Hey, it’s been a really long time since I posted a quote of the day. So here’s one for you all:

A society in which smart, hard-working young people with generic ambitions tend to become hedge fund and private equity fund managers, management consultants, corporate lawyers, and strategists for technology monopolies is probably not one that is allocating talent effectively.

— James Y. Kwak, “The Curse of Credentialism“, The Baseline Scenario (2016-12-26)