model
Elite schools stay famous because they maintain a diversified portfolio: mostly safe rich legacies and athletes, with a small risk slot for marginal high-upside applicants.
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Portfolio
Elite schools stay famous because they maintain a diversified portfolio: mostly safe rich legacies and athletes, with a small risk slot for marginal high-upside applicants.
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Timestamped Evidence
Transcript
"So let's say if Harvard and Princeton are these college students, then why they're still so famous, because the system is just unreasonable and..."
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Transcript
"...do all risky investments, okay? You always have diversity in your portfolio. So the majority of students are still students who will be successful..."
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Relevant Lectures And Readings
Reading
The lecture turns meritocracy from a school virtue into a trauma machine: Harvard invents selection as power preservation, Yale trains insecurity as ambition, and the winners become actors who can promise goodness while serving...
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