[ryandrake]

I agree with everything you said and I’ll add that knowing how to read a company’s financial statements won’t make you a good stock picker (ask me how I know), but not knowing these things will make you a bad stock picker.

One of the major intangible benefits of a business education I’ve found was simply the immersion in the language (written and verbal) of business. I can sit down with a CEO or other non-technical stakeholder and discuss his/her business without sounding like an idiot. Helps in an enormpus number of situations.