"MBAs learn the concept of clarity and simplicity, the five-minute-manager take on things. The concept may apply to the business plan for a fertilizer plant, but not to highly probabilistic arguments - which is the reason I have anecdotal evidence in my business that MBAs tend to blow up in financial markets, as they are trained to simplify matters a couple of steps beyond their requirement (I beg the MBA reader not to take offense; I am myself the unhappy holder of the degree)."
No comments:
Post a Comment