re: Is Magic Johnson one of the dumbest, most successful people of all time?

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As a coach and NBA executive of some kind he hasn't been very good at all. Bit in business he's made some smart moves and yes surrounded himself with good people which takes some intelligence.

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I guess through sheer randomness it's possible that Magic is a blithering idiot who succeeds in spite of that idiocy.

But I see plenty of "smart" people who had the opportunity for success and blew it big time. They invest poorly, overestimate their acumen, trust the wrong people, or all of the above. As you've alluded to, part of business intelligence is knowing your limitations and identifying people that not only are competent but that you can trust.