Maybe I should have been more clear. His bitch was the forced stagnant enrollment at elite universities. I'd be interested to know if UCLA was as elite when he was there as now (assuming not), same as UT, and many others. He had UH grades and was able to attend a university that became more highly regarded after his departure, and magically thinks that's how things should work now. It's not. The universities have gotten better because they have cherry picked the best kids. Can a 2.3 become an outlier, of course. How many brilliant kids should they pass on to take the 2.3's of the world? Where are those passed over brilliant kids going to study? Or is he suggesting there should be no limit to enrollment at any "elite" university? We have a glaring example within a 100 mile radius of home. There is a pretty stark difference between top 6% and top 10%, and another between the top 10% down to having acceptance letters you never requested mailed to you ala Tech. You can be fucking brilliant and if you choose UH over Cambridge, well, you got yourself a UH degree. If Harvard quadrupled their class size tomorrow, it would still be made up of valedictorians and the like, not 2.3's that might make something of themselves 20 years down the line.
I did like several of his other ideas. But a Berkeley grad fussing about why everyone can't have elite degrees is just showboating, or bullshit. Really groundbreaking stuff with the stocks, too. You mean to tell me someone at the height of their career earnings bought in on some stocks that did well 20 years later? Crazy. I bet that's never happened in the history of the market. I'm sure there was never someone who was in the height of their earnings when (name any dow 50) stock was getting started and they bought in cheap - nope, just Gen X.