Money and Finance
- Notes From A Meeting With Warren Buffett On November 15, 2013 - By Dr. David Kass
A big thanks to Peter for passing this along. My Alma Mater, Coastal Carolina University, also happened to be one of the 8 universities that attended the meeting. (11) You were the first person to use the term “moats” as competitive advantage. Morningstar...
- Inside Higher Ed: Tuition Revenue Down
The comments the article linked to below bring back to mind: John Templeton (June 2005): “Most of the methods of universities and other schools, which require residence, have become hopelessly obsolete. Probably, over half of the universities in the...
- Why I Spent 10th Grade Online - By Sophia Pink
The debate about online education is polarized — it’s either a grand solution for schools’ troubles, or it’s a menace. For example, the Economist recently reported that, because of MOOCs, “the ivory towers of academia have been shaken to their...
- What Campuses Can Learn From Online Teaching
Thanks to Will for passing this along. Higher education is at a crossroads not seen since the introduction of the printing press. At the Massachusetts Institute of Technology and other campuses, the upheaval today is coming from the technological change...
- The College-cost Calamity
WITH its leafy avenues and Gothic buildings, the University of Chicago seems a sober, solid sort of place. John D. Rockefeller, whose money built it, said it was the “best investment I ever made”. Yet Chicago and other not-for-profit American universities...
Money and Finance
The barbarians are at the gate! Of universities, moats and disruption! - by Aswath Damodaran
Link to: The barbarians are at the gate! Of universities, moats and disruption!
In my last post, I attempted to break down the bundled product that comprises a college education into its component parts, and closed by arguing that the future of universities rests on their ability to preserve the competitive advantages that have allowed them to get premium prices for these bundles and that of online education entrepreneurs on their capacity to find chinks in the university armor.
In this one, I would like to look at the competitive advantages that colleges/universities have on each component and how close (or distant) the online threat is on each of them. Borrowing from the terminology of value investing, universities have moats around their “educational castles” and the online barbarians (at least as seen by the members of the educational establishment) are trying to breach the establishment. Since so much of this debate comes from one side of this divide or the other, I decided that it would be good to try to look at both sides.
- Notes From A Meeting With Warren Buffett On November 15, 2013 - By Dr. David Kass
A big thanks to Peter for passing this along. My Alma Mater, Coastal Carolina University, also happened to be one of the 8 universities that attended the meeting. (11) You were the first person to use the term “moats” as competitive advantage. Morningstar...
- Inside Higher Ed: Tuition Revenue Down
The comments the article linked to below bring back to mind: John Templeton (June 2005): “Most of the methods of universities and other schools, which require residence, have become hopelessly obsolete. Probably, over half of the universities in the...
- Why I Spent 10th Grade Online - By Sophia Pink
The debate about online education is polarized — it’s either a grand solution for schools’ troubles, or it’s a menace. For example, the Economist recently reported that, because of MOOCs, “the ivory towers of academia have been shaken to their...
- What Campuses Can Learn From Online Teaching
Thanks to Will for passing this along. Higher education is at a crossroads not seen since the introduction of the printing press. At the Massachusetts Institute of Technology and other campuses, the upheaval today is coming from the technological change...
- The College-cost Calamity
WITH its leafy avenues and Gothic buildings, the University of Chicago seems a sober, solid sort of place. John D. Rockefeller, whose money built it, said it was the “best investment I ever made”. Yet Chicago and other not-for-profit American universities...