If he’s super rich, he must be a super genius.
That conclusion is a cognitive mistake many continue to make when they encounter a seemingly incongruous state of affairs, such as Elon Musk, the world’s richest man, behaving like an irrational idiot. And yet, behave like an idiot he does, day after day, a public jester who can buy the world’s most expensive jewels or light $44 billion on fire, but hasn’t yet found a shop to sell him self-awareness or common sense.
More here – The Garden of Forking Paths
Great article. I think it was all sort of said a while ago by Nic Taleb in “Fooled by Randomness”. Nice to have such an article with a reference to “Nature” though.