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Before Silicon Valley gets all flattered, consider: "Soifer has long studied the proportion of Harvard MBAs who pursue careers in finance; when more than 3 in
by oneJob 11y ago
Before Silicon Valley gets all flattered, consider:
"Soifer has long studied the proportion of Harvard MBAs who pursue careers in finance; when more than 3 in 10 head for Wall Street, it's time for investors to sell, he says."[1]
I used to work on Wall Street. I left because of this issue writ large. There are quite a few pieces of research claiming this trend is a negative indicator.
[1]http://www.cnbc.com/id/45030885 http://www.cnbc.com/id/45030885
- chad_walters 11y agoLikewise when they start heading to Silicon Valley in droves... Last time around was 2000 -- 'nuff said.
- wpietri 11y agoI can't find the reference, but I recall there being a similar phenomenon with real estate agents. During booms a ton of people flock into the field, increasing the problem and hastening the crash.