Agreed, but I take exception to Everest and Kilimanjaro being put in the same bucket. Climbing Kilimanjaro is evidence of: appetite for travel; willingness to take on challenges; reasonable fitness; good will power. ~10,000 people do it each year. It's probably two or three sigma off Olympic / Everest standard - not that Everest is the pinnacle..
It also sounds like the filter is more about money. If you have expensive hobbies, you probably can relate to other wealthy people. Consulting firms in particular are looking for people that can "build relationships" with clients.