"Good" colleges are a self-fulfilling prophecy. If the best students organized online and randomly picked some backwoods institution and applied there, it woul

"Good" colleges are a self-fulfilling prophecy. If the best students organized online and randomly picked some backwoods institution and applied there, it would instantly become the place to be. Meanwhile the previous top schools would be left with the second-stringers. It bears repeating: out of the top 10 richest "U.S. Americans", 4 inherited it; of the six who didn't, one has a degree (Warren Buffett), and 5 are drop-outs: Bill Gates, Sheldon Adelson, Larry Ellison, Paul Allen, and Michael Dell. Woz dropped out to start Apple (he went back to school only after he was done working there) and Jobs dropped out of Reed College here in Portland. (We're all very proud of him.)