http://news.yahoo.com/s/ap/20070502/ap_on_re_us/warehouse_ban
This one is amazing to me. This guy lives about 6 or 7 miles from my house and was running a secret private bank out of his house with more than $28M in assets. How could you trust a guy running a bank out of his house? I sure couldn’t.
http://www.kirotv.com/money/13241247/detail.html
High IQ’s don’t always mean wealthy individuals. I could have written this article. I have seen plenty of intelligent people who are drowning in debt, or at the minimum not saving a cent.
http://news.hotproperty.co.uk/Thirty-something_Brits_blase_about_mortgage_debt_18124905.html
30 something Brits seem to have a very relaxed view of debt. Apparently they have just as many issues in the UK as we do in the US.
http://www.deborahjeanepalfrey.com/download/August1996.pdf
You may want to check and see if your phone number is listed on this page if you ever felt lonely on a Saturday night in Washington DC.
How did that guy with the 28M bank in his house not get caught sooner?
“High IQ’s don’t always mean wealthy individuals.”
And wealthy individuals doesn’t always mean high IQs.
Have you read Emotional Intelligence? Good book, explains that our emotional aptitude is more of a factor in success than IQ.
The article implies that college professors have hi IQs. I would argue that many would not necessarily perform that well on IQ tests. Many know a ton about 1 field, but little about anything else. After 10 years or so of this, many become the type of person that couldn’t get a job in ‘the real world’. Because of that, there is no incentive for them to be more highly paid.
I was a computer engineering major and graduated 4 years ago. I can tell you with a certain degree of certainty that none of my professors could do my current job. In fact, had we started the job at the same time, they would not have performed as well. They may be experts at what our jobs were 20 years ago, but not now.
A Professor is compensated with job security and stuff like research grants. If they want $$$, they have to work in industry.
broknow,
LOL. Yeah, I wouldn’t disagree. While I know some very intelligent professors, I’ve also seen some hiding out with their tenure. My easiest classes in college were from tenured professors giving true or false tests that were graded on a curve. And I’m pretty sure that professor was pretty miserable at handling his money.