What are bad recommendations you hear in your profession or area of expertise?

There are a few things I dismiss and a few I believe in thoroughly. The former include economic forecasts, which I think don't add value, and the list of the latter starts with cycles and the need to prepare for them.

And it brings us to the debate that has been going on here: aid versus private sector, aid versus trade, etc. And someone stood up to say that one of the frustrating things is that it's been a simplistic debate. And that's not what the debate should be about. That's engaging in the wrong debate. The issue here is how do we get a partnership that involves government donors, the private sector and ordinary African people taking charge of their own lives? How do we combine all this?

In order to grasp every opportunity, you cannot — you must not — decide your "career path" in advance. Don't have a job fixed in your sights and work backwards — it can be the road to disappointment because you risk passing up opportunities that might take you "off-course."

This is what happens when we confuse morality with frugality. We've all been taught that the bake sale with five percent overhead is morally superior to the professional fundraising enterprise with 40 percent overhead, but we're missing the most important piece of information, which is: What is the actual size of these pies? Who cares if the bake sale only has five percent overhead if it's tiny?