πŸ‘€swyxπŸ•‘3yπŸ”Ό219πŸ—¨οΈ252

(Replying to PARENT post)

"Do you not know, my son, with how very little wisdom the world is governed?"

Written by Axel Oxenstierna, Lord High Chancellor of Sweden, to his son, a delegate to the negotiations that would lead to the Peace of Westphalia, who worried about his ability to hold his own amidst experienced and eminent statesmen and diplomats.

https://en.wikipedia.org/wiki/Axel_Oxenstierna

πŸ‘€rags2richesπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

"True terror is to wake up one morning and discover that your high school class is running the country."

- Kurt Vonnegut

πŸ‘€labradorπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Seems like the failure was imagining that smart people don't make mistakes. Smart people make tons of mistakes and they are confident in their ability to correct and improve. They aren't fragile and afraid to be wrong in public because they know saying 'I don't know' isn't a death sentence.

Regular people generally just sit in one place improving nothing, learning nothing, changing little year over year. Terrified of being "caught out as an imposter" whatever that means.

The difference isn't smart/not smart. It's movement vs stationary.

πŸ‘€nh23423fefeπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

That may be true, but don't underestimate the value of subject matter expertise. This is an issue I see a lot - smart people thinking they have expertise and downplaying the expertise and experience of others.

You want people with expertise and experience making your most important decisions.

πŸ‘€taylodlπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I think the more apt way would be:

The world is run by people how are by and large more motivated by power and self interest and that doesn't always correlate with very high levels of intelligence.

πŸ‘€boringgπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

A lot of hubris in this thread. My experience has been the opposite of what honestly sounds like a lot of sour grapes thinking here: when I’ve met hugely successful leaders I was taken aback at how much more intelligent they were than me. Their ability to contextualize questions and problems, to motivate others, to find a path through challenges when it seems like there’s none to be found, and to offer advice and guidance to peers and reports was incredible to witness. Even the bullshitters were bulls hitting on top of a staggering level of intellectual ability.
πŸ‘€DoneWithAllThatπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

"Smart" can mean different things. "Wise", "Clever", "Foolish" and many other adjectives apply.

Mark Zuckerberg has a high IQ, I won't doubt that. I also don't doubt his conviction that VR will change the world. It's possible he's right about that. I suspect he's going to experience anguish if some other company becomes the leader in VR. It might be his hill to die on, but it might not be his destiny to succeed at it. I think he's in a situation like somebody who abandons their lover to chase a doomed infatuation.

πŸ‘€PaulHouleπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

> Zuck spending $4b/quarter on the Metaverse entirely unproven, something any lean startup VC would know is a terrible idea

I'm skeptical of the Metaverse, but everything is unproven until someone proves it. Does every lean startup VC know what the future of computing looks like? If they don't, I have no idea how they would know that the Metaverse is a terrible idea.

πŸ‘€amadeuspagelπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

> Elon proposing a $20/month price for Twitter Blue, and then immediately dropping to $8 at the first celebrity pushback, something any pricing expert would know is a terrible idea

Wasn't that a good idea though? Everyone heard the price was going to be $20, so now $8 doesn't seem so bad. Wouldn't a pricing expert refer to that as anchoring?

πŸ‘€jamesgreenleafπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I hate articles that use Steve Jobs as some kind of guru, he was a lucky, successful asshole, but I guess that's charisma for you.

> When you grow up you tend to get told the world is the way it is and you’re life is just to live your life inside the world.

> Try not to bash into the walls too much. Try to have a nice family, have fun, save a little money.

> That’s a very limited life.

> Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you and you can change it, you can influence it, you can build your own things that other people can use.

I wonder what bit of 60s counterculture that attitude was directly lifted from.

While the people that came before weren't any smarter than you; it's important to remember that they had, collectively, more experience in more areas than you could ever dream of having. That doesn't mean they got everything right, but it does mean if you just take the quote to heart you'll probably end up more like a bull in a China shop than some sage-like innovator.

But it is nice idea to remember, so you can mentally knock down people like Jobs, who want to portray themselves as sage-like innovators, a peg.

πŸ‘€tablespoonπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

> PS: If you are starting something new, you also have the benefit of a lot of recently freed-up Coinbase/Twitter/Shopify/Stripe/Meta employees with a lot of severance nothing to lose

That's not so smart is it? Hiring folks on sky high salaries. If you are a startup, the last thing you need is uncompromising engs from BigTech imposing themselves on your org. Make sure to beat it out of them or better yet, pursue those who have the potential to grow as the startup scales, and/or those who come on board with a more grounded set of expectations. Especially, if you're aiming longer term.

