I think a higher profile school probably would have raised more alarm bells.
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Allan, I agree with flu here. I think it’s a version of the Madoff strategy. Report reasonable, consistent returns instead of huge returns that might attract more attention. So, in Danny’s case, lie… but lie about going to a lower profile school. Also, in the world of high (low?) finance that he was running in, it would probably be too likely that he’d run into an alumnus of a higher profile school from his year. Obviously I’m just speculating. Hopefully he’ll explain it all in the book.