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	<title>Comments on: intelligence and wealth</title>
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	<link>http://www.bripblap.com/intelligence-and-wealth/</link>
	<description>thoughtful personal finance, career and health advice</description>
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		<title>By: ajc @ 7million7years</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-29608</link>
		<dc:creator>ajc @ 7million7years</dc:creator>
		<pubDate>Wed, 11 Mar 2009 16:27:05 +0000</pubDate>
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		<description>7 years ago I cood not even spel millyunare, now I are won! :)</description>
		<content:encoded><![CDATA[<p>7 years ago I cood not even spel millyunare, now I are won! <img src='http://www.bripblap.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: ajc @ 7million7years</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27396</link>
		<dc:creator>ajc @ 7million7years</dc:creator>
		<pubDate>Wed, 11 Mar 2009 09:27:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27396</guid>
		<description>7 years ago I cood not even spel millyunare, now I are won! :)</description>
		<content:encoded><![CDATA[<p>7 years ago I cood not even spel millyunare, now I are won! <img src='http://www.bripblap.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: fathersez</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27378</link>
		<dc:creator>fathersez</dc:creator>
		<pubDate>Sun, 08 Mar 2009 11:55:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27378</guid>
		<description>My wife and I are exact opposites. I am a case of having &quot;overstudied&quot; and so I worry and fuss about so many things that almost nothing gets done. My wife goes about life cheerfully and seems to get a lot more done.</description>
		<content:encoded><![CDATA[<p>My wife and I are exact opposites. I am a case of having &#8220;overstudied&#8221; and so I worry and fuss about so many things that almost nothing gets done. My wife goes about life cheerfully and seems to get a lot more done.</p>
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		<title>By: diggidy</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27375</link>
		<dc:creator>diggidy</dc:creator>
		<pubDate>Sun, 08 Mar 2009 01:50:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27375</guid>
		<description>The crux of this argument is the difference between intelligence and wisdom (or knowledge).  You can be extremely intelligent, yet naivete or lack of financial knowledge will prevent you from becoming wealthy.  This principle applies to all subjects.  &lt;br&gt;&lt;br&gt;As an anology, think about a superintelligent alien coming to earth with advanced knowledge that corresponds to his known environment or planet.  He could get to earth and electrocute himself on a power line or get hit by a train or some similar fate, solely because he lacked the critical KNOWLEDGE of the fact that humans have created a system of electricity and transportation on this planet that is different than his.  Only experience and knowledge can make one fully aware of a subject and able to succeed in that subject while avoiding pitfalls.  &lt;br&gt;&lt;br&gt;Therefore, intelligence, when applied to learning the proper knowledge and wisdom of the financial world, will result in a more positive wealth building ability.  (I use the term wealth building ability because obviously, the more capital you start with, the greater your ability due to the mathematics of interest).</description>
		<content:encoded><![CDATA[<p>The crux of this argument is the difference between intelligence and wisdom (or knowledge).  You can be extremely intelligent, yet naivete or lack of financial knowledge will prevent you from becoming wealthy.  This principle applies to all subjects.  </p>
<p>As an anology, think about a superintelligent alien coming to earth with advanced knowledge that corresponds to his known environment or planet.  He could get to earth and electrocute himself on a power line or get hit by a train or some similar fate, solely because he lacked the critical KNOWLEDGE of the fact that humans have created a system of electricity and transportation on this planet that is different than his.  Only experience and knowledge can make one fully aware of a subject and able to succeed in that subject while avoiding pitfalls.  </p>
<p>Therefore, intelligence, when applied to learning the proper knowledge and wisdom of the financial world, will result in a more positive wealth building ability.  (I use the term wealth building ability because obviously, the more capital you start with, the greater your ability due to the mathematics of interest).</p>
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		<title>By: Weekly Dividend Investing Roundup - March 7, 2009 &#124; The Dividend Guy Blog</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27374</link>
		<dc:creator>Weekly Dividend Investing Roundup - March 7, 2009 &#124; The Dividend Guy Blog</dc:creator>
		<pubDate>Sat, 07 Mar 2009 11:02:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27374</guid>
		<description>[...] Intelligence and wealth [...]</description>
		<content:encoded><![CDATA[<p>[...] Intelligence and wealth [...]</p>
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		<title>By: TStrump</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27372</link>
