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John Byrne with Poets and Quants and Harold from Stratos Prep discuss the importance of recommendation letters in the MBA admissions process. They highlight the key building blocks for a great letter, emphasizing authenticity, specificity, and quality. It is crucial for the recommender to truly know and have worked closely with the applicant. Having a well-known figure write the letter may not be as effective as someone who can provide genuine insights into the applicant's abilities and character.