The Problem With Really Smart People

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There is a problem with really smart people that is making you dumber and poorer.
Social media platforms like KZread, Twitter, TikTok and Facebook have allowed us unrestricted access to the greatest minds in the world. It’s also let us interact with these people instead of only being able to read their curated publishing.
Being able to watch hours of interviews with world renowned scientists or tweet directly with influential business people is amazing, but it creates 5 big problems and when these very smart people start talking about investing and personal finance those problems end up costing regular people lots of money.
Problem number one is the issue of false authority.
We now know that the average person puts a heavy weighting on the advice of smart people but even the smartest people in the world don’t know how you should invest your money.
An investing strategy is a very personal thing because it needs to consider your income, objectives, risk tolerance, tax strategies and current financial position, without knowing these its impossible for even the smartest investor to give good advice.
The problem for a lot of people is advice can be expensive and licensed professionals are also obligated to give people cold hard truths that they might not want to hear, such as you are never going to get rich earning $50,000 a year.
People don’t want to hear this so they look to smart people who are not afraid to give advice to see what they recommend.
Someone like Meet Kevin is obviously a smart guy because he has made millions of dollars investing into real estate and meme stocks and then millions more by talking about investing into real estate and meme stocks on the internet.
The advice he gives carries a lot of weight because he presents himself as an in the know figure that is willing to teach you the secrets of becoming wealthy from humble beginnings like he did.
Compare this to a boomer like the plain bagel who is only going to lecture you about how your portfolio is never going to MOON and that you should instead take your time to write out clear objectives and work those into a realistic budgeting and investing plan.
So it’s time to learn How Money Works to find out how listening to really smart people is costing us all a lot of money
#investing #business #howmoneyworks
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Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
For sponsorship inquiries, please contact sponsors@worksmedia.group
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.

Пікірлер: 1 100

  • @HowMoneyWorks
    @HowMoneyWorks Жыл бұрын

    Upgrade the way you learn with Brilliant! To get started for FREE go to www.brilliant.org/howmoneyworks

  • @Truthshouldalwaysbetold

    @Truthshouldalwaysbetold

    Жыл бұрын

    We really have to stop calling these people really smart people, if they were truly smart people then they would more aware of the real world that is around them not the imaginary world that we measure with measurements we created. Intelligence and intellect are two completely different things, one lies in ignorance and the other in truth. The very first words you will hear an intelligent person say is I don't know.

  • @Devon7839

    @Devon7839

    Жыл бұрын

    There's a what's app bott lurking

  • @Entertainment-

    @Entertainment-

    Жыл бұрын

    Why do you have to censor the word “city” on KZread…

  • @lilsimon420

    @lilsimon420

    Жыл бұрын

    "Take a lot of what I'm saying with a grain of salt, because I often am wrong" - One of the most incredible humans to ever live.

  • @lilsimon420

    @lilsimon420

    Жыл бұрын

    kzread.info/dash/bejne/hXVsvKSDh9KdY6g.html

  • @FigureOnAStick
    @FigureOnAStick Жыл бұрын

    A quick list to remember the major points of the video 1. Expertise is domain specific 2. If they can't explain their plan simply, that's because there is no plan 3. Plan to live your own life, not to replicate someone elses 4. Don't ever trust the hype 5. Don't ever trust the hype

  • @HowMoneyWorks

    @HowMoneyWorks

    Жыл бұрын

    This is excellent!

  • @darreljones8645

    @darreljones8645

    Жыл бұрын

    I'd amend those last two to: 4. Don't ever trust your own hype. 5. Don't ever trust others' hype.

  • @mariokarter13

    @mariokarter13

    Жыл бұрын

    To expand upon 2, the truest expression of your mastery of a subject is being able to explain it to other people. If you can't explain it to a 3rd grader without an endless stream of technical jargon, you're not as smart as you think you are.

  • @pullt

    @pullt

    Жыл бұрын

    @@HowMoneyWorks Cool opinion, but on the web, any dumbass can claim to be an expert. Did you even watch the video?

  • @MistyMountainMedia

    @MistyMountainMedia

    Жыл бұрын

    the vast majority of revenue is generated through products and services. and that's really all there is to investing or not. Is this a good product/service or not? Do I believe people will buy/rent/lease this or not? And all valid business can be explained in one sentence. i.e. "generating ad revenue through a web based search service" or "selling two wheeled transpotation systems without a combustion engine for inner city customers"... if you can't explain your business in one sentence than I wouldn't leave my money with you...

  • @luisfilipe2023
    @luisfilipe2023 Жыл бұрын

    “True intelligence comes from knowing your limits and knowing who and when to trust”

  • @agmuntianu

    @agmuntianu

    Жыл бұрын

    isn't that wisdom ?

