It&#x27;s important to note signaling works both ways.  Many people bin &#x27;Ivy&#x27; resume’s for a variety of reasons.<p>Reputation is also very fluid over time, Yale arguably took a big if likely short term hit from George W. Bush.  Of course with 5 presidents Yale clearly has some serious connections.<p>I have even seen things swing both ways as schools are looked at as a great talent source. This lets less capable people in on reputation. Resulting in a backlash where people think X is overrated.<p>PS: Don&#x27;t forget the supply of Genius is smaller than the number of slots at top schools and many of them take other paths.  So, you got a pool that&#x27;s above average, but not that far above average.