I prize practical experience balanced with formal education. In our family we have a pledge to Yale who barely graduated - but the Yale degree certainly gave them street "cred" needed to get ahead. Opportunity given to them that was not really deserved. Then again I know those who went to State Colleges and alternative educational institutions who are actually much more knowledgeable and talented.
Sorry, I don't buy the ivy league superiority argument.
Actually, no. I only know a handful of people with Ivy League educations, and honestly there isn't an idiot among them. I'll grant you that my sample is skewed because I don't know any Ivy League grads who aren't physicians.