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Started By
Message
Is economic success a good indicator of intelligence?
Posted on 5/30/17 at 9:17 am
Posted on 5/30/17 at 9:17 am
Is it?
RA'd for move to OT...
RA'd for move to OT...
This post was edited on 5/30/17 at 9:19 am
17
Posted on 5/30/17 at 9:17 am to Eli Goldfinger
Yes. It is an indicator.
Note: population level correlate though.
Note: population level correlate though.
This post was edited on 5/30/17 at 9:33 am
Posted on 5/30/17 at 9:18 am to Eli Goldfinger
Not necessarily. Some people choose a profession for many reasons that may not be related to getting rich.
Posted on 5/30/17 at 9:29 am to Eli Goldfinger
define intelligence and define economically successful.
Posted on 5/30/17 at 9:31 am to Eli Goldfinger
On average it is, yes. There are exceptions, of course.
Posted on 5/30/17 at 9:32 am to DuncanIdaho
quote:Of course. It's definitely imperfect, but income and wealth do correlate with intelligence, but like anything it's population level and can't be used for an indivdual.
Not necessarily. Some people choose a profession for many reasons that may not be related to getting rich.
This post was edited on 5/30/17 at 9:33 am
Posted on 5/30/17 at 9:33 am to Eli Goldfinger
Not at all, look at all the idiot pro athletes that have tons of money and barely read on a 4th grade level.
Posted on 5/30/17 at 9:35 am to Eli Goldfinger
There are much better measures for intelligence but it's rare for someone who's not intelligent to build wealth from nothing.
Now if you are given a giant sum of money by your father and then you turn that into a fortune by growing it at roughly the same rate as the stock market and go bankrupt a few times along the way then you may or may not be intelligent.
Now if you are given a giant sum of money by your father and then you turn that into a fortune by growing it at roughly the same rate as the stock market and go bankrupt a few times along the way then you may or may not be intelligent.
Posted on 5/30/17 at 9:35 am to Eli Goldfinger
EI (emotional intellegence) has been a better predictor of economic success over the last 20 years.
Posted on 5/30/17 at 9:39 am to double d
quote:
Not at all, look at all the idiot pro athletes that have tons of money and barely read on a 4th grade level.
They are athletically intelligent.
Posted on 5/30/17 at 9:40 am to Eli Goldfinger
quote:
Message
Is economic success a good indicator of intelligence?
Tesla died broke. The Kardashians are loaded out the arse. So probably not.
Posted on 5/30/17 at 9:41 am to Haughton99
quote:
Now if you are given a giant sum of money by your father and then you turn that into a fortune by growing it at roughly the same rate as the stock market and go bankrupt a few times along the way then you may or may not be intelligent.
1. You're high jacking a forum not abut Trump, however:
2. The "stock market grew faster than Trump's wealth" is a piecemeal myth. He turned $1 million into $1.5 billion from '67-'87. Find another time in US history besides Carnegie, Rockwell, Vanderbilt that money has ever been made at such an acelerated rate. From '87-present his wealth has "only tripled", which had he put it in the S&P500 at the time would've grown at a much higher rate, however was a much riskier option back then. I can't say many people can fault a guy for being somewhat conservative with his investments once he got to $1.5 billion.
Posted on 5/30/17 at 9:41 am to Eli Goldfinger
No, it isn't. Well, I guess you can say that economic success is a sign that you are not profoundly deficient. But if you are of average functional intelligence, you have at least the possibility of making some money.
Posted on 5/30/17 at 9:41 am to Eli Goldfinger
No.
Posted on 5/30/17 at 9:42 am to Eli Goldfinger
yup
Dan Bilzerian is super smart
Dan Bilzerian is super smart
Posted on 5/30/17 at 9:49 am to Eli Goldfinger
They are correlated. So in general yes, but it's a generalization that may not be true in specific cases.
That's the nature of "indicators"
That's the nature of "indicators"
Posted on 5/30/17 at 9:51 am to Andychapman13
quote:
The "stock market grew faster than Trump's wealth" is a piecemeal myth. He turned $1 million into $1.5 billion from '67-'87. Find another time in US history besides Carnegie, Rockwell, Vanderbilt that money has ever been made at such an acelerated rate.
This is laughable false. You don't think there are a yuge about of examples of people turning far less than 1 million into 1.5 billion in 20 years? Come on!
quote:
From '87-present his wealth has "only tripled", which had he put it in the S&P500 at the time would've grown at a much higher rate, however was a much riskier option back then. I can't say many people can fault a guy for being somewhat conservative with his investments once he got to $1.5 billion.
You are the only person that's ever called Donald Trump a conservative investor. He's the exact opposite. I'd like to see the math on your claims also. Got a source?
Posted on 5/30/17 at 9:58 am to Haughton99
Where's your proof? We know who Trump is because of his wealth. No one knows who the loser who lives in a trailer park in Haughton is for a reason!
Posted on 5/30/17 at 10:03 am to Andychapman13
quote:
Where's your proof? We know who Trump is because of his wealth. No one knows who the loser who lives in a trailer park in Haughton is for a reason!
Proof of what? We know who Trump is because his desire to be famous is equal to his desire to be rich. There are people who have way more money than Trump that you've never heard of. His best skill is self promotion. That's why you've heard of him.
Personal attacks expose your weak mind, they don't help your argument.
Posted on 5/30/17 at 10:04 am to Eli Goldfinger
Probably a better indicator of hard work and perseverance.
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