  • @beausheffield1895

    @beausheffield1895

    Жыл бұрын

    @@agmuntianu combined with humility.

  • @bobsinhav

    @bobsinhav

    Жыл бұрын

    "That is outside my field of expertise"

  • @perseusarkouda

    @perseusarkouda

    Жыл бұрын

    Sounds nice but it's not true. I'm working with someone who is dumb but very good at reading people and playing with them. On the other side I'm very good on technical fields but I suck on communicating with people. We "thrive" by combining forces.

  • @luisfilipe2023

    @luisfilipe2023

    Жыл бұрын

    @@perseusarkouda you’re confusing being dumb with being slow and confusing being smart with being manipulative

  • @bradleytaylor8009
    @bradleytaylor8009 Жыл бұрын

    Good thing I have an IQ of 185 and am the smartest guy in the room giving people advice so I don't need to worry about being misled.

  • @bradleytaylor8009

    @bradleytaylor8009

    Жыл бұрын

    This is obviously a joke please don't reply and make a fool of yourself

  • @lilsabin

    @lilsabin

    Жыл бұрын

    🤣🤣🤣😜👌🏾

  • @jakobstisen6366

    @jakobstisen6366

    Жыл бұрын

    @@bradleytaylor8009 How could I my IQ is in this minute 190, and therefor no fool cold be made of me. Or something 😁.

  • @CardGamesTV1

    @CardGamesTV1

    Жыл бұрын

    Facts

  • @Sam-bn7jk

    @Sam-bn7jk

    Жыл бұрын

    @@bradleytaylor8009 bro i was replying im 186

  • @Shanshu72
    @Shanshu72 Жыл бұрын

    The worst is when their initial start of the conversation is actually logical and no one can refute it. Then once they gain your trust, they slowly divert into their true intention while not being alarming.

  • @edgarrodriguez8973

    @edgarrodriguez8973

    Жыл бұрын

    You are right, similar to some kind of the rhetoric used by sect or cult pundits.

  • @therantshack

    @therantshack

    Жыл бұрын

    The Jordan Peterson effect

  • @NankitaBR

    @NankitaBR

    Жыл бұрын

    That is how com artists fool people. Half the stuff they say are true and the other half is the con.

  • @Barrrt

    @Barrrt

    Жыл бұрын

    I call this 'the bullshit rollercoaster'. It starts off credible/true, and then slowly it takes you for a ride

  • @4zdr456

    @4zdr456

    Жыл бұрын

    That's why you have to learn to float, so when the cart dips into bullshit land, it doesn't drag you with it.

  • @xiol9899
    @xiol9899 Жыл бұрын

    I love the line "...actually think that their path to success is repeatable without the advantages or good fortune they had along the way." We don't want to hear about how little control we have in our lives about success and that major fortune can be as much a part of lucky circumstance as hard work. Influencers create the image that they were in the same position and you are just as much one step away from their success as them - such a dangerous idea well explained here.

  • @Laotzu.Goldbug

    @Laotzu.Goldbug

    Жыл бұрын

    People have a lot less control over their success than they think. People have a lot more control over their success than they are willing to admit.

  • @kabloosh699

    @kabloosh699

    Жыл бұрын

    @@Laotzu.Goldbug I think the best words of advice is "You miss 100% of the shots you don't take."

  • @xiol9899

    @xiol9899

    Жыл бұрын

    @@Laotzu.Goldbug Well said and it's true, great reminder! Had to re-google it but reminds me tangentially of quote about holding two opposing ideas in mind by Scott Fitzgerald - for example, be able to see that things are hopeless yet be determined to make them otherwise. Life can be such a paradox sometimes, but we have to find what works for each of us individually. Figure out the way forward.

  • @maatonne

    @maatonne

    Жыл бұрын

    I have always been big on this, always being an unlucky guy growing up I realized how much of a role it plays in life. And even tho I am smart and competent I have realize that even my successes are thanks to me getting lucky despite being unlucky in general

  • @diogenesoliveira6473

    @diogenesoliveira6473

    Жыл бұрын

    Yeah, we humans are very uncomfortable with the reality of the huge role that random chance plays in our lives.

  • @EngelSpiel
    @EngelSpiel Жыл бұрын

    As someone who is often called smart, I have two quotes that I (try to) live by: 1: "A fool *thinks* he is wise, but a wise man *knows* he is a fool." 2: "If you think you're the smartest man in the room, you're either wrong, or you need to find another room."

