Reply to Why are "elite schools" still a thing?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fortune 500 CEOs aren't the richest people in the US if they didn't found their companies.

Even then, the CEO of Blackstone (top 20 richest in US) won't show up on the Fortune 500 list because Blackstone the company doesn't employ that many people...even though they own lots of companies that employ lots of people.

How many hedge fund founder/owners, VC managing partners, etc. are on the Forbes 400 but their companies will never be in the Fortune 500.

Hence, go look at the Forbes 400 list of richest people.[/quote]

The type of wealthy people you're talking about are mostly those whose outcomes are already determined, regardless of which school they attended. 
This group could easily get into top schools anyway. 
Therefore, your argument that 'the verifiable most successful people in the world are heavily concentrated in top schools' is largely because they are sent to those schools and recruited by the firms, rather than because they became rich by attending those schools.

So mostly it's people, not schools. [/quote]

It's the age-old question...just making it clear that anecdotes are meaningless, so anytime someone is tempted to write their BS anecdote, just don't.

However, the founder of Blackstone went to public schools in the Queens.  Ken Griffin, founder of Citadel, attended a suburban public school in Illinois, but not from a loaded family, etc.

Not sure how their outcomes were already determined.  Mark Zuckerberg's parents were dentists...again, UMC but not exactly screaming massive billionaire status.

[/quote]

NP--An enormous percentage of the wealthiest people in the world inherited their wealth. You can cherry pick those who didn't all you want, but that doesn't change the facts. And since it's been shown many times that wealth and happiness don't correlate after you get beyond a certain threshold (I think it's around $125k/year now), why do we continue to equate wealth with success anyway?[/quote]

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