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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (65900)	7/4/2005 5:35:31 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Two tests for intelligence: acting against his own self-interest. And not having common sense. Within a normal group of human beings, the true test for intelligence is to see if an individual acts against his own self-interest. Look around you and watch how many people are not acting on their own self interest based and acting on the clues and indications around them and acting against their own self interest. If a person doesn't see nor recognize the facts affecting them and fail to react, this is a sign of poor judgement and the person can be labelled dumb. This explains why we have poor people and rich people. Rich got there by reacting accordingly and end up taking the rewards of their acts. Poor people do not act -based on the indications coming to them- and lose the monetary reward that is gained by taking advantage of a changing situation. Give one hundred years and see what you have as a result. One example: Any person accepting a freeze in salary for a garantee of 5 years job security in a car factory is acting against his self-interest. He can’t see that he is going into a dead end street. An intelligent person would look to it and would see that there's several ways the company will not fullfil the side of the deal, (sell the company, bankrupt it and liquidate it.) Find in three years time that they have to renegotiate the deal for more concessions... All the intelligent persons have not got jobs and those companies, and the jobs were filled by less endowed persons, all the intelligent persons have already left sensing they are in for trouble... And not having common sense I leave for the next posting

To: shades who wrote (65900)	7/4/2005 9:44:22 AM
From: Moominoid	Read Replies (1) \| Respond to of 74559

What I meant was these progidies don't become either leaders in academic fields or in technology or in business. I can't see anyone prominent who was one of these ultra-early college attenders. If you know one, let me know. Well I am an academic researcher and in my little strange interdisciplinary subfield (ecological economics - I am about the most pro free market ecological economist there is) I am one of the relatively successful ones adjusted for age (for example counted by number of citations). I really don't have much stuff. Either my bicycle or this computer is my most valuable asset, or maybe the futon sofa in the living room :) I tend to spend more money on travel and stuff but try to get other people to pay for that if possible :) So I have lots of savings to invest...