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One way to predict the next ‘bubble’

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in Leaders & Managers,Leadership Skills

Marc Andreessen, co-founder of Netscape and one of the biggest venture capitalists in Silicon Valley, finds MBA graduating classes to be a reliable contrary indicator.

In the late 1990s, it seemed every newly minted MBA wanted to start a company in Silicon Valley. In the aughts, they flocked to Wall Street.

“If they all want to go into investment banking, there’s going to be a financial ­crisis,” he says. “If they want to go into tech, that means a bubble is forming.”

His advice? Head in the opposite direction.

— Adapted from “Bubble? What bubble?” interview with Andrew Goldman, The New York Times ­Magazine.

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