πŸ‘€ignoramousπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

One big, directly related mistake, in my opinion is the strongly held idea that some people are geniuses, and that general intelligence is a thing.

The more I look into it, the more I see that some people are experts, even genius-level experts, sometimes in several fields, but this level of expertise is a weak predictor of their competence in different fields.

A second big problem is that some people are experts at manipulating masses and at building hype, it can be dangerous because there is a strong compounding effect with hype. (Aka snowballing)

πŸ‘€stephc_int13πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I think the true statement would be 'The People who run the World are not uncommonly intelligent'. They almost all probably have IQs in the 120 to 135 range. That's not that smart, you can round up dozens of people smarter than that at most colleges. However, even at the low end of 120 that's still almost 91% percentile, which makes the statement 'The World Is Run by People No Smarter Than You' only true for like 9% of people.

I agree with the sentiment but lots of people would not be in the same position as the people who 'run the world' even with equally good luck, because they would not have been able to understand the situations they found themselves in well enough to make decisions that were in their own interest.

πŸ‘€ltbarcly3πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Anarchism is founded on the observation that since few men are wise enough to rule themselves, even fewer are wise enough to rule others. β€” Edward Abbey
πŸ‘€thanatos519πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

The world is run by people. Those people are no smarter than you (person reading this comment right now).

I believe this personally and I’m confident Steve Jobs meant this literally. The reason I’m confident is Jobs said this in 1994, when the conventional wisdom was that both he and Apple had failed. Toy Story wouldn’t be released until the next year. iPhone (the device that convinced people Apple was right about Human Centered Design) was 13 years away. NeXT was failing.

Here is the link to the original video posted by the Santa Clara Historical Society. https://youtu.be/kYfNvmF0Bqw

Edit: fix video link

πŸ‘€mch82πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

The layoffs I'm not sure they were really mistakes, just business as usual. The issue is they may have permanently shattered the reality distortion around the tech industry that inspired so many to pursue careers within it: the idea that tech is not traditional business.

However is this really an issue? Some VCs and C-suite members actually are cheering this on, because they think tech companies have grown too bloated and laborers unproductive, and think some fear needs to be instilled. IDK TBD, but mature companies are mature and run this way even if they aren't yet public.

πŸ‘€fullsharkπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Clearly not true in physics and engineering. How many people can honestly they're as smart as Maxwell, Einstein, Von Neumann, or even "minor" players like John Bardeen and Bill Shockley?

More believable about business and public morality of all sorts (including economics), all of which can be swamps of reality-denying utter stupidity.

The opposite of stupid isn't smart. The opposite of stupid is true, accurate, and realistic.

πŸ‘€TheOtherHobbesπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

One of my current client is a big institution whose decisions affect the life of probably 700+ millions people a year.

A lot of critical processes are just excel sheets that people open and run once in a while, maybe copy / paste or click a button in there, then close.

Some processes are automatized, but there is no way to check if the result is good. Best you can do is to have a human look at the numbers and say "LGTM" with some confident face and call it a day.

Said client handle billions of euros every year for other entities. They basically influence the entire world economy on a daily basis.

Now, get audited from top to bottom, from internal and external teams, and all audits pass eventually. I met mostly good people there that take their job seriously. But still, every time I dive deeper into their rabbit whole, I just can't believe what humanity stands on.

πŸ‘€BiteCode_devπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

No one holds power by accident. While some people may initially rise purely by chance, there are countless people actively trying to take their place, and thus the ability to remain in that desirable position implies sufficient competence to fend off all challengers. Obviously victory won't necessarily go to the smartest, there are many other important qualities like charisma and risk tolerance that tip the scales, but those in power still need to be smart enough to use their other skills and connections to overcome smarter competitors. If you see a grand master with a long history of success make what appears to you to be a blunder, perhaps they are indeed off their game, but it is wise to look to see how it may be a gambit.
πŸ‘€jjk166πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Flip side of the problem is that all those failed ideas and failed businesses out there were from people as smart as you are. You're probably not going to get lucky and hit the jackpot on whatever idea you have or on whatever startup that you attach yourself to.
πŸ‘€lamontcgπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I think a lot of people look at the world and think that the people that designed it were executing a well laid out plan, or before they executed anything they had to have deep understanding of theory. What Jobs was saying though I think, was that the world around us is full of inventions that didn't come about that way, but came about through tinkering and being curious. Anyone can tinker and be curious, that doesn't take any credentials. As for the author's comments on today's leading entrepreneurs, everyone's biased to think they'd make the right decision in hindsight. Good decisions today don't look at all the same as after they've been validated.
πŸ‘€scmittonπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

OK, if the people running the show are no better than "you" than does that imply merit doesn't rise to the top? If we aren't in a meritocracy, what does that mean for wealth distribution?
πŸ‘€aschearerπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

A corollary: since "the world is run by people no smarter than you" then it's a good idea to be:

- diversified :: so errors and horrors by a country/cohort of people can be a lesson for others without hitting anybody at once;

- not centralized :: as above, so a "chief" who happen to be an i*iot would cause issues to a small cohort of people, but not to all at once.

