Don't Go to Business School!

The last four years have witnessed an astonishing implosion of a previously unquestioned investment strategy.  No, I don't mean "Buy a house"; I'm talking about "Go to law school."  Law school was never quite as safe as people thought, but except for John Grisham, almost no one wrote about the desperate people who end up at the bottom of the legal food chain.  Then, during the Great Recession, when you'd expect graduate school applications to be spiking, something unthinkable happened: they started to fall.

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