Wales was born in Huntsville, Alabama, in the United States on August 7 or 8, 1966. His father, Jimmy, worked as a grocery store manager while his mother, Doris, and his grandmother, Erma, ran the House of Learning, a small private school in the tradition of the one-room schoolhouse, where Wales and his three siblings received their early education. As a child, Wales was a keen reader with an acute intellectual curiosity and, in what he credits to the influence of the Montessori method on the school's philosophy of education, "spent lots of hours pouring over the "Britannicas" and "World Book Encyclopedias"." There were only four other children in Wales' grade, so the school grouped together 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. Wales 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. Wales then entered the Ph.D. finance program at the University of Alabama before leaving with a master's degree to enter the Ph.D. finance program at Indiana University. He taught at both universities during his postgraduate studies but did not write the doctoral dissertation required for a Ph.D., something he ascribed to boredom.

Early life and education
Wikia and later pursuits
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