Exam is like sex

After I left examination room last week, an idea came into my mind. When I told it to my coursemates they laughed more than I would have expected. So, maybe its not that bad idea, and I can put it here for your evaluation:

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Exam is like sex. After you finish an exam, you sort of feel, how well you did: "Yeah, OK" or "I truly don't know" or "It was great". But at the end you are never the only one, who evaluates how well you did on the exam.
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M&A's no longer in fasion

A week ago I attended an academic conference named "Fusion: creating synergy?"
IN essence the conference was about mergers and acquisitions.
Many famous people talked there. I only knew one fo them: Geert Hostede. Basically I attended the event because of him. But you might find other famous people as well. (www.managementweek.nl)

The key take-away from the conference:
- Managers are afraid to implement M&A's
- You should not merge if you can avoid it.

Statements were supported by the following arguments:
- M&A fail more often than they suceed
- It is damn difficult to implement mergers well
- # of M&As has decreased significantly
- Most mergers nowdays are done by financial investors, not "corporates".

For me it was a discovery. Maybe my knowledge was outdated, but I still considered M&A as a hard, but innevitable and the right way to go...