"Why MBAs are just a waste of time, money"

"Companies are no longer interested in whether you have an MBA; they want to know what you can do": of course that should have always been true, but, hey, better late than never.

(But it brings to mind something I heard the distinguished economist Armen Alchian say in 1978. When asked how elite colleges could get away with charging so much for their product, Prof. Alchian said most of the value they were providing was the chance to meet potential mates. "If you can find someone who you'll spend the rest of your life with in college, the tuition is cheap," he said. I suspect a lot of the value of an MBA is similarly related to the friends the student makes.)