> the most financially successful people I know had mediocre college grades
is saying something about p(mediocre grades|successful) i.e. among the people I know who are successful, a surprising number had bad grades.
where the interesting question, given the chronology of the two events is, as you point out, p(successful|mediocre grades)
In an ideally meritocratic world, we should see fewer Harvard grads and magnis cum laudibus occupying the top of the industries.
That's right. I started out nearly flunking out in college, and eventually graduated with honors. The difference was not busting my ass studying, but more effective time management. I had as much free time as before.
This is desirable. People who use psychostimulants to focus are using it as a crutch.
You can train your mind to focus, it just requires a larger time investment than popping a stim.