbor recently sought my advice about selecting a college for his daughter.  His evoked set of colleges started with Georgetown and moved northeast to Bowdain and Bates in Maine.  But not all great colleges are in the Northeast corridor. 

During the conversation I mentioned that this year’s Nobel prize for Chemistry was won by a professor at Iowa State University in Ames, Iowa. My neighbor looked shocked when I told him this.  Iowa State, like many state universities, has a large number of eminent scholars on the faculty. 

Too often people look at choice of school like they do choice of neighborhood. 

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