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> here is an attempt at summarizing what I took from these books into some bullet points: > Education is more important than ever for helping rich people stay
by barry-cotter 5y ago
> here is an attempt at summarizing what I took from these books into some bullet points:
> Education is more important than ever for helping rich people stay rich.
For elites, education is sort of about academics, but it also is about how to act rich. (“Act elite,” if you prefer.)
There is competition for elite jobs, but to even qualify for those jobs you have to act elite. Knowledge is more like a minimum. How you act, socially, is what will get you hired.
A lot of what happens in less-elite spaces is like a watered down version of this dynamic.
- formerkrogemp 5y agoMy friend alleged when interning for a private equity company that part of their due diligence for funding startups was check whether the founders went to or dropped out of various ivy league schools. I later found out that wasn't the company's procedure, but rather his. He's much happier as a developer now.