What three things does Walter tell George Murchison a college education fails to do?

Walter tells George Murchison that a college education fails to provide practical experience, instill respect for working people, and offer a genuine understanding of life’s hardships. He emphasizes that formal education does not equip individuals with the real-world skills and values needed to navigate life's challenges. Walter's perspective reflects his frustration with the limitations of academic achievements compared to lived experiences and personal aspirations.