tag:blogger.com,1999:blog-9430835.post9212809124172120192..comments2024-03-29T05:14:33.223-07:00Comments on Steve Sailer: iSteve: Fighting alumni biasUnknownnoreply@blogger.comBlogger35125tag:blogger.com,1999:blog-9430835.post-79169803527048425172011-06-03T11:55:00.748-07:002011-06-03T11:55:00.748-07:00Goldman Sachs, discriminate extravagantly based on...<i>Goldman Sachs, discriminate extravagantly based on college attended."<br /><br />I thought your view was that, as illustrated by Jackie Robinson, there is no need to worry about hiring discrimination in competitive markets. If Goldman Sachs discriminates then J.P. Morgan will run it out of business.</i><br /><br />That assumes the highest level of financial decisions and the people hired to make them work in an efficient market rather than nepotistic clubs protected by artificial high barriers. <br /><br />You know, the same efficient market theory that Alan Greenspan assured in 2006 make hedge funds safe and the possibility for a housing crash virtually impossible.Nose on Facenoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-59339495474637682572011-06-03T07:00:33.397-07:002011-06-03T07:00:33.397-07:00"Fighting alumni bias" or, "Human n..."Fighting alumni bias" or, "Human nature must be overcome and will be defeated".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-41942355954066415632011-06-02T09:46:11.568-07:002011-06-02T09:46:11.568-07:00whose output is sold to US government contracts.
l...<i>whose output is sold to US government contracts.</i><br />lets not forget the whole minority government contractor racket.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-11622978490774362272011-06-02T09:16:38.682-07:002011-06-02T09:16:38.682-07:00Asian business built on recycled technology, funde...<i>Asian business built on recycled technology, funded with MBDA loans, </i><br />chinese millionaire from an educated family can come here and get a low interest SBA loan that no white can qualify for.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-9804535291655833792011-06-02T09:09:33.479-07:002011-06-02T09:09:33.479-07:00You would no doubt elevate the quality of dialogue...<i>You would no doubt elevate the quality of dialogue here if you pruned some of the more insipid or spurious remarks.</i><br />care to actually offer a counter statement rather than a oh so typical minority request for censorship (orientals come from authoritarian societies so i guess this is the norm)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-48182469554929383592011-06-02T00:20:31.012-07:002011-06-02T00:20:31.012-07:00I thought Goldman Sachs hired at places like the U...<i>I thought Goldman Sachs hired at places like the University of Chicago. At least it did back in the 90's.</i><br /><br />GS and the other major i-banks tend to recruit at around 15 to 20 schools.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-2176215843131486512011-06-01T22:17:12.009-07:002011-06-01T22:17:12.009-07:00I like your idea, Steve. But it'll never happe...I like your idea, Steve. But it'll never happen. The HYPe is just too powerful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-67692130747702867782011-06-01T21:08:11.830-07:002011-06-01T21:08:11.830-07:00I thought Goldman Sachs hired at places like the U...I thought Goldman Sachs hired at places like the University of Chicago. At least it did back in the 90's.mapnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-40067834737430442762011-06-01T21:06:07.375-07:002011-06-01T21:06:07.375-07:00"Yet, there is a rational piece of the puzzle..."Yet, there is a rational piece of the puzzle, which is that many elite employers, such as Goldman Sachs, discriminate extravagantly based on college attended."<br /><br />I thought your view was that, as illustrated by Jackie Robinson, there is no need to worry about hiring discrimination in competitive markets. If Goldman Sachs discriminates then J.P. Morgan will run it out of business. But Goldman Sachs is still in business. Therefore, Goldman Sachs doesn't discriminate based on college attended.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-58368306814971900892011-06-01T21:06:06.207-07:002011-06-01T21:06:06.207-07:00One of things college has taught me is that Ivy Le...One of things college has taught me is that Ivy League schools tend to outperform non-Ivies of similar selectivity and stature in the world finance/consulting recruiting. <br /><br />Harvard, Yale, and Princeton outperform Stanford, CalTech, and MIT. <br /><br />Columbia and Dartmouth outperform Chicago and JHU. <br /><br />Duke seems to be an exception to the rule.Alhttps://www.blogger.com/profile/17327836181389523648noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-91116149703497447802011-06-01T21:04:11.037-07:002011-06-01T21:04:11.037-07:00Fred -
"What a ridiculous generalization. Th...Fred -<br /><br />"What a ridiculous generalization. There's a big difference between Chinese in China and Chinese Americans who were born here. Chinese Americans are well represented among leading tech entrepreneurs in the U.S. -- there's the Zappos CEO, Tony whatever his name is, the guy who runs Cheeseburger Networks... you can look up others if you want."<br /><br />Ah...yes...another Asian business built on recycled technology, funded with MBDA loans, whose output is sold to US government contracts.mapnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-87987245621328351972011-06-01T19:25:41.859-07:002011-06-01T19:25:41.859-07:00Gaming your way into a school that's above you...Gaming your way into a school that's above your abilities shouldn't be an attractive strategy. If it's an attractive strategy, that means the school isn't doing enough to actually challenge students while they're there instead of just using the admissions process to decide who's going to graduate. If you need your admissions essay ghostwritten for you, what to do you when you have to write your first college paper? If the answer is "write poorly and get an A-", the main problem isn't students effectively gaming the admissions process, it's grade inflation and generally low academic standards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-10970737272230934132011-06-01T16:41:01.897-07:002011-06-01T16:41:01.897-07:00"this is why we should stop oriental immigrat..."this is why we should stop oriental immigration and encourage the ones here to go home, they will stagnate our society. I truly believe their brains are 'wired' differently - they don't think like us, they more robotic."