The reality is far more prosaic: Markets are roughly efficient, talent is remarkably scarce, and alpha is extremely hard to measure.
Better understanding leads to greater empathy for the "other guy's" point of view and, ultimately, provides the foundation for more effective and efficient talent management practices.
We need to do better than this if we want to create a more globalized and efficient talent system.
"There is a clear and massive need for an efficient talent marketplace in today's job market where employer expectations for entry-level hires are increasing while pathways for graduates are less and less clear," said Kristen Hamilton, co-founder and CEO of Koru, in a statement today.
Hence the enormous importance attached to recruitment and training.Once you have details of employees' work experience on a database, you have a more efficient internal talent market and a faster way to recruit a team to work on a particular project.
Effective talent development requires robust supervision.
East of Brompton, in a 120,000-square-foot decommissioned postal sorting office, the trade show Design Junction presented the festival's most efficient concentration of talent.
"The efficient movement of talent between EU member states is also important to Citi, and many of our clients, whether it be EU nationals from other countries working in the UK or UK citizens working for Citi in one of the other 20 EU countries where we operate," he said.
Furthermore, with government playing a heavy role, the incentives for the efficient allocation of talent are all distorted.
"If it's not next year then hopefully the year after that". The cycling world is incredibly efficient at recycling talent.
A lot of talent, and efficient.
