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It's funny - I've evidently met too many because my immediate emotional response was "NO THEY AREN'T HAVE YOU ANY IDEA HOW HARD IT IS TO GET INTO AN IIT?????" More specifically - surely any elite comprises confident mediocrity once it comes into balance.
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It’s confidence relative to capability rather than absolute capability due to vanity metering 🙂 Special case of my meritocracy-is-mediocracy point in another tweet. Also true of Harvard, MIT, Oxbridge etc.