Showing posts with label intelligence. Show all posts
Showing posts with label intelligence. Show all posts

Sunday, 11 February 2018

Why smart people are stupid?

It’s good to be smart. After all, intelligent people earn more money, accumulate more wealth, and even live longer. But intelligent people have a reputation for making dumb mistakes, especially in situations that require common sense. Smart people are more prone to silly mistakes because of blind spots in how they use logic. These blind spots exist because smart people tend to be overconfident in their reasoning abilities. That is, they’re so used to being right and having quick answers that they don’t even realize when they’re blowing it by answering without thinking things through.
  • We’re not nearly as rational as we like to believe.
  • When people face an uncertain situation, they don’t carefully evaluate the information or look up relevant statistics. 
  • We forget our arithmetic lessons and instead default to the answer that requires the least mental effort.
  • Their decisions depend on a long list of mental shortcuts, which often lead them to make foolish decisions. These shortcuts aren’t a faster way of doing the math; they’re a way of skipping the math altogether. 
  • In many instances, smarter people are more vulnerable to thinking errors. 
  • We assume that intelligence is a buffer against bias. That’s why those with higher SAT scores think they are less prone to these universal thinking mistakes and it can actually be a subtle curse.
  • People who were aware of their own biases were not better able to overcome them.
  • Intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy.
  • Our most dangerous bias is that we naturally assume that everyone else is more susceptible to thinking errors, a tendency known as the “bias blind spot.” 
  • We excel at noticing the flaws of others and inability to spot those same mistakes in ourselves.
  • We readily forgive our own minds but look harshly upon the minds of other people.
  • Intelligence seems to make things worse. 
  • Smarter people (at least as measured by SAT scores) are more likely to engage in deliberation were slightly more vulnerable to common mental mistakes. 
  • The bias blind spot arises because of a mismatch between how we evaluate others and how we evaluate ourselves. 
  • When considering the irrational choices of a stranger, for instance, we are forced to rely on behavioral information. We see their biases from the outside, which allows us to glimpse their systematic thinking errors. 
  • When assessing our own bad choices, we tend to engage in elaborate introspection. We scrutinize our motivations and search for relevant reasons. We lament our mistakes to therapists and ruminate on the beliefs that led us astray.
  • The problem with this introspective approach is that the driving forces behind biases—the root causes of our irrationality—are largely unconscious, which means they remain invisible to self-analysis and impermeable to intelligence. 
  • Introspection can actually compound the error, blinding us to those primal processes responsible for many of our everyday failings. We spin eloquent stories, but these stories miss the point. The more we attempt to know ourselves, the less we actually understand.
Being smart can come at a cost. Asking tricky questions, doing the research and carefully thinking things through takes time. It’s also unpleasant. Most of us would rather do anything than think. Being smart can also upset people. Asking tough questions can quickly make you unpopular. Some of life’s greatest gifts, including high intelligence, can also come with challenges. If you aren’t willing to take an honest look at the whole picture, you’re selling yourself short. And that isn’t smart.


Common sense is not so common ... Voltaire


Thursday, 8 February 2018

Do you deserve to be rich?

If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire. Intelligence? Talent? No, the ultra-rich got to where they are through luck and brutality. The wealth creators of neoliberal mythology are some of the most effective wealth destroyers the world has ever seen ... George Monbiot

If you believe that you deserve to be rich, take a moment and define why you should be wealthy. Most entrepreneurs and professionals believe they deserve to be wealthy, which is a minimum net worth of Rs.10 crores or more. Majority of the wealthiest people feel they deserve to be rich. They may have inherited it and therefore have an inborn sense of deserving or they may have earned it and therefore feel proud of their accomplishments. There are rich people who cheated and stole to be rich, and there are also rich people who worked hard to be rich.

Do you deserve to be rich? Do you deserve everything you desire? No matter how badly you want to be wealthy; no matter what you’ve done with your life to date and what you plan on doing; no matter if you’re absolutely brilliant; no matter who you know or who knows you; no matter anything, you unquestionably, categorically, unequivocally definitely do not deserve to be rich. Simply put, no one deserves wealth. Being rich is not a right. At best, it’s a possibility.

The path to move on in the right direction to become a self-made millionaire is:
  • How committed are you to becoming wealthy?
  • What are you willing to sacrifice in order to become rich?
  • How can you translate your values and ideals into personal wealth?
  • How do your capabilities place you squarely in the line of money?
  • How are you offsetting your weaknesses in other areas?
  • How are you going to leverage your network to make money?
  • How do your better relationships make you money today?

