Conventional wisdom has it that elite students will attend elite institutions, such as Williams, Reed, or Carleton.

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One is it's so early that the process is driven by, kind of, elite media conventional wisdom rather than the voters.

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The Hedge Fund Wisdom newsletter reveals the portfolios of an elite group of hedge fund managers and legendary investors.

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So conventional wisdom is wrong: ordinary students will get an elite education, at least in the quality of the experience, though not necessarily with the same content.

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During the last quarter ending June 30, Hedge Fund Wisdom reported that Apple was a consensus buy among the 25 elite funds it tracks in each quarterly issue.

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One of those opinions confirms the conventional wisdom that U.S. higher education, especially at our elite research universities, is world class while primary and secondary education, especially in our big city school systems, are lagging badly.

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