Harvard MBAs bad for Wall Street

From Slate: “Consultant Ray Soifer (Harvard MBA, 1965) has been tallying the career paths of fellow HBS alumni for several years, and what he has discovered confirms what every Yalie has always suspected: Harvard is bad for America… Soifer has found that the initial career choices of HBS grads amount to a ‘rather esoteric but nonetheless generally accurate long-term indicator of the US equity market,’ he notes in his most recent report. Make that a contra-indicator. The more Harvard grads on Wall Street, the worse the market does.”