So a work experience kid at Morgan Stanley in the UK has written a paper on his and his friends media habits.
Of course, everyone is talking about it. Morgan Stanley even published it.
I read the article and thought it was pretty funny. It either says this kid is the most insightful analyst ever (possible considering most analysts) or Morgan Stanley is a bit short on inspiration. Or a bit of both
The head of the team called it … “one of the clearest and most thought-provoking insights we have seen.”
And in a sign that fear and vulnerability is probably the biggest factor driving many parts of the industry now, the knee jerk reaction from others was astounding. In any other industry would the thoughts of 1 teenager be perceived as so newsworthy and insightful?
“We’ve had dozens and dozens of fund managers, and several CEOs, e-mailing and calling all day,” said Mr Hill-Wood, 35, estimating that the note had generated five or six times more feedback than the team’s usual reports.
There is no doubt the report is a very accurate, well research piece of work … that illustrates the habits of one person without any real statistical rigour.
If one kid stating the obvious is such a superior piece of insight to these people, what does it say for the rest of their output?