Ray Dalio

Education certainly does not have to be college.

College is overemphasized.

and having a good productive career.

When I watch these remarkable people who are on the front lines of dealing with this virus situation and I look at them, some of the greatest people are the people who have the capabilities of doing certain things that have nothing to do with going to college and they're on the front lines and they're contributing a lot.

And so in education,

and civility, but that means that there has to be equal opportunity.

So yes, what my wife and I have done is we're particularly heartbroken or disenchanted with poverty affecting children and high school students

having the equal opportunity of education.

So our particular focus in Connecticut, we made a donation, a large donation, $100 million donation to the state of Connecticut for them to match and are working to get those students through high school, but it could be trade school, and into jobs and to be able to be productive.

So you look at all societies and these are the things that matter most.

The society becomes a fairer society when there's equal opportunity for education.

And also it becomes a more productive society because the opportunities when extended throughout the whole population means that you get more people on the basis of merit.

Right now, that system is not operating in a good, effective way.

For example, people in the top 40% of income will spend about five times as much money on their children's education than those in the bottom 60%.

And that's neither fair nor productive.

So I think that these types of questions are gonna have to be examined by policymakers in a bipartisan way as we go through this.

But yes, in answer to your question,

You know, it really starts with good total education, the good raising of children in terms of their actual formal education and their informal education, and then going out and having an environment of equal opportunity.

Well, I think you're exactly right.

I think that that, though, is short of specifics and, you know, that particular action.