Links for 6/22/10

Warren Buffett

My luck was accentuated by my living in a market system that sometimes produces distorted results, though overall it serves our country well. I've worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate's distribution of long straws is wildly capricious…

Michael C. Macchiarola

The fact that so many student borrowers are in distress today only serves to indict the value proposition that the education industrial complex continues to advance...

Joanne Jacobs

The number one producer of associate degrees in the nation is University of Phoenix Online. Despite much higher tuition — partially subsidized by federal aid — flexible for-profits are taking students away from crowded community colleges.

Randall Sherman

My undergraduate degree in German cost me a total of less than ten thousand dollars at the University of Missouri. Today, that amount of money would get me through January of my freshman year for an increase of over 600 percent in three decades…