by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc
I am currently sitting in my hotel room in a relatively small Midwestern town waiting for a conference to start tomorrow at which I am speaking. Not really feeling all that great so I decided to take a break and read a book that I picked up last week titled “The Quantum Ten”, by Sheilla Jones. I am really enjoying the book (so far). It is about the birth of quantum mechanics and the personalities of the people who created this very important paradigm shift in physics.
As I was reading along I read the following quote by Einstein who is talking about his well known days in the Swiss Patent Office, where he had to go as no one would accept his thesis(s) and thus he could not get a position as a physics professor or researcher.
“ “In a way”, said Einstein, “this saved my life; not that I would have died without it, but I would have been intellectually stunted.” “
Upon reading that I thought about what the outcomes might be if we take all of the people coming out of MBA programs and Financial Engineering programs and give them jobs that are quite different for what they have been groomed for. That would allow for maturation of the knowledge, development of a better world view, and especially in the case of risk would avoid academic group think.
How many of our graduates are “intellectually stunted” because they are pushed into a specific line job too early – before they have had time to develop. Every wine drinker will get this concept.
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