Wales was careful to put the stickers to work, stating, "I joke that I started as a kid revising the encyclopedia by stickering the one my mother bought." During an interview in 2005 with Brian Lamb, Wales described his childhood private school as a "Montessori-influenced philosophy of education", where he "spent lots of hours poring over the Britannica and World Book Encyclopedias". There were only four other children in Wales's grade, so the school combined the first- through fourth-grade students, and the fifth- through eighth-grade students. As an adult, Wales was sharply critical of the government's treatment of the school, citing the "constant interference and bureaucracy and very sort of snobby inspectors from the state" as a formative influence on his political philosophy. After eighth grade, Wales attended Randolph School, a university-preparatory school in Huntsville, graduating at sixteen. He said that the school was expensive for his family, but that "education was always a passion in my household ... you know, the very traditional approach to knowledge and learning and establishing that as a base for a good life." He received his bachelor's degree in finance from Auburn University in 1986. He began his Auburn education when he was 16 years old. He then entered the PhD finance program at the University of Alabama before leaving with a master's degree to enter the PhD finance program at Indiana University. At the University of Alabama, he played Internet fantasy games and developed his interest in the web. He taught at both universities during his postgraduate studies but did not write the doctoral dissertation required for a PhD, something he ascribed to boredom. Career Chicago Options Associates and Bomis In 1994, Wales took a job with Chicago Options Associates, a futures and options trading firm in Chicago, Illinois. Wales has described himself as having been addicted to the Internet from an early stage, writing computer code during his leisure time. During his studies in Alabama, he had become an obsessive player of Multi-User Dungeons (MUDs)—a type of virtual role-playing game—and thereby experienced the potential of computer networks to foster large-scale collaborative projects. Inspired by the remarkably successful initial public offering of Netscape in 1995, and having accumulated capital through "speculating on interest-rate and foreign-currency fluctuations", Wales decided to leave the realm of financial trading and became an Internet entrepreneur. In 1996, he and two partners founded Bomis, a web portal featuring user-generated