This is just hillarious! Despite all that is made out about the top B-School MBAs and their decision making prowess.. this system below is pretty good! MBAs are generally very greedy and illogical at times and do not have their feet on ground at times!
So, if you are confused about whether to sell or buy your stock holdings… just pick up the phone and call the Recruitment office at Harvard Business School.. that is the cheapest and the best Stock Market Timing system around! 🙂
Mr. Soifer tracks how many Harvard Business School graduates choose market-sensitive jobs each year. If 10% or less of that year’s class take jobs in investment banking, investment management, sales & trading, venture capital, private equity, or leveraged buy-outs, it’s a long-term ‘buy’ signal.
If 30% or more take such jobs, it’s a long-term ‘sell.’
This year, some 37% of Harvard Business School’s graduate found work on Wall Street, up from 30% a year ago and 26% for the Class of 2004. The trend suggests that Wall Street is becoming bloated and the American economy is ripe for a slowdown.
Mr. Soifer, who retired from Brown Brothers in 2000 and now runs his own consulting firm, appears to be on to something. He advised his friends and colleagues to sell back in 2000, when 30% of the HBS graduating class took jobs on Wall Street. Before that, the last long-term sell he sent was in 1987. Hmmm.
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