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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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.
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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Yep. There might even be a weak negative correlation to money-making talent at the highest range of IQ. The smartest people I know would make terrible entrepreneurs in most fields.
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I believe it, for a host of reasons. EQ doesn't show up in IQ for example and it's huge. Buffett always says "all you need is 120", but that says easy, does hard.
End of conversation
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