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July 23 (Bloomberg) -- Geoffrey Porges, an analyst at Sanford C. Bernstein & Co., talks about a potential acquisition of Genzyme Corp. by Sanofi-Aventis SA. Sanofi, France's biggest drugmaker, made a takeover approach to Genzyme, the largest maker of medicines for genetic diseases, about two weeks ago, said two people with knowledge of the matter. Porges talks with Matt Miller on Bloomberg Television's "Street Smart." Bloomberg's Dominic Chu also speaks. (Source: Bloomberg)
So what does it take to be an entrepreneur; Street Smarts or Book Smarts? To be an entrepreneur and succeed in business, is it more important to be formally educated or to be someone willing to forgo traditional education in search of the practical knowledge and experience gained through the business school of hard knocks? After all, there is no fall back for the street smarts; they simply have to make it happen. Are schools and universities nothing more than big institutions designed to produce similar minded employees who value and seek security, are risk averse and are resigned to taking orders rather than creating success through innovation? After all, an entrepreneur seeks freedom rather than security and knows that taking risks and making mistakes are the only way they know to get ahead. Will success at school therefore be detrimental to becoming successful or are highly educated graduates winning the money game in what has become a fast paced, sophisticated, and technological world of business? Just how do non-graduates compare with their highly educated peers in this extremely competitive corporate landscape? Is it necessary to have a high IQ to learn the ways of an entrepreneur? Will simply learning the principles or theory of success guarantee you success or is it really a case of getting started and learning on the job? As the old saying goes; There is no better education than that which comes with experience. The debaters, all extremely successful in their own