Now try imaging: all Roomba and Amazon Ring IN THE WORLD goes TFU due to a centralized system mishap https://eminetra.com.au/people-cant-vacuum-or-use-their-door... or the famous https://youtu.be/JqoGJPMD3Ws or also https://arstechnica.com/?p=1848769 and countless others.

ALL such "issues" are SPOF by their own "modern" design. Perhaps it's a good idea re-evaluating such way of doing anything from just-in-time productions to home food stock in the freezer to car's spare wheel instead of crappy ideas to spare a kg.

πŸ‘€kkfxπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

> It’s hard to know what to take from that; Steve Jobs was clearly a very smart man, without a lot of empathy for lesser beings. So is he saying β€œEverything was made up by people no smarter than Steve Jobs”, or does he actually mean it that the average world/company/industry leader really is no smarter than you?

He's saying that the average "you" is no smarter than the average person.

> And then I take a look at the clown show that has been tech in the past few weeks...

All of these example trace their roots to extreme market distortions bought about by a massive direct injection of money into an economy that had partially shut down during the pandemic. The normal pricing signals were suppressed for the last two years.

The underlying mistake made in the biggest of the cited examples was to believe the distorted marketplace pricing signals.

The mistake made in the lesser cited examples was that getting rich from the deluge of fake money serves as proof of skill in other areas.

The process of normalization is now underway, and will continue for some time. If those examples in the article make you go "huh," just wait for what's in store as the receding tide reveals all of those bare bottoms and inflated senses of superiority.

πŸ‘€SevenNationπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I was always wondering.

Ant politician cannot make everyone happy.

The brightest do not go into politics, the morally cleanest do not go there either.

So what is left? The power hungry and greedy, not sure if any party is better or worse.

I cannot think of one government that is perceived as great by the populace and foreigners on a wide scale.

Same for the powerful insurances, tech companies, banks, the leaders arent the best, the whole and lack of better competition makes them strong.

πŸ‘€omgomgomgomgπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

The examples in the article are deceptive and kinda strawman-ish. Zuck and Elon are definitely smarter than me, although I think that I am smarter than average person. The problem with their terrible decisions is their self-perception, when they attribute their huge success with their smartness. "I am successful, therefore I know better". This is just plain wrong.
πŸ‘€SergeAxπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

The thought that politicians are not smarter than me is so scary to me. I don't fully understand so many things (globalization is absurdly complicated), but at least I don't have to make decisions that will affect millions of people.
πŸ‘€Gasp0deπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

It seems to me the great differentiator is risk-taker vs. risk-averse, not so much "smarts." The examples given in this article, Elon and Zuck have both been wildly successful at some endeavors(Tesla,SpaceX,Facebook) and have failed spectacularly at others (Twitter, Meta-verse) But they both are risk-takers. And on a long enough time-line even seemingly successful "masters of the universe" will fail at some point in their careers. What one then hopes is that you collect enough wisdom on your journey to make fewer mistakes as you go.
πŸ‘€ExMachina73πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Are we sure there isn't a dark forest thingy going on here?

Benjamin: You work in TV?

Mimi: No, but I watch a lot.

Benjamin: Of course you do. You're creative.

Noah: She came up with the name Noah's Arcade.

Mimi: I just opened my mouth and out it came.

Noah: You're a lucky man, Mr Vanderhoff.

- from Wayne's World, 1992

**

Mr. and Mrs. Vanderhoff were none the wiser. Even Cassandra didn't catch on until the end of the movie when she felt the similarity between Benjamin's unsolicited shoulder rub and the sensation of a literal snake slithering on her skin.

In conclusion, humans can be sneaky creatures. Especially smart ones.

Edit: clarification

πŸ‘€jancsikaπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

This is why I have extra food on hand.
πŸ‘€swader999πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Steve Jobs would never say he's better than others. But mark my words here, people with real higher IQ actually do know they are smarter and make better decisions than others. They actually can't stand being around dumb people.

