I went to Mackinaw Island for an insurance conference two years ago. I was struck by the number of Jamaicans and Asian (Filipinos I guess) foreigners serving food at that place. It seems like such an out of the way place for immigrants to get a summer job. It took me two flights, a two hour car drive, and a ferry to get to the island from Chicago.

Bernstein's one of those people who is so sheltered, he might actually think that the average American pays $7,000 for their kid to go to camp for a couple weeks.

Leash maybe you read it this way, but I certainly did. When we met him, it sounded like he is in the lowest social strata and income bracket among his group of friends. He was pretty direct in saying that his friends are much smarter than him- hedge fund guys and the like. So you're probably right.