The Ivy League Idiots

clipped from www.qando.net A hedge fund manager who made about 80 million last year betting against the subprime mortgage market has decided to retire at 37, but not before he gave a shout out to those who were responsible for his windfall. In a letter he says: "The low-hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking," he wrote. "These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government," he said. "All of this behaviour supporting the aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America." I forget who said it, and it certainly isn't true of all graduates of these fine educational institutions, but for, let's say, the bottom 2/3rds of the classes, it isn't about the education so much as the connections they make