Simson Garfinkel has the cover article in the April 2004 issue of MIT's Counterpoint Magazine. It's a short (three page) article, and worth the read.

You can download the full issue in PDF; no subscription is required. Here's a brief description, in his words:

"It's a combination of advice to current undergraduates and reflections about all of the money and time that I wasted in my 20's. Key lessons from the article:

- It turns out that grades matter after all.
- On the other hand, your choice of major doesn't matter much.
- Once you graduate, it's really important to stay in school (i.e.: continuing education)/
- Apply for things.
- Invest for your future (ie: save, save, save --- and don’t gamble with your savings).
- Don't make enemies --- the world is a small place.

I can wholeheartedly endorse all of Simson's lessons. You'll also find at least one of them in Anthony Zinni's "20 Principles."

On Leap Day I posted the lyrics to Pink Floyd's "Time" -- I was thinking about many of the same things Simson brings out in this article, particularly the post-college context.