I disagree -- undergrads at Stanford are smart -- smarter than my coevals when I was an undergrad -- and indeed more world-smart. But they are not really brilli

I disagree -- undergrads at Stanford are smart -- smarter than my coevals when I was an undergrad -- and indeed more world-smart. But they are not really brilliant at identifying markets, and are not brilliant at knowing their own weaknesses. These blind spots cohere across the elite undergrad landscape. These are two things that intelligent investors can do very well.