  • @rhemtro

    @rhemtro

    Жыл бұрын

    bro ☝️

  • @Lolatyou332

    @Lolatyou332

    Жыл бұрын

    Yeah, I get called smart frequently, even by people I've only met briefly. I graduated college with a perfect GPA, despite not having to really try too hard. The first phrase you gave is not a good example at all. I'm assuming it is supposed to be related to the concept that as someone becomes more familiar with a concept they learn more about what they don't know about such concept. Thus someone who is good in a wide variety of fields, will know that there is so much that they don't know about those fields. It's OK to know if you are wise or not, it ultimately comes down to why you think you are wise and what you are using for comparison for what is considered 'unwise'. The second phrase is also mostly pointless. You are going to dump your existing family and friends because you are smarter than them? Are you actually smarter than they (from an adaptable standpoint) or are you more disciplined than them? What metric is used to determine if you are 'smarter' than them, and how will you find another group of people who you consider smarter than you, who are even going to want to waste their time around you? If you actually want to improve in life, is it really necessary to be in a group of people smarter than you? You have access to the internet and can retrieve knowledge from people smarter than you without having to socialize with them. Discipline is ultimately what is going to matter for improving your life.

  • @sebaschan-uwu

    @sebaschan-uwu

    Жыл бұрын

    1. A wise man is not a fool 2. It is very much possible that you could be the smartest person in any given room. That doesn't mean nothing anyone else says has merit though.

  • @YourPalHDee

    @YourPalHDee

    Жыл бұрын

    Lmfao, this "Brain flexing" in a KZread comment section is hilariously painful to witness.

  • @R_802

    @R_802

    11 ай бұрын

    @@YourPalHDee yeah lol. It's so cringe.

  • @xcw4934
    @xcw4934 Жыл бұрын

    #1 is actually also due to media seeking out smart people who are willing to answer questions outside their expertise. I worked as an academic for a brief time and spent a lot of time around very well published academics. I can't imagine that any one of them would ever be comfortable answering questions that are even slightly outside their expertise. Just about everyone I worked with would have refused to comment on anything that wasn't their own research or broadly accepted concepts that we teach in courses. Most academics are smart enough to keep their mouth shut about stuff they don't genuinely know to be 100% true or at least be very upfront about the limit of their knowledge. However, that's really boring to publish. Much more interesting when you get a charismatic person with a PhD willing to talk about anything and everything on your show. That would get lots more views.

  • @proteus3034

    @proteus3034

    Жыл бұрын

    Attracting views is my guess

  • @stefanwolf8558

    @stefanwolf8558

    Жыл бұрын

    It's the same thing when the media interviews famous people about unrelated things. Such as actors on topics like investing, science, history etc. And the layman mistakes their fame for credibility.

  • @LeViIain

    @LeViIain

    Жыл бұрын

    Every expert of every country was wrong about covid, stop pretending academics are better than rich people. Most people don't really know what they're talking about most of the time. If you don't even try to do anything outside of your own expertise ever, you'll end up being dumber in the long run.

  • @aaftiyoDkcdicurak

    @aaftiyoDkcdicurak

    Жыл бұрын

    If you say the atomic weight of gold is this and get it wrong your stupid. If you say I believe the atomic weight of gold is this if I remember correctly will make you seem smart even if you're wrong.

  • @dogetaxes8893

    @dogetaxes8893

    Жыл бұрын

    The issue with that approach that often progress comes from fields and often unrelated fields or accidents, the cloud chamber that physicists used to observe particles came from a curious Meteorologists. Often progress comes from a different field and outside perspectives from people completely unrelated, people just staying in their own lane can easily devolve into a stagnant technocracy. It’s a balance of people staying in their own lane and also being able to go out on a limb on topics they might not be experts in.

  • @stephenstanton6860
    @stephenstanton6860 Жыл бұрын

    Bruh. I died at calling the plain bagel a boomer

  • @Marqan

    @Marqan

    Жыл бұрын

    ~obviously that guy is an idiot

  • @VanguardArmament

    @VanguardArmament

    Жыл бұрын

    Our favorite boomer

  • @solokalnesaltam3015

    @solokalnesaltam3015

    Жыл бұрын

    Literally made me belly laugh

  • @funtechu
    @funtechu Жыл бұрын

    There are three words that are a great defense when people ask you a question about an area you are not familiar with - "I don't know".

  • @2bfrank657

    @2bfrank657

    Жыл бұрын

    Yup, those three little words can save sooo much embarrassment.

  • @cristian-bull

    @cristian-bull

    7 ай бұрын

    I use the chatGPT answer style: partially informed or incomplete answer + "however, I am not fully familiar with that topic. You should probably verify the information or ask someone who knows better if possible "

  • @Stellaudemba
    @Stellaudemba Жыл бұрын

    In the book Psycology of money, there is a chapter about people playing a different game than you. I feel like this episode is a video version of that chapter. Basically that chapter was saying that taking financial advise from people isn't always great because you don't know their plan, their financial situations and how long they are willing to stay even when things start going south, unlike you. Basically, financial advises should be very personal and tailored to you and your situation.

  • @Denver_____

    @Denver_____

    Жыл бұрын

    You mean meet Kevin rug pulled everyone?

