Of course I wouldn't go so far as to say no one has ever used it effectively, but it seems like in the vast majority of cases, it's bullshit all the way down.

Of course I wouldn't go so far as to say no one has ever used it effectively, but it seems like in the vast majority of cases, it's bullshit all the way down. It's a surreal experience when you realize how executives are making decisions based on something that, after a moment of critical thought and common sense, clearly has no more relevance than some integers pulled out of rand(). Chuckle and shake your head is indeed about all you can do. Just try not to visibly smirk if you're ever involved in acquisition talks. Play along.