The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
Erroneous assumptions can be disastrous.
Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.
The most probable assumption is that no currently working 'business theory' will be valid 10 years hence.
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