You’re talking about start up businesses, a Harvard MBA gets you well into the 6 figures at established corps. Trying to gauge entrepreneurs is extremely hard but those Ivy credentials help get a lot of funding.
Good thing quality doesn’t pay, Uber is worth billions and has never turned a profit. Pretty sure most of those corps hiring those elite grads are posting record valuations. Quality doesn’t mean anything when you have almost no competition
A couple of great points.
Yes, I made a lame attempt to state the impact Harvard grads have in the big corporate arena. But, they're failing there too. And, arguably, at a much greater level because of the sheer magnitude of losses.
Another good point is the stock value relative to earnings. That's in large part due to the IPO restrictions being lifted and was the most significant factor in both the growth leading up to and the fall of the market in 2001. Since the IPO requirement change, 'marketing' plays a much more significant role in the value of stocks. Albeit, IMO, completely fabricated and artificial. Nevertheless, because stock value is so high, they can justify more debt. If you look at the largest corporations, they're carrying an astronomical amount of debt. I feel this is Pandora's box if the market goes south. Sadly, other assets have also developed a 'debt' model; all to the benefit of those three corporations I mentioned earlier. IMO, investing was much easier when you could see a balance sheet and know whether a company is making enough money to justify their growth or not. Now, it's a more ambiguous psychological element to the 'perceived' value of a company. So much more risk involved, but a risk institutional investors can 'control'. We live in a very scary world on so many levels.