The world needs more MBAs

Yesterday Jeffery Sachs, George Soros and Nouriel Roubini discussed the current market crisis at Columbia University. http://www.earth.columbia.edu/worldeconomy/ The debate was quite amusing to watch as there was enough current administration and Greenspan bashing to entertain any Obama supporter. Besides truisms like cyclical market has cycles, implying let them be, the takeaway was that of need for skepticism in analyzing the markets due to the inherent inefficiencies of the markets. It is fair to say that today’s economists have to be questioning the observed reality and what’s priced into markets as much as Soros is. So perhaps I could walk away more learned and with a healthy dose of skepticism of the panels gloomy outlook for the finance sector.