(source: https://youtu.be/lveMkZc-NRE, https://www.nytimes.com/2019/03/12/style/olivia-jade-giannul...)
There is an old saying "It isn't what you know its who you know". Ray Dalio says that line of thinking is disastrous. Its all about personality and experience. You put the right people in the proper places and its golden, and you can qualify those results (and who are the right people) with data.
Seriously, I was staying at the Trump hotel in Chicago (before Trump ran for president -- before I ever gave much thought about Donald Trump). Anyway, there was a looping video on the TV and she was inviting guests to stay at any one of their other Trump hotels around "North America and Canada." It was at that moment I realized that she thought North America was some kind of Northern area of America. I no longer wonder how she got into Wharton.
Who is "she"?
I saw similar fabrications growing up as I attended one of the wealthiest high schools in the country. The top 10 of my graduating class got complete scholarships the most expensive schools in the country and the parents were willing to do anything to the school faculty to make sure their child had a higher class rank.