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If You're So Smart, Why Are You So Poor?

https://terminaldrift.substack.com/p/if-youre-so-smart-why-are-you-so
20•paulpauper•1h ago

Comments

bix6•1h ago
“He's an F1 engine in a shopping cart.”

This one gave me a proper chuckle

chistev•1h ago
I ask myself this question on a regular basis. I feel a type of way when I see people who I don't consider to be as smart as me being richer than me. The smartest people I know aren't even the richest. It's as though there's an inverse correlation. Lol.

https://www.rxjourney.net/trapped-in-the-matrix

h_tbob•47m ago
Jesus said "sell your possessions, give to the poor and you will have treasure in heaven".

I didn't read the whole article, but it's a great question.

On my religious journey, I have read things like this:

"You cannot serve God and money".

Ultimately, the smartest people, if they are Christian, will actually get rid of their money.

I asked God about it and he told me this:

"There's not enough money for everyone. A truly good person lets everybody else have the money, and just lives on charity".

It shocked me, but Jesus told me this:

"You can get more done without money than with it".

He pointed out the queen of england will never know her true friends, as everybody acts like it.

But if you are poor, you have that knowledge, and can thus live a healthier life.

Ultimately money is based of terror. It is literally based on the terror that if you counterfeit it you go to jail.

So I think that good people would not want to use a medium that requires terror to function.

This may sound crazy, but I think, as a programmer, it is the truth!

But maybe I'm wrong?

paulpauper•43m ago
Here's a number that should make you vomit: IQ explains about 21% of income variation. That's it. Four fifths of why someone makes bank has nothing to do with their brain. Nobel economist James Heckman ran the numbers harder and found IQ accounts for 1-2% of income variance when you factor in everything else. One to two percent. Your SAT score is basically a rounding error on your paycheck.

he's ignoring individual preferences. In the context of a career setting, making a lot of money is conditional on passing the screening and interviews, which are indirectly IQ filters. So people who are smart and whose preferences are aligned towards wealth accumulation are at an advantage. You don't get into Jane Street unless you're smart.

oh_fiddlesticks•14m ago
"I have seen something further under the sun, that the swift do not always win the race, nor do the mighty win the battle, nor do the wise always have the food, nor do the intelligent always have the riches, nor do those with knowledge always have success, because time and unexpected events overtake them all." From Ecclesiastes 9:11, which came to mind immediately when reading this.

The book itself has more than a few apt / sobering observations like this, concluding at 12:13, somewhat abruptly after a sort of 'case study' on the futility of life without God.

ameliaquining•2m ago
"William James Sidis whos IQ was somewhere between 250 and 300."

Wikipedia: "According to Sperling, Sidis's sister Helena told him that an unnamed examiner had estimated Sidis's intelligence in this range, but no documentation has ever been found to support this claim. Modern psychologists and historians of intelligence testing have noted several problems with such extreme IQ estimates: IQ tests in the early 1900s were not standardized or reliable enough to produce meaningful scores above 200. The concept of IQ as measured by modern tests did not exist during Sidis's childhood. Extreme scores often result from extrapolation errors rather than actual measurement. Contemporary accounts focused on Sidis's specific abilities rather than general intelligence measures."

This level of sloppiness about a simple fact-checkable claim means I can't trust the article about anything else. (To say nothing of the claims that aren't quantified at all.)

Also, I feel that it's a bit misleading not to mention that Sidis was "estranged from everyone" in large part because he was a socialist during the First Red Scare.

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