<br /> <br /> Steve - I hold you opinions in high regard much of the time, but the level of intelligence and insight displayed by many of the regular posters on your blog leaves a great deal to be desired (i.e. Whisky, Agnostic). You would no doubt elevate the quality of dialogue here if you pruned some of the more insipid or spurious remarks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-66868892637864876552011-06-01T15:15:29.813-07:002011-06-01T15:15:29.813-07:00Those doing the hiring are almost all Jews, Asians...<i>Those doing the hiring are almost all Jews, Asians, or Indians who went to the same schools, and they seek to hire more of their kinsmen</i><br /><br />I graduated from an Ivy League school in '05 and worked for two years as an analyst at a Wall St. investment bank. I went through dozens of interviews for different firms, and through several rounds of interviews for many firms. Most of the recruiting, which is done by analysts, associates, and managing directors, not by HR type people, was done by Whites and Jews, with a smattering of Asians and Indians here and there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-42546420268300011462011-06-01T15:06:23.644-07:002011-06-01T15:06:23.644-07:00#1 Harvard, Unitarian, cosmopolitan, went Jewish e...<i>#1 Harvard, Unitarian, cosmopolitan, went Jewish early but not "too Jewish" </i><br />25% of the student body jewish, nearly all department heads,and only 10% white christian male is not 'too jewish' <br /><br />LOL its a bastion of jewish powerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-63970690045643993952011-06-01T13:15:39.925-07:002011-06-01T13:15:39.925-07:00i'd have to go back and look to be sure, but m...i'd have to go back and look to be sure, but most ivys are typically strong, to various degrees, in medicine and law and finance, and weak in engineering and science. they aren't all weak in science, harvard at minimum is very good and does a good amount of important fundamental reasearch, but in general ivys aren't super science research centers and definitely not engineering powerhouses.<br /><br />the world doesn't run so much on what the ivy league people are doing. that's more like state school engineering grads, MIT, stanford, caltech guys.<br /><br />they do get to tell us how to run the world, though. at least in the US. i recently watched this BBC documentary about the clinton years and how many of the important global finance decisions in the US were being made by one or another of various ivy league jewish guys, leading to the asian financial crisis of 1997.<br /><br />current rulers include tim geithner (dartmouth) and ben bernanke (harvard). neither seems to know what he's doing, although geithner, who is german, is probably fair game to criticize since he's not jewish and you can dole out a beating on him without much backlash.jodynoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-30392267144286022432011-06-01T12:58:46.643-07:002011-06-01T12:58:46.643-07:00harvard and yale were the important ones for the l...harvard and yale were the important ones for the longest time, until recently, when princeton began a serious program to try to match them. they started this, oh, 20 years ago or so. it's been working, in my opinion. princeton is about equal to yale now. probably not in prestige but in most other ways. princeton recruited me for sports, i didn't go there though. i know a couple princeton grads.<br /><br />columbia is ai'ght. that's where one of my high school friends became a neurosurgeon. penn i don't know much about. i've been there once but that was it. high school girlfriend went there for undergrad, became a geneticist, never heard from her again.<br /><br />cornell is the place where people go who didn't get into the others, like another poster said. knew a guy who went there, sadly had a lot in common with that character on the US version of the "the office" where he keeps talking about how he went to cornell.<br /><br />dartmouth is the smallest one, seems to punch above it's weight. was gonna go up there and look around in the late 90s but never did. brown seems like a self-inflicted joke now and is probably not to be taken seriously.jodynoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-90095742699515564472011-06-01T12:43:39.419-07:002011-06-01T12:43:39.419-07:00In Korea, the test prep schools are attended for 4...<i>In Korea, the test prep schools are attended for 40 hours a week, and the kids are basically memorizing essays to use in given situations. There are triple 800 Koreans who can barely speak English.</i><br />this is why we should stop oriental immigration and encourage the ones here to go home, they will stagnate our society. I truly believe their brains are 'wired' differently - they don't think like us, they more robotic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-67436697114360598802011-06-01T12:27:59.650-07:002011-06-01T12:27:59.650-07:00well it seems to work, anyway. i just grabbed the ...well it seems to work, anyway. i just grabbed the endowments from wikipedia. 2010 figures, in billions:<br /><br />27.5 harvard<br />16.6 yale<br />14.3 princeton<br /> 6.5 columbia<br /> 5.6 penn<br /> 4.3 cornell<br /> 2.9 dartmouth<br /> 2.1 brown<br /><br />i'm sure the formatting looks like s, as always. wish there was a good way to do tables here.jodynoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-45504668228552905872011-06-01T12:15:28.975-07:002011-06-01T12:15:28.975-07:00So, why not quotas for, say, Goldman Sachs?
