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Completely agree. There are all kinds of areas in which bottom-up model works better than top-down. Look at venture capitalists — bet on a variety of startups knowing that many of them will fail but one may succeed phenomenally well and have outsize returns. You can’t predict which one will really take off. Or look at sports. If baseball knows how to develop talent in the minor leagues, why doesn’t public radio?

Comment by pyker — Wed, 080813 @ 194705UTC