There's only one major problem: with intelligence often comes OCD, autism, spectrum stuff. The brain is lit up all over the place, but often comes with a lot of things that makes life worse.

You're actually much much better off being a bit idiotic in this world.

πŸ‘€coding123πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Lots of wisdom in this thread, much more than I usually see, i.e a lot of people who are aware of history and very aware of varied human nature.

Question to the those people: why wouldn't you want to put your contact information ( or even a few webpages) so that other similar minded people can get in touch with you? Certainly if you have that kind of wisdom, you will be intellectually isolated. ( Or perhaps you are happy with the status quo?)

πŸ‘€dennis_jeeves1πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Frankly, that last paragraph is the most important one. If you were on the fence about actually starting that start-up, this is your golden opportunity.
πŸ‘€TheRealPomaxπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

in relation to twitter, the juvenile messages exchanged between Musk and former twitter CEO are also revealing https://fortune.com/2022/09/30/elon-musk-friendly-text-messa...
πŸ‘€seydorπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

It's run by people no smarter than you, with rules enforced by mentally domesticated highschool graduates with pistols.
πŸ‘€tb_technicalπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I recently read Our Man about Richard Holbrooke, and man, this notion really came across loud and clear.

(Also, it was a good read!)

https://www.penguinrandomhouse.com/books/215731/our-man-by-g...

πŸ‘€pclπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

People make mistakes. I'd rather ask a different question: what are the greatest decisions these people have made and the great things they build that I can't do, with or without luck? Then, there seems to be quite a few.
πŸ‘€hintymadπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

People get power because they scrap for it not because they somehow deserve it
πŸ‘€blurbleblurbleπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

They are definitely smarter in the ability of gaining power over other people.
πŸ‘€dandanuaπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

I simply don't believe there are people who are super-clever. I don't believe in "geniuses".

I believe there are people that are cleverer than me, and they can leave me mystified about how they worked out X. But that mystification doesn't require them to have a multiple of my smarts; it only requires them to have 10% more smarts than me.

In popular discourse, for example, Einstein is commonly credited as having been a genius. I'm not a physicist; but my understanding is that Einstein's SR and GR were essentially natural conclusions to draw from Maxwell's and Lagrange's equations. IOW, if Einstein had remained a patent reviewer, someone else would have produced those theories.

The same belief extends to "great men" of history; I think they emerge from the sea that they swim in, they do not command the tides. So I think that if Hitler had been killed in the WW1 trenches, some other authoritarian would have come along to unite the German people (perhaps not as bad as Hitler; perhaps worse).

πŸ‘€denton-scratchπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

> Elon adding, and then removing, a second verified checkmark to replace the one he devalued, something any B2C product expert would know is a terrible idea Elon proposing a $20/month price for Twitter Blue, and then immediately dropping to $8 at the first celebrity pushback, something any pricing expert would know is a terrible idea Elon (or his EA?) personally reinterviewing engineers at Twitter and telling them to print out code and then changing his mind, something any engineering manager would know is a terrible idea

I'm sure Elon knows how stupid these are, it's a publicity stunt

πŸ‘€JohnDoe124πŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

The selection process is plain stupid.

First, the candidades must have the will to power. They must lick the asses of the alphas to be promoted. They must make many promises to get help. They must hinder the others to be promoted. They must lie to the people to get elected.

So you have predominantly power-mad, spineless, corrupt, intrigant, dishonest assholes on top. The state of the world reflects that exactly. The bureaucracies too.

πŸ‘€mharigπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Yes, come to Argentina..., you will face that is run by people that is not even as stupid as your dog.
πŸ‘€ankaArπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

The world is run by people richer than you. /fixed
πŸ‘€t0bia_sπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Another question is, what takes the smartest mind?

Software engineers?

Medical doctors?

HFT?

Someone like Zuckerberg?

Some senator anywhere in the world?

Very hard to compare unless you have worked with all of them.

I frankly do not know, but I have severe doubts that its politicians.

Trump ran the worlds superpower and its still standing. His casinos did not all survive.

Makes me think.

πŸ‘€omgomgomgomgπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

It took the Fed a full year of inflation being over the target to raise rates.

If you look at the code of the climate models responsible for the decision making of trillions of dollars, you'll find old fortran code with many obvious inaccuracies on the order of magnitude of the things it's supposed to measure, and you'll find they all copy code from each other and reach diverging results.

πŸ‘€machina_ex_deusπŸ•‘3yπŸ”Ό0πŸ—¨οΈ0