... the area where the analysts and strategist perform and implement their ideas and portfolio management. Initially though that this area could be considered as a good base on which to start, but it is often seen as the high ground ideas are at best a waste of time and at worst become hallowed falsehood. The people involved in the swampy lowland on the other hand are described as being messy but crucially important for the problems. When asked to describe their methods of inquiry, they speak of experience, trail and error, intuition, and muddling through. Schon compares the world to a swamp surrounded by high ground. From the high ground, we see problems clearly, while in the swamp, the problems are confused, murky and difficult to tackle. On a related front Alice Rivlin of the Brookings Institute that evaluation may hold deeper issues from an investor perspective: "It has occurred to ...

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