Day 2

I think before you try to figure out the why, how, when and where, you need to know the "what"- and sometimes you just don't. For instance, I talk with my fellow MBAers all the time about WHAT they want to do upon graduation and in many cases they don't know. Some even figure out the where (location) or why (terrible job market) before they choose the what. Not sure where I'm going with this point.

I did like the idea of being a "T" person. I think this concept sums up a lot of the reasons I came back to B-school. I already have the broad base with a background in the Navy and 6 years of professional experience living in NYC, Chicago and San Diego. What I needed (and am getting) was a deep understanding of a technical skill (accounting/finance) that I can build off of for the rest of my professional life in investment banking.

Day 1

Today we spoke about the historical cycles of technological development and how they led to a panic or depression in a relatively short time frame. My question is, what about the internet? Hasn't this TD been a game changer? For example, the hot topic right now is unemployment. The internet has changed the game with how people go about finding employment over the last 10 years and has made the process considerably more efficient by matching up job seekers with job opps all over the world. Is this why our unemployment rate is still around 7% and not worse? What happens if the rate still jumps to 10%, is that the equivalent of 15% 20 years ago? Just a thought.

Historical cycles of development:
1771 – Industrial Revolution
1829 – Steam and rail roads
1875 – Steel and Electricity
1908 – Automobile
1971 – Computer (Intel)

Each event led to a panic or depression 25 to 30 years later