"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective." -- Warren Buffett, American businessman and billionaire. I received my MBA in 1991 and can safely say I didn’t learn most of what I needed to know today. As valuable as a business degree is—and it had better be, at a cost of $100,000+ for a top-notch MBA—much of the business theory doesn’t apply to my world today. Business school is like classroom training: it provides you with the frameworks, ideas, research, awareness, and tools to ideally deal with the situations you encounter in the business arena. But it can't prepare you for “the real world” and the practical application of doing it behaviorally. In fact, you're meant to figure out quite a bit on your own. … [Read more...]