Reply to Do other students benefit from the overrepresentation of the wealthiest 0.1% at T20s and top SLACs?

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[quote=Anonymous][quote=Anonymous]This topic comes up on here periodically. I went to an elite Ivy 30 years ago and the same phenomena existed back then. There were the very rich kids and they were insular to themselves. And there's also cliques within that world too. My own cohort was the nice UMC kids from day schools or high performing public schools in affluent suburbs, and we overlapped a bit with a Park Ave/boarding school cohort. They were nice enough and we were friendly, but it was also always clear who they were and who we were. And then there was even another level of wealth above them. Jet setters, famous last names like Rockefeller or Rothschild, kids of famous actors. They were entirely unto themselves.

After graduation, all that went away. The Park Avenue kids retreated to their own world. [b]The super rich went back to being totally invisible[/b]. The same will happen to your kids too, whatever friendships they may form in college.

I will add that I flew back from a work trip to London a few weeks back and in front of me in the boarding queue at the airport was a small group of very groomed college girls. And I couldn't help but notice one transfer $7,000 to another's bank account on her phone and it was for a trip of some sort. And I had flashbacks to my own college days and had to laugh. Rich girls are always rich girls. [/quote]

A wise rich client of mine put it best. He asked me "do you know what is better than being rich and famous?  Being rich and not famous."[/quote]

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