		<dc:creator>TStrump</dc:creator>
		<pubDate>Sat, 07 Mar 2009 04:59:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27372</guid>
		<description>There are also different kinds of intelligence.&lt;br /&gt;Some people with high IQ&#039;s don&#039;t have &#039;street smarts&#039; or emotional intelligence.&lt;br /&gt;I think street smarts is very important to becoming wealthy.</description>
		<content:encoded><![CDATA[<p>There are also different kinds of intelligence.<br />Some people with high IQ&#39;s don&#39;t have &#39;street smarts&#39; or emotional intelligence.<br />I think street smarts is very important to becoming wealthy.</p>
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		<title>By: Maxtron</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27370</link>
		<dc:creator>Maxtron</dc:creator>
		<pubDate>Fri, 06 Mar 2009 23:17:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27370</guid>
		<description>Here&#039;s my two cents on all of this.  What determines wealth as well as intelligence is gene and environment (social).  One of the most important aspect of success in my opinion is motivation.  In one aspect, you get it from gene, just for the survival aspect hence it can be as basic as being able to eat everyday.  This is when your social environment comes into play.  If you have been motivated throughout your life time to be as best as you can be or just to be wealthy, than you are on your way to getting richer, and that is when higher intelligence comes into play.  I think having above average intelligence (be it accumalated knowledge or just ease of learning) will be the way to speed up the process.  The faster you accumulate wealth while keeping out of trouble, the richer at the end of your lifetime you&#039;ll be.  Basically it is as many people have suggested an interralation of many variables that will influence each other more or less as you progress toward a certain goal.&lt;br&gt;&lt;br&gt;Now I also think that intelligence migh also be a detriment to capitalism.  For exemple if you believe like I use to that because we are living in a limited supply of good, we can only get richer while someone else gets poorer, especially in the case of investing in stock.  In that case, being &#039;aware&#039; of consequence of such can lead you to a change of lifestyle that doesn&#039;t comes against your personnal moral beliefs.  &lt;br&gt;&lt;br&gt;I also think that high intelligence while growing up, giving you a certain edge over the average person, will tend toward making you lazy, because everything is obviously easier for you.  While other learn to work hard for getting the same result.  In the long run, the people who have developped a good work ethic will get the edge on the lazy above average intelligent people.</description>
		<content:encoded><![CDATA[<p>Here&#39;s my two cents on all of this.  What determines wealth as well as intelligence is gene and environment (social).  One of the most important aspect of success in my opinion is motivation.  In one aspect, you get it from gene, just for the survival aspect hence it can be as basic as being able to eat everyday.  This is when your social environment comes into play.  If you have been motivated throughout your life time to be as best as you can be or just to be wealthy, than you are on your way to getting richer, and that is when higher intelligence comes into play.  I think having above average intelligence (be it accumalated knowledge or just ease of learning) will be the way to speed up the process.  The faster you accumulate wealth while keeping out of trouble, the richer at the end of your lifetime you&#39;ll be.  Basically it is as many people have suggested an interralation of many variables that will influence each other more or less as you progress toward a certain goal.</p>
<p>Now I also think that intelligence migh also be a detriment to capitalism.  For exemple if you believe like I use to that because we are living in a limited supply of good, we can only get richer while someone else gets poorer, especially in the case of investing in stock.  In that case, being &#39;aware&#39; of consequence of such can lead you to a change of lifestyle that doesn&#39;t comes against your personnal moral beliefs.  </p>
<p>I also think that high intelligence while growing up, giving you a certain edge over the average person, will tend toward making you lazy, because everything is obviously easier for you.  While other learn to work hard for getting the same result.  In the long run, the people who have developped a good work ethic will get the edge on the lazy above average intelligent people.</p>
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		<title>By: Book Winner, Twitter, Rate Drop and Weekend Reading &#124; Income Trust &#124; Personal Finance &#124; Real Estate SEO</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27369</link>
		<dc:creator>Book Winner, Twitter, Rate Drop and Weekend Reading &#124; Income Trust &#124; Personal Finance &#124; Real Estate SEO</dc:creator>
		<pubDate>Fri, 06 Mar 2009 19:19:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27369</guid>
		<description>[...] Brip Blap writes about the correlation between intelligence and wealth. [...]</description>
		<content:encoded><![CDATA[<p>[...] <a href="http://www.bripblap.com" >Brip Blap</a> writes about the correlation between intelligence and wealth. [...]
