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24 December, 06:15

The financial writer Andrew Tobias has described an incident when he was a student at Harvard Business School:

a. Each student in the class was given large amounts of information about a particular firm and asked to determine a pricing strategy for the firm.

b. Most of the students spent hours preparing their answers and came to class carrying many sheets of paper with their calculations.

c. When his professor called on him in class for an answer, Tobias stated,

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