It's not a binary correct vs incorrect and it's unfortunate that so many that hire see it that way. I don't when I hire and I understand that different approaches work best for different people. You should take that into account instead of thinking that one approach is flatly "correct".

You are correct: I didn't specify what I was hiring for. I didn't have a need for plug-and-chug hackers to knock out one-off fixes, i had a need for talented programmers to groom into software and system architects that would maintain complex systems for many years. First I went for the Farady over Maxwell approach the first 5 years i hired and that was a 50% fail. The next round of going for degrees + hacking worked much better after 3 years. Granted, hackers might be different today than they were in the mid-90's early 2000's

I have a com-sci degree from a non-reputed college from a country that's considered the 'body shop' of the software development world, so my perspective is fairly skewed. That degree cost me virtually nothing as compred to what prestigious colleges cost, took me a year less to complete and I stood first in my graduating class. I graduated at the worst point of the 08 recession. I still remember being kicked out for not being 'qualified' enough without even a chance to interview. Was it worth it? Sure, taught me to figure out whats important and whats not, identify decision makers, optimise my habits to maximize output, work with idiots and geniuses at the same time and i was now 'certified' to code and get paid for it. Would I be able to make do without it? maybe, but I'd rather take this route.