Explained to my 10 yo why ambitious people tend to have a higher ratio of ability/arrogance at 25 than 21. Real-world tests simultaneously decrease their arrogance and increase their ability.
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A big part is ambitious, smart people end up surrounded by people smarter than them (e.g. at an elite college), and that deflates their arrogance.
Meeting other smart (bookish) people reduces arrogance much less well than meeting the market. The market teaches 150 IQ people that, it doesn't matter whether you went to Ivy League school, selling is hard and necessary and if you don't figure it out you're going to fail.
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Anecdotally, some of the most arrogant people I know went to middling schools and have no money. They're usually pretty smart, but derive all their self worth from their IQ because they have nothing else.
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Yeah that definitely happens as well. No doubt, when I got to university I was like "holy shit...everyone here is as smart as me or more!" but...entrepreneurially speaking, it's the wrong type of smart. It's a bookish/impractical intelligence that the market beats out of you.
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