Sunday, August 26, 2007

Fast Money MBA Spills the Beans Early

In a surprise move, CNBC's Fast Money MBA Challenge announced the winner before the show was even over. The season finale had the Texas Longhorns take on Yale and a David vs. Goliath battle. I, of course, was rooting for the home team of Texas.

About half way through it appeared that the Bulldogs had won. Than it was announced that the two teams were going to have $100,000 (to Texas) and $110,000 (to Yale, because they had the lead) in stock market picks and the results would be announced after 6 weeks. For what ever reason, I decided to visit the website and there it was announced that Yale won the $200,000 prize.

I don't know how this happened. Was it a mistake? Was it meant to emphasize the power of the web? I have no idea. I would think that CNBC would want as much attention as possible for the TV show as possible. But they chose a different strategy. The person who came up with such an approach should consider going back to school for him or herself.

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