Title
Class Clowns: How the Smartest Investors Lost Billions in Education (Columbia Business School Publishing),Used
Delivery time: 8-12 business days (International)
The past thirty 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 billiondollar effort to reshape elementary education through technology; the unhappy investorsincluding hedge fund titan John Paulsonwho lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twentyyear mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of largescale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment.Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent expos for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.
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Shipping & Returns
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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