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Politics : Ask Michael Burke
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To: George Acton who wrote (91182)6/9/2001 3:59:26 PM
From: Knighty Tin  Read Replies (1) of 132070
 
George, I remember the stories about how Bundy pulled that stocks forever stuff at the very tip top. In all honesty, I don't think that stupid people can make money in the long haul in the stock market. We all know many people who made a ton in the current bull market, some bright and some not. But the not so bright folks are unlikely to outperform for long. However, the super intelligent are not likely to do all that much better. My thesis has always been that there is a certain amount of gray matter required, but that intelligence has to be tempered with a certain psychological makeup and a certain amount of inherent talent. Check the GRE or SAT scores of Wall Street analyst and they rank up there in the stratosphere. But there picks stink the house out. It is similar to reaching the top in any profession or skill. Lots of first rate athletes will never come close to equalling Tiger Woods or Michael Jordan. Both are superb athletes, for certain, but talent and psychological makeup are at least as important as the athleticism. FWIW.
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