The document discusses different types of MBA graduates based on their competency and networking abilities. It presents these types in a 2x2 grid, with the ideal being competent with good networking skills. The rarest but most valuable are competent graduates who are also good networkers. The worst type are those who are incompetent but good networkers, as everyone knows they are full of nonsense. Those who are competent but bad networkers, like some ex-engineers, can improve by learning to network better.