This just looks like a justification for what worked out well for you, along with some sweeping generalities about academia in general. Because it worked well for you to write about your experiences in college, everyone should be required to do it. Because you don't understand someone's MS or PhD thesis, they are usually "as unintelligible as they are inconsequential."
Sure, most MS and PhD topics are very specific, and thus intelligible to someone who doesn't have the background to understand them. I would be bored to tears reading a physics thesis. That is much different from inconsequential. Modern computing is built on research performed that was probably unintelligible to most people when it was published.