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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: George Acton who wrote (91182)	6/9/2001 3:59:26 PM
From: Knighty Tin	Read Replies (1) \| Respond to 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.

To: George Acton who wrote (91182)	6/9/2001 5:35:51 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

John Train wrote up the Harvard situation of the late 1960s (as you probably know) in covering Cabot, I think it was. Yes, Bundy was a disaster for everything he got control over or influenced. One of the most arrogant and seemingly intelligent Americans of the century. At Harvard, he was made Dean of the Faculty to get him out of the Political Science Department, and then Kennedy mistook this kick upstairs as a distinction. But it was Lyndon Johnson that really relied on Bundy because Johnson was insecure with the New England New Frontiersmen after Kennedy was killed.