<p style="opacity:0.5;padding:0;margin:0;display:inline;"><sub><a href="http://www.janhvizdak.com/make-donation-cross-linker-plugin-wordpress.php" onclick="window.open('http://www.janhvizdak.com/make-donation-cross-linker-plugin-wordpress.php'); return false;" target="_blank" style="cursor:help;"><b>&#187;crosslinked&#171;</b></a></sub></p>
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		<title>By: Early Retirement Extreme</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27367</link>
		<dc:creator>Early Retirement Extreme</dc:creator>
		<pubDate>Fri, 06 Mar 2009 15:09:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27367</guid>
		<description>Intelligence is definitely correlated with income if nothing else because the limited supply of intelligence, which is a useful quality, sets a higher price. However, wealth is essentially a moral, that is, value-dependent issue and I think history makes it very clear that morality and intelligence have very little to do with each other. Intelligent people may spend their money better, but many intelligent people spend it nonetheless. I think, however, if you told an intelligent person to maximize wealth, he would do better than a unintelligent person; it&#039;s just he &quot;chooses&quot; not to.</description>
		<content:encoded><![CDATA[<p>Intelligence is definitely correlated with income if nothing else because the limited supply of intelligence, which is a useful quality, sets a higher price. However, wealth is essentially a moral, that is, value-dependent issue and I think history makes it very clear that morality and intelligence have very little to do with each other. Intelligent people may spend their money better, but many intelligent people spend it nonetheless. I think, however, if you told an intelligent person to maximize wealth, he would do better than a unintelligent person; it&#39;s just he &#8220;chooses&#8221; not to.</p>
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		<title>By: Book Winner, Twitter, Rate Drop and Weekend Reading &#124; Million Dollar Journey</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27363</link>
		<dc:creator>Book Winner, Twitter, Rate Drop and Weekend Reading &#124; Million Dollar Journey</dc:creator>
		<pubDate>Fri, 06 Mar 2009 11:31:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27363</guid>
		<description>[...] Brip Blap writes about the correlation between intelligence and wealth. [...]</description>
		<content:encoded><![CDATA[<p>[...] <a href="http://www.bripblap.com" >Brip Blap</a> writes about the correlation between intelligence and wealth. [...]</p>
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		<title>By: Chad @ Sentient Money</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27353</link>
		<dc:creator>Chad @ Sentient Money</dc:creator>
		<pubDate>Wed, 04 Mar 2009 16:17:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27353</guid>
		<description>I have to disagree a little on this one.  I know smart people who are risk takers and I know stupid people who aren&#039;t.  Sure, intelligence isn&#039;t the end all be all of gaining wealth, but it helps.  It&#039;s kind of like speed in sports.  For example, the fastest guy on my college football team never started, but the next 9 fastest did.  Speed isn&#039;t the ultimate determining factor on the field, but it sure helps.</description>
		<content:encoded><![CDATA[<p>I have to disagree a little on this one.  I know smart people who are risk takers and I know stupid people who aren&#39;t.  Sure, intelligence isn&#39;t the end all be all of gaining wealth, but it helps.  It&#39;s kind of like speed in sports.  For example, the fastest guy on my college football team never started, but the next 9 fastest did.  Speed isn&#39;t the ultimate determining factor on the field, but it sure helps.</p>
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		<title>By: Returns Reaper</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27344</link>
		<dc:creator>Returns Reaper</dc:creator>
		<pubDate>Tue, 03 Mar 2009 11:50:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27344</guid>
