Monday, December 15, 2008

Wisdom of the Harvard MBA

How much is a Harvard MBA worth these days? The latest casualty list of the Madoff ponzi scheme (a ponzi scheme is so old school compared to the shenanigans of the subprime credit crunch) must have left some the due(dud) diligence researchers with Ivy League MBAs working for these firms and funds somewhat red faced. It won't be long before they join their fellow Ivy leaguers who assessed credit risk for their similarly once esteemed Wall Street Firms on the streets of Manhattan or Chicago.

Now before this sparks a swathe of pro-MBA email the point I am trying to get across is the game has changed not just for Wall Street and the old boy network who's ignorance created this mess, but for the education establishments which fed into this network. Will the value/cost of these degrees, or a career in finance be reassessed?

Good students go to "poor" schools and rich parents send poor students to "good" schools. Maybe greater emphasis will be placed on individual skills and not the colour of the degree? Whatever happens we now have a whole new ball game with a very large void to fill.

I suspect we will see the good students who went to the good schools start 'boutique' investment firms; managing relatively modest sums with just a handful of clients, all done with minimal fanfare. It won't be long before new trees fill the space vacated by the burnt down forest. It will be these people and their firms who will be the ones to watch and follow for the future.

So with that said now is a great time to get back to the basics; time to take responsibiliy for ones own money by doing you own research. At Zignals we are here to help; free stock alerts, free stock charts, free stock screeners; real time prices; chart annotating, saving and sharing through email. New services coming online soon. Just your email address is required to join. If there are areas you would like to see covered in this blog then drop me a line at

Also, when did "billion" become the new "million"?

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts, and stock charts website