longoil

The Escalator of Life Is Going Down (Part 2)

>>>In the bully pulpit was our first Harvard MBA President George Bush, proclaiming the benefits of free market capitalism while not being able to pronounce or spell derivative, let alone understand them. <<<

>>>Their models, created by overly confident MBAs, assured them that nothing could go wrong. <<<

Let's see we have George W Bush and Henry Paulson with Harvard MBA's. But, Warren Buffet was refused admission to Harvard business school in 1950.

There is the problem. The admission committee at HBS is essentially determining the future leaders of the US based on an applicant's connections and not their capability or potential.