Becoming wealthy is not an entitlement. It’s not a privilege nor is it a right. If you’re healthy and motivated, the advantage you have is that you very likely have the opportunity to pursue wealth, or happiness for that matter. It’s taking advantage of this opportunity by actively, forcefully, and smartly pursuing wealth that can potentially become rich. 

If you grow up poor, you’ll most likely end up poor. If you grow up rich,  you’ll likely end up rich. It’s all based on the way you view the world and money. Change your spending habits and you will change your attitude. You will begin to respect money and strangely you will gain more money in your life. 

Since you don’t deserve to be rich, but you want to be rich, what are you going to do about it?


Rich doesn't deserve to be rich; poor doesn't deserve to be poor.
Life is not fair, ergo no one deserves anything.
Amassing wealth is incompatible with morality ... Gandhi


Between 1947 and 1979, productivity in the US rose by 119%, while the income of the bottom fifth of the population rose by 122%. Between 1979 and 2009, productivity rose by 80% , while the income of the bottom fifth fell by 4%. In the same period, the income of the top 1% rose by 270%. This is to suggest that the economy has been rewarding the wrong skills. CEO's are no more deserving of the share of wealth they’ve captured than oil sheikhs. Without resorting to cheating or labour exploitation or tax evasion or over exploitation of natural resources or destruction of ecology, it is not easy become rich.


Thursday, 7 September 2017

Why we bend rules?

Even most honest among us lie, cheat or push boundaries now and then. In everyday transgressions character isn’t the real driver; situational forces are. Powerful people break the rules; breaking rules makes one seem more powerful.
  • Without the intelligence to create the rules, we would have no rules to break.
  • Being able to create and  follow rules is one of the things that separates humans from the rest of the animals. Being able to create and follow your own rules is what makes you intelligent. Without the intelligence to create the rules, we would have no rules to break.
  • Intelligent people generally don’t bend rules, as they are aware that the rules are made for good purpose.
  • Breaking the rules all the time and getting away with out getting caught doesn't make any one intelligent or smart.
  • Intelligent people are those who have mastered the rules, practiced the rules, and by overcoming laziness they have perfected their interpretation of the rules.
  • At work, there are rules for a reason. The rules exist to keep things moving and to make sure everyone else can do their jobs too. Everyone knows that rules need to be broken sometimes. Flexibility allows for you to actually be a better manager.
  • Rich are more likely to flout rules or cheat for making more money.
  • Most entrepreneurs succeed by bending the rules. Where is the line between gall and fraud?
  • The man driving powerful and expensive SUV is more likely to flout traffic rules than a driver of a compact sedan.
  • In its modest form rule breaking might be healthy. The more one wins the greater the confidence boost, the bigger the risks and so on. But at a certain point, risk taking can become irrational, reckless & ruthless and could cause ethical numbing and results in self destruction.
  • If your tribe downloads pirated music, sells dubious stocks or accept bribes, you are likely to go with the flow and cover up for the peers.
  • Kids who cheat on the high school exams are three times as likely in adulthood to lie to a customer or inflate an insurance claim compared with non-cheaters.
  • The real threat is the slippery slope that minor transgressions can snowball into cataclysmic ones. Imagine Bernie Madaoff  or Ramalinga Raju thinking, this just once. And eventually they just don't think about it. Rule breaking worsens over time. 
  • It was like riding a tiger, not knowing how to get off without being eaten - Chairman of Satyam Computer Services B. Ramalinga Raju described his situation and referring to the widening gap between the real and artificial numbers in the company’s books.
  • When people sign an ethics pledge at the beginning rather than at the end of job applications or tax forms - before there is an opportunity to cheat - they are significantly less likely to be dishonest.
  • It is much easier to be a saint in theory than in practice. At the end of the day, you have to live with your conscience – and the law.

Every person learns at some point you don't know what you don't know.
If a million people do a wrong thing, it is still a wrong thing.
When you're the only sane person, you look like the only insane person.


Rules are framed for orderly behavior of society. Rule breakers, intentional or otherwise, must be penalized and punished to avoid chaos. Good people watch their actions continuously and regret any wrongdoings and avoid recurrences. Those who enjoy first violation of rules will commit bigger and end up as bad guys and when caught will face law, penalties & jail. Bending the rules seems to have heroism and fun but it ends up facing embarrassment sooner or later apart from character destruction. Never go with the flow of wrong doers who will get caught some day. People following rules all the times seldom ends up in wrongdoings.