@blossom Thanks for your attempt to nail down why, in my words, I got shot down in that earlier post. You say I have a weak understanding of what people in finance do…it’s possible that you are being kind in that assessment.
But fortunately, my reference to being shot down in a previous thread was NOT in about finance. It was a thread about the general issue of whether there really is a good reason to go to an “elite” university. I believe that there are LOTS of reasons to go to these universities. One reason is that it is a great crowd.- a good crowd that I’m grateful my kid will join in the fall.
In case you are wondering, my earlier comment is below:
“I’d argue that one of the many good reasons to attend an Ivy League school is to rub elbows with the elite, where elite is proxied as very high income. After all, these are the folks who will be running huge companies one day, running for elected office, becoming partners with corner offices at major law firms, etc. This exposure helps builds social networks that last a lifetime.”
And the “shoot down” was an insult to the kids who attend those schools – those kids got there due to their parents’ accomplishments, not their own, so no reason to want to rub elbows with them.