I ju...<i>So, why not quotas for, say, Goldman Sachs? </i><br />I just love the idea. Let's see... how about 40 % Black, 40 % Hispanic, 5 % Asian, 5 % Wasp, 5 % White Ethnic, 3 % White Southerner, 2 % Jewish?<br />Sounds about right.Bruce Bannernoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-57979189209078198372011-06-01T11:24:21.350-07:002011-06-01T11:24:21.350-07:00For Asians it's all about brand names. In Sin...For Asians it's all about brand names. In Singapore everyone had to have a Motorola cell phone, smoke Marlboro cigarettes, and know someone who went to Harvard. Why should it be a surprise that various Wall Street firms restrict their hiring to alums from certain schools? Those doing the hiring are almost all Jews, Asians, or Indians who went to the same schools, and they seek to hire more of their kinsmen (note: when Whites do this it is racist; when Jews, Asians, and Indians do this it is minority outreach and comfort with others of a similar background).<br /><br />The ranking of Ivy League (or little ivies, or the seven sisters) could be debated endlessly. Both Harvard and Yale undergrad are lousy, with large classes taught by mostly foreign-born (and unintelligible) TAs and grad students; their graduate programs vary. Brown went open-ed standards years ago, and Cornell has been a joke on the periphery of "big name schools" since the 70s. Vassar obliterated its standards to go co-ed early on; Smith has become Lesbian central. None of these places is worth indebting oneself for; White Americans need to stop applying and marginalize these places as the minority cultural ghettos they are; minimal White applicants would also help stop artificially inflating their application/acceptance ratios.Sheilanoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-80812974385140317532011-06-01T11:01:40.935-07:002011-06-01T11:01:40.935-07:00One of the many stupid arguments for more immigrat...One of the many stupid arguments for more immigration is that so many graduates of American colleges (especially grad school) are foreign, therefore we should "staple a green card to their diploma" so their expensive education doesn't go to waste.<br /><br />Why not cut the slots for foreign students dramatically and give them to Americans?Thripshawnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-56668032945188093452011-06-01T10:35:55.736-07:002011-06-01T10:35:55.736-07:00What's the alternative for GS? Hiring by SAT s...What's the alternative for GS? Hiring by SAT scores? Well, the aspie Caltech grads that Steve has recently mentioned probably wouldn't do well in most areas of finance. I understand that quants are needed in hedge funds, but there's much more to finance than that. To get a major social-climbing prize like an admission to Harvard, you, your parents, or most likely both, would have to be good with people besides being smart. A pursuit of such a prize would test many of the same BSing skills needed by those companies. Plus intelligence. <br /><br />GS is of course a parasite on the body of the world economy, but how can anyone think that it's an ineffective parasite? Whatever it's doing works. Including, apparently, on the hiring front.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-52655037733280345262011-06-01T10:13:04.680-07:002011-06-01T10:13:04.680-07:00"perhaps this is why orientals do so poorly o...<i>"perhaps this is why orientals do so poorly outside highly structured paint by numbers environment.<br /><br />THey are an industrious race, but utterly shallow and lacking in critical thinking skills."</i><br /><br />What a ridiculous generalization. There's a big difference between Chinese in China and Chinese Americans who were born here. Chinese Americans are well represented among leading tech entrepreneurs in the U.S. -- there's the Zappos CEO, Tony whatever his name is, the guy who runs Cheeseburger Networks... you can look up others if you want.Frednoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-53595612802988913252011-06-01T08:29:07.263-07:002011-06-01T08:29:07.263-07:00If you are a firm like Blackstone private equity, ...If you are a firm like Blackstone private equity, hiring from Harvard means that you will also get your employees accepted at Harvard BS. That ensures that Harvard can have a direct line to the rich guys at Blackstone and likewise, the rich guys can get their proteges in at Harvard, making it easier to hire the best young talent (oh, our last ten recruits ended up at either Stanford, Harvard or Wharton).bjjdubbssnoreply@blogger.com