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.
The most probable assumption is that no currently working 'business theory' will be valid 10 years hence.
Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.
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