While I think it's great for a novice investor to read as much as they can, including following what
other smart people do, I'm a firm believer that you should study the reasons, criteria and mistakes they make rather than the individual stocks they invest in.
Yes, it's essential for a leader to have the backing of his or her troops, but the complexity of business today makes it just as essential that leaders be willing to follow a better path envisioned
by other smart people within the company.
In another one of our working papers, which links our result to various probability puzzles and statistical biases, we found that the simplest version of our problem is nearly equivalent to the famous Monty Hall problem, which stumped the eminent mathematician Paul Erdős and
many other smart people.
Don Cheadle: It seems like the same people that don't want to believe in the science believe in science when they need to take a pill or believe in science when they you know want something to work right in their house that's attributable to
other smart people who put that together, but in this issue it's got ta be part of something else.
If
the other smart people in the organization don't agree on a course of action, it is probably close to a 50 - 50 call.
The basic gist is that if you are going to be an active investor, you can probably avoid a lot of stupid mistakes by limiting your investable universe to those investments that have already been prequalified by ending up in
some other smart person's portfolio.
«Maybe it's time to not elect the smartest man in the room, but to elect someone smart who will listen to all
the other smart people in the room, and not just in the room but in the church - someone who brings people together, who builds a team,» Reese said.
ZILLER: The fact that you and
other smart people are optimistic makes me more optimistic.
W: In the mid-eighties, my reaction to it was it didn't seem that promising to me and there were all
these other smart people doing it.
«I think people in science are naturally drawn to
other smart people,» she says.
Possibilities expand as they realize that they are not alone, that
other smart people, accomplished people, well - meaning people ride the same roller coaster.
I did what
any other smart person would do if they were threatened by a hungry talking tiger who's name isn't Tony: I set the baby pig free and engaged in a 30 minute 1 - on - 1 battle with the king tiger.
If you've been following my weight loss updates, you'll remember that back in the fall Ian and I (and a few thousand
other smart people) did Kris Carr's 21 day Crazy Sexy You wellness program.
In addition to what I thought about,
some other smart people have thoughts on VDIGX too.
They look at things that
other smart people are buying.
What is attractive is the idea of selling products made by smart people (e.g. computers, iPods etc) to
other smart people (e.g. techies, entrepreneurs, college profs).
Unsurprisingly, this alienated me from
the other smart people on the team at times.
How many wouldn't be tempted to swallow their misgivings, to tell themselves that all
those other smart people must be right about climate change even if they themselves aren't entirely convinced?