		<description>There&#039;s a big different between wealth and income.  The studies done by the authors of &#039;The Millionaire Next Door&#039; show that as an aggregate, some of the highest paying professions are some of the poorest accumulators of wealth.  One example they often point out is doctors.  While it is speculation as to why this is the case, it could be the feel since they are a doctor they should live in expensive neighborhoods, drive expensive cars, and spend a lot of money.  Some of the best accumulators of wealth, the books says, are small business owners and teachers.&lt;br&gt;&lt;br&gt;So while I&#039;d agree there&#039;s probably a positive correlation between income and intelligence, I don&#039;t think the same correlation exists between wealth and intelligence.</description>
		<content:encoded><![CDATA[<p>There&#39;s a big different between wealth and income.  The studies done by the authors of &#39;The Millionaire Next Door&#39; show that as an aggregate, some of the highest paying professions are some of the poorest accumulators of wealth.  One example they often point out is doctors.  While it is speculation as to why this is the case, it could be the feel since they are a doctor they should live in expensive neighborhoods, drive expensive cars, and spend a lot of money.  Some of the best accumulators of wealth, the books says, are small business owners and teachers.</p>
<p>So while I&#39;d agree there&#39;s probably a positive correlation between income and intelligence, I don&#39;t think the same correlation exists between wealth and intelligence.</p>
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		<title>By: plonkee</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27343</link>
		<dc:creator>plonkee</dc:creator>
		<pubDate>Tue, 03 Mar 2009 10:10:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27343</guid>
		<description>I think it&#039;s as simple as not all intelligent people have what it takes to be wealthy. But there probably is some correlation between intelligence and wealth even if it&#039;s not strong. &lt;br&gt;&lt;br&gt;Being intelligent is neither necessary nor sufficient for wealth, but it can help if you want it to.</description>
		<content:encoded><![CDATA[<p>I think it&#39;s as simple as not all intelligent people have what it takes to be wealthy. But there probably is some correlation between intelligence and wealth even if it&#39;s not strong. </p>
<p>Being intelligent is neither necessary nor sufficient for wealth, but it can help if you want it to.</p>
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		<title>By: bubelah</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27341</link>
		<dc:creator>bubelah</dc:creator>
		<pubDate>Mon, 02 Mar 2009 16:47:27 +0000</pubDate>
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		<description>I think it&#039;s the opposite - when smart people can imagine more possibilities they tend to make no decisions, and take no risks. Being paralyzed by too many choices and outcomes.</description>
		<content:encoded><![CDATA[<p>I think it&#39;s the opposite &#8211; when smart people can imagine more possibilities they tend to make no decisions, and take no risks. Being paralyzed by too many choices and outcomes.</p>
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		<title>By: Curmudgeon</title>
		<link>http://www.bripblap.com/intelligence-and-wealth/comment-page-1/#comment-27339</link>
		<dc:creator>Curmudgeon</dc:creator>
		<pubDate>Mon, 02 Mar 2009 13:56:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.bripblap.com/?p=1215#comment-27339</guid>
		<description>I think you&#039;ll find a positive correlation between intelligence (as measured operationally by Stanford-Binet or similar IQ test) and wealth, or at least income.  But it&#039;s by no means a perfect correlation.  And there is also probably a moderately positive correlation between education and wealth (or income), which is why we go to college, after all.  But if you are looking for a single determinant of wealth, I think you&#039;re out of luck.  Speaking of which, luck (good or bad) is also likely to be positively correlated with wealth.</description>
		<content:encoded><![CDATA[<p>I think you&#39;ll find a positive correlation between intelligence (as measured operationally by Stanford-Binet or similar IQ test) and wealth, or at least income.  But it&#39;s by no means a perfect correlation.  And there is also probably a moderately positive correlation between education and wealth (or income), which is why we go to college, after all.  But if you are looking for a single determinant of wealth, I think you&#39;re out of luck.  Speaking of which, luck (good or bad) is also likely to be positively correlated with wealth.</p>
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