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It would only be an oversimplification if they had claimed that every book reader understands more than every online reader, regardless of subject matter. They didn't. Plus, in your example, this hypothetical online reader has already acquired the capacities that books are supposed to help develop, and he might be closer to a book writer.

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A more concrete example: SBF infamously said he doesn’t read books. While he was obviously not very bright in many ways, I’m certain there are heavy book readers who are far less bright or informed. I know, because I’ve met them. My only point is that there exists a bias towards books that is sometimes but often not warranted.

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