You need rudimentary intelligence to understand a simple truth and average intelligence to deny it, but superior intelligence to replace it with an elaborate falsehood.
I know (or, at least, know of) a guy who's absolutely brilliant and stunningly erudite. What's more, he has a one-of-a-kind blog that features some of the best writing I've ever read. And I'm blown away by the fact that he sits down every morning and composes dazzling entries about spirituality, theology, philosophy, politics, psychoanalysis, and popular culture with virtually no planning. It just flows out of him onto his keyboard and into the blogosphere like a Mozart symphony. You may think I'm engaging in hyperbole, but I mean what I say. I'm tremendously impressed by this man's intellect and writing art.
There's only one problem. A lot of what he writes strikes me as the "elaborate falsehood" of a man so smart that his cleverness overwhelms his good sense, and he really believes the systematic nonsense he posts. I guess I'm just not smart enough (or dumb enough) to get taken in by it. But I continue to enjoy it much as one might revel in a great, brilliantly told fairy-tale.
What Does a $450M DaVinci Tell Us About Markets? - In Search of Market Signals in the $450 Million Da Vinci Price contains information, but how much does an outlier art sale say about stocks or the econom...
3 hours ago