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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.75-0.5%Nov 28 12:59 PM EST

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To: verdad who wrote (25830)1/29/2005 7:05:47 PM
From: Maurice Winn   of 29987
 
<How could a former MIT professor be stupid? >

A former MIT professor who hasn't succumbed to Alzheimers or other mental deterioration probably has a highish IQ, so couldn't be considered stupid.

But smart and extremely smart people still do dumb things. They might not seem dumb at the time, but shortly after they might, even to the person who made the decision.

Even with very smart people, their knowledge is infinitely smaller than their ignorance.

If 100000000000000000000000000000000000000000000000 is the set of all there is to know, then a prof, even of MIT standing, will know 10 and the median person 5, or maybe 2 or even 1.

While the MIT prof is maybe 5 x as good as the normal bloke, their position relative to omniscience and supernatural greatness is akin to the understanding of a pipi living in the sand under the water at a beach of life in New York = no idea. Even for prosaic things such as a pricing plan, the MIT prof is not going to get it right because pricing dynamics change instantaneously for every person, every second of every day.

Globalstar thought they could do Kremlinite central planning. They failed.

Mqurice
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