Things can look stupid when we don't understand them, but there has to be some intelligence somewhere at some point even if the arrival of wealth then suffocates it with sycophants. If Musk or Trump or GWB were all *merely* the idiots they're often mocked as being, chances are we'd never have even heard of them. They almost certainly weren't even "merely average".
Now, stupidity that arrives after the bank balance reads a billion dollars, that's terrifyingly powerful.
1. Trump was born wealthy. There was no "arrival of wealth" that smothered the intelligence you suppose he might have used to earn the wealth, because he didn't earn it.
2. You don't understand. Trump is successful because of his stupidity, selfishness, and vile behaviour. Not despite it. In 2016, the Republican primary field had 20 or so candidates on a wide range of reasonableness. Trump crushed them all, because he most represents the average Republican voter. If he were more intelligent, or if he cared more about anyone other than himself, they would not have voted for him. His arrogance, lack of intelligence and morals is quite literally his strength because it's what makes him so relateable to the American masses.
There are two possibilities. One is that half the country are total idiots and the people leading them, and leading the country, are also total idiots who only got into power because half the country are, again, complete idiots below average intelligence.
The other is that you are in a bubble and have been convinced that the leadership of the world’s premier superpower are below average intelligence, along with 70-80 million voters. The former is not something an intelligent person would believe, you have thrown out serious analysis for political theatre and memes and should rethink how you view the world. Now stop to consider that maybe actually half the country has a totally different worldview, and that their leadership, having reshaped global politics, is actually full of intelligent people who are cold and calculating. I know it’s harder to stomach, but just consider it for a moment.
Someone like Trump isn’t the first rise to the top of the country and be a con man or be as mad as a hatter in the end… He will not be remembered for his brain power.
I think he will be remembered for the decline and the loss of influence by America across the world that will be his legacy.
This isn't about people who just happened to make it big in a market rally, though. You're talking as if I'm speaking about people who just happened to buy some Bitcoin in 2012 rather than leaders of some of the most successful corporations on Earth.
They're not infallible, but modelling them as complete idiots that just happened to get lucky is also... Not really consistent with reality, as far as I can tell. These people might not be good people, but they're good at playing a certain kind of game.
Because it's not a single data point, intelligence is a wide surface area where you can be smart in some areas and stupid in others. Furthermore whether you are being intelligent is relative to ideals and goals, and not everyone has the same ones.
I find it difficult to imagine an intelligent person who finds it hard to get what they want. The trope of the oblivious genius who is incredibly competent in a single field of inquiry but completely unable to handle day-to-day life is more a creation of media than how reality works.
Stupidity has always been terrifyingly powerful.
Not really.
Things can look stupid when we don't understand them, but there has to be some intelligence somewhere at some point even if the arrival of wealth then suffocates it with sycophants. If Musk or Trump or GWB were all *merely* the idiots they're often mocked as being, chances are we'd never have even heard of them. They almost certainly weren't even "merely average".
Now, stupidity that arrives after the bank balance reads a billion dollars, that's terrifyingly powerful.
All those people were born rich, with no chance of losing their money.
Instead, the smarter rich people stay out of the press. And the only reason we hear about them is because they were always very stupid.
1. Trump was born wealthy. There was no "arrival of wealth" that smothered the intelligence you suppose he might have used to earn the wealth, because he didn't earn it.
2. You don't understand. Trump is successful because of his stupidity, selfishness, and vile behaviour. Not despite it. In 2016, the Republican primary field had 20 or so candidates on a wide range of reasonableness. Trump crushed them all, because he most represents the average Republican voter. If he were more intelligent, or if he cared more about anyone other than himself, they would not have voted for him. His arrogance, lack of intelligence and morals is quite literally his strength because it's what makes him so relateable to the American masses.
There are two possibilities. One is that half the country are total idiots and the people leading them, and leading the country, are also total idiots who only got into power because half the country are, again, complete idiots below average intelligence.
The other is that you are in a bubble and have been convinced that the leadership of the world’s premier superpower are below average intelligence, along with 70-80 million voters. The former is not something an intelligent person would believe, you have thrown out serious analysis for political theatre and memes and should rethink how you view the world. Now stop to consider that maybe actually half the country has a totally different worldview, and that their leadership, having reshaped global politics, is actually full of intelligent people who are cold and calculating. I know it’s harder to stomach, but just consider it for a moment.
This is simply a false dichotomy.
Being propagandized into extremism does not require anyone to be a total idiot.
Everyone is susceptible to propaganda and populism.
Someone like Trump isn’t the first rise to the top of the country and be a con man or be as mad as a hatter in the end… He will not be remembered for his brain power.
I think he will be remembered for the decline and the loss of influence by America across the world that will be his legacy.
That's literally the meaning of the statement "the market can stay irrational longer than you can stay solvent".
Irrational means stupid.
Stupid can win for a very long time, and in the end the "loss" is born mostly by bag-holders.
This isn't about people who just happened to make it big in a market rally, though. You're talking as if I'm speaking about people who just happened to buy some Bitcoin in 2012 rather than leaders of some of the most successful corporations on Earth.
They're not infallible, but modelling them as complete idiots that just happened to get lucky is also... Not really consistent with reality, as far as I can tell. These people might not be good people, but they're good at playing a certain kind of game.
Because it's not a single data point, intelligence is a wide surface area where you can be smart in some areas and stupid in others. Furthermore whether you are being intelligent is relative to ideals and goals, and not everyone has the same ones.
"Capability to achieve goals" seems to be fairly independent of goals.
"Capability to achieve goals" is not synonymous with intelligence.
I find it difficult to imagine an intelligent person who finds it hard to get what they want. The trope of the oblivious genius who is incredibly competent in a single field of inquiry but completely unable to handle day-to-day life is more a creation of media than how reality works.
Intelligent people don't deal in tropes.
you're likely working under an assumption of meritocracy/overvaluing of kinds of intelligence