A blogger was kind enough to post his transcription of this interview with Charles Koch of Koch Industries (the biggest company you’ve never heard of). Of particular liking to me
Studying business in school is way overrated. There seems to be absolutely no evidence suggesting that people with a business degree excel more than those without one. As you go to college, you don’t want specifics on how to run a business; you will learn this as you go along in real life. You need to have fundamental tools, such as reading, writing, doing math and science, understanding reality, and having good values that enable you to work with people and create real value.
That has always been my gripe with the MBA’s I’ve met. They’re certainly more confident (which is important) but of the three main tasks of a business (moving it, making it, and selling it) they’re not any more capable than they they would be without the MBA.
Much thanks to C.S. Hayden for posting the interview.