Class Clowns: How the Smartest Investors Lost Billions in Education | Downtown Alliance

Class Clowns: How the Smartest Investors Lost Billions in Education

Jan 25, 2017
12:30 PM to 2:00 PM
Museum of American Finance
48 Wall Street
New York, NY 10005
212-908-4110
Free
The past 30 years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education and textbook publishing, and they have, with surprising regularity, lost their shirts. In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors’ efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch’s billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's 20-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment. Presentation will be followed by audience Q&A. $5 tickets include Museum admission; members and students free. Feel free to bring your lunch. 48 Wall Street.
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Location Info

48 Wall Street
New York, NY 10005