Why Being Smart Does Not Guarantee Investing Success
In Singapore, we’re constantly being judged on our cranial capacity in schools starting from a young age. Parents of primary school children and most working adults (that’s me!) would be very familiar with the Gifted Education Programme (GEP), which aims to “ develop intellectual rigour, humane values and creativity” in intellectually-gifted children. Intelligence is important and nurturing it is vital. But being intelligent in certain areas does not necessarily translate into investing or money-smarts. I think most would agree that MENSA members would probably be amongst the smartest group of people around, given that they’re a group comprised of individuals with IQs belonging to the top 2% of the population. And if intelligence would equate to investing success, then these group of individuals would stand the highest chance of delivering stellar returns over time. But, did you know that the investment club of MENSA members in the USA only managed a meagre re...
