Inherently Racist?

Isn't this quote here (hat tip Jonah and Glenn) both inherently racist and incredibly stupid?

“I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life."

-Judge Sonia Sotomayor, in her Judge Mario G. Olmos Law and Cultural Diversity Lecture at the University of California (Berkeley) School of Law in 2001

Certainly being wise, in and of itself, would created "better conclusions" and certainly having rich experiences helps in attaining wisdom which leads to better conclusions.

But what on earth does being a Latina have to do with anything unless you value your skin color and cultural ethnicity over your own intellect and rationality? Any person who has such values has no place on the Supreme Court.

We live under a rule of law, not a rule of emotions or rich life experience. If this is the caliber of liberal intellect then this country is circling the drain.