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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money.  If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second.  They will sniff him out and see that there is no there there.  Wall Street likes super smart, ambitious and often scrappy.  These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools.  I can think of no successful hedge fund, private equity or investment bank head  who is an Ivy legacy.  Ivy definitely yes, Ivy legacy no.  Your frame of reference is way out of date.  [/quote]
You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse. [/quote]

There's a reason these kids' parents went to Ivies. They're smart. And their kids are smart. Yes, it's genetic. Being born to rich, smart, white parents doesn't make you stupid, in fact, chances are, it makes you smart, hard-working, and driven, for the most part. Hate to break it to all of you.[/quote]

Lots of smart people in the world. Let everyone compete equally. Kill legacy admissions.[/quote]

Tradition and history matter to these colleges. Of course financially, but beyond that as well. Sorry if you don't understand that. They are part of what makes them special and desired institutions in the first place.[/quote]

Ha ha. I have seen self serving — but this takes the cake.  “Tradition and History” should not enable persistency of  (undeserved) privilege. Surely you understand that.

Let everyone compete equally — what could be more American than that?

Why so scared?[/quote]

I'm not scared of anything, I am telling you that you are tilting at windmills and trying to change institutions in ways that are inconsistent with their character and that they don't want. Who defines what is deserved? What does "competing equally" mean and when has that ever been the essence of America? Read Sandel's new book if you would like to get some perspective on what the reality is. And then if you want to keep tilting at windmills and advocate for his lottery idea, by all means have at it. [/quote]

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