Category Archives: Random stuff

Women and the world economy | A guide to womenomics | Economist.com

Women and the world economy | A guide to womenomics | Economist.com:

?WHY can’t a woman be more like a man?? mused Henry Higgins in ?My Fair Lady?. Future generations might ask why a man can’t be more like a woman. In rich countries, girls now do better at school than boys, more women are getting university degrees than men are and females are filling most new jobs. Arguably, women are now the most powerful engine of global growth.

In particular, there is strong evidence that educating girls boosts prosperity. It is probably the single best investment that can be made in the developing world. Not only are better educated women more productive, but they raise healthier, better educated children. There is huge potential to raise income per head in developing countries, where fewer girls go to school than boys. More than two-thirds of the world’s illiterate adults are women.

The language business in China | English beginning to be spoken here | Economist.com

The language business in China | English beginning to be spoken here | Economist.com:

Today the Chinese are obsessed with English. Anything up to a fifth of the population is learning the language. As Gordon Brown, the British finance minister, observed on a trip to China last year, in two decades China’s English speakers will already outnumber native English speakers in the rest of the world. This is fuelling a market that comprises everything from books, teaching materials and tests to teacher training and language schools themselves. At $60 billion a year, China is already the world’s largest market for English-language services, estimates Mari Pearlman at ETS, an American group that developed TOEFL, a well-known test of English-language proficiency.

Brad Feld on MBA (or SM/MS in management science ;)

Yes, an MBA is BS, that is for sure. I already know that. I guess if I ever go to one it’d be because I want the 2-year break… but for ~100k  I can probably just live in Brazil for 2 years and have a ton more fun…

Right now I’m leaning toward doing my own startup, or to open up a cafe that only serves ristretto and french press, no sugar, milk, cocca powder, cinnamon, and other stuff that really shouldn’t be in your coffee… Or maybe a denim and sneakers bar…

But of course, working for Fred might be interesting too… 😉

Feld Thoughts

Business school certainly has value and serves a useful purpose in this world. However, the essence of the question points at one of the fundamental problems (and possibly misconceptions) about business school. I?m 40. I don?t believe that the degree I have has ever had any material impact on my ?career? during the last 20 years. I can?t think of a single situation where it came up in a conversation about anything that I was considering doing. For a while, I obsessively corrected the ?MBA? and ?MS? listings that would show up on web sites and in public filings ? I finally gave up because I decided it simply wasn?t relevant. While many people wear their degrees as badges of honor on their chests, I prefer to let actions speak for themselves (and ? rather than look at the badges people have, I look for the actions.)

If you want a two year break from life, go to business school. If you want to meet a bunch of new, generally smart, and always interesting people, go to business school. If you are a techie but like the business side of things, want to get an intellectual (and functional grounding) in business stuff, want a two year break from life, and want to meet interesting people, go to business school. But please – don?t worry about whether you are getting an SM or an MS or an MBA – that?s not what you are going for.