Reply to I’ve observed that truly affluent families are blasé about where their kids go to college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there are different kids of rich. The law/hedge fund/finance types in NYC & burbs very much care about where their kids go to school. What do you think the Varsity Blues case was about? I have a finance bronrelative who came very close to trying to bribe his kid into a top college but thankfully came to his senses when he realized his kid would struggle academically there anyway. So they picked an easier state school. And are now bragging up a storm about kid #2 who got into a fancier school on their own merits.

I can imagine that the wealthy who come from non-academic/non-intellectual industries care a lot less. [/quote]

Yeah, I think it is the difference between White Collar rich and Blue Collar rich.  For the most part, someone getting super-rich by starting a tech company, starting a hedge fund, working in P/E, etc. care much more about status colleges (and likely came from one).  Someone that got rich in the oil fields, or becoming the largest McDonald's franchisee in the Southeast probably has a different attitude.

For the tech company dropout billionaires...college is a bit of a weird decision.  To them, the ultimate mark of success is to get accepted to Stanford, but then either not attend at all or drop-out after 1 year.  [/quote]

Gas & Oil tends to be highly educated due to the international nature and regulatory environment.  [/quote]

+10000.  Only someone from DC would equate oil and gas with McDonald’s franchisees.  [/quote]

No, only someone from DCUM would think being the Head Counsel or CEO of Exxon is how people make the real money in oil and gas.

Read up on the wildcat billionaire and company founders before you post inane comments.[/quote]

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