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Momma said wonk you out



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“It’s all about I.Q.,” Mr. Gates said. “You win with I.Q. Our only competition for I.Q. is the top investment banks.”

Amazing how stupid people sound when touting IQ. Nor is it an accidental symmetry that MS succeeded not with IQ but monopoly, just as GS now succeeds with its monopoly on finance appointments. And as for IQ, only the lowest IQers at GS believe that this is good time to make their public offering; had they done it 5 years ago, they would have made perhaps 10x what they are likely to get now. Not so smart...

(I wonder what portion of lottery winners chalk their winnings up to IQ...and what segment of the true IQ distribution those folks belong to...)

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Ezra Klein is an associate editor at The American Prospect. An archive of his articles for The American Prospect can be found here.

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