A Stark Failure

The transcript discusses the speaker's formative experience as a management consultant, highlighting the challenges faced in predicting market trends. This experience motivated the speaker to study social science to better understand corporations and the marketplace. The speaker describes a project involving a macro trend study for a mutual fund company in Japan, which resulted in inaccurate predictions, emphasizing the complexity of solving social problems and the difficulty of predictive work.

What motivated the speaker to return to university?

How does the speaker justify the study of business as a form of social science?

What was the outcome of the macro trend study conducted for the mutual fund company in Japan?

What challenges did the speaker face in predicting trends in the Japanese market?

What lesson did the speaker learn from the experience of making predictions?