  • @tomlxyz

    @tomlxyz

    Жыл бұрын

    Are you saying there's no universal way to get rich?

  • @aaftiyoDkcdicurak

    @aaftiyoDkcdicurak

    Жыл бұрын

    People become rich/powerful for one reason. They are ruthless. In Machiavelli's the prince he says good people should be as ruthless as the evil as to attain the same amount of power.

  • @sopademacaco1535

    @sopademacaco1535

    Жыл бұрын

    Psychology of money looool bro start reading philosophy and you’ll laugh at yourself for reading that type of books

  • @seekittycat
    @seekittycat Жыл бұрын

    As mob psycho says just because you're good at something it doesn't make you less of a normal person.

  • @LinoSey

    @LinoSey

    Жыл бұрын

    You mean make you “more” of a normal person right?

  • @kookiekommenter

    @kookiekommenter

    Жыл бұрын

    @Lino Sey nah, OP worded it correctly, even if a bit awkwardly. Another way to say it is, being good at something doesn't make you special, or it doesn't make you superior to other people.

  • @abetterfuture4787
    @abetterfuture4787 Жыл бұрын

    It sucks because I really want to like Neil. He was one of my favorites for years, but I can't get behind this "Oh normal people are too stupid to know what's good for them, therefore my voice is the only one that matters" authoritarian attitude that he has had recently.

  • @10-AMPM-01

    @10-AMPM-01

    Жыл бұрын

    That's what a representative democracy looks like. That is our actual system of governance in the United States of America... It's just that politicians DO NOT communicate with the public. You seem to not notice that; or appreciate the humility it takes to be a leader. Lead soldiers into battle and you'll hear a lot about cannon fodder and toy soldiers. Apparently foot-soldiers are too stupid to know what's good for them (they know what is good for the group).

  • @2bfrank657

    @2bfrank657

    Жыл бұрын

    Yeah I don't have much respect for people who complain about others being too stupid to understand them. It's a fact of life that some people are smarter than others. If these people are so smart, then how come they can't work out how to communicate with another, at that person's level? Maybe they're not as smart as they think they are.

  • @MJ-uk6lu

    @MJ-uk6lu

    Жыл бұрын

    As a non-American, he looks like complete clown

  • @Ryan-wx1bi

    @Ryan-wx1bi

    Жыл бұрын

    @@2bfrank657 exactly. In my opinion, if you can't explain a subject to someone unintelligent or normal, then you don't truly know the subject. Like the Physicist Brian Cox.. He can explain things that are just way too complex for me to understand in a way I can somewhat grasp it

  • @ScottHess
    @ScottHess8 ай бұрын

    I once found myself at a company renowned for hiring smart people, and I was finding some of them frustrating because they were pushing ahead on things that obviously weren't working. Not long after starting, I ran across an article which made the argument that really smart people sometimes need to fail more often than smart people, because they don't have enough experience with failure to recognize it. The basic idea was that smart people probably floated through high school, but then got some challenges in college and learned to recognize when to change their path because their approach wasn't working. But if a person was smart enough, even college would be easy, and then they found themselves in the workforce without having learned how to recognize failure. So where a smart person would try something two or maybe three times, and then change tack because it wasn't working, a REALLY smart person might keep trying over and over and over in the belief that they are right and the world is wrong. I don't know if this is actually true. Maybe it's just general ego as the video suggests at one point. But I have often heard smart people arguing points which are CLEARLY failing, seemingly not able to comprehend why their hypothesis isn't being born out by the real world. Sometimes you're just wrong, unfortunately.

  • @cristian-bull

    @cristian-bull

    7 ай бұрын

    The importance of quick learning feedback. I work on machine learning, where initial experiments are (hopefully) quick and short and you learn to fail quick and try something else. "It didn't work. Why?" "Ok, this other thing worked... Why??" Unfortunately, not all fields have a quick feedback loop. As example, for someone in human resources it could take months, to figure out someone was a bad hire. For a manager, a business decision can take years to show results. Delayed feedback delays learning too. Smart people should probably push their learning to the point where it's challenging and they do make mistakes consistently. Make it harder until you make mistakes or get a Nobel prize lol

  • @DJRenee

    @DJRenee

    7 ай бұрын

    You are correct. They may not recognize failure soon enough.

  • @Jackson_Zheng

    @Jackson_Zheng

    2 ай бұрын

    No, I wouldn't say that's entirely correct. Per my definition, being "smart" generally has to encompass everything, not just in one specific domain or practice since if that's the case, with enough time, everyone can be geniuses. Truly smart people don't act like the typical smart people you meet. They listen more than they speak and when they share their thoughts, they usually back it up with evidence or a logically tight argument. It's hard to argue with someone who is truly smarter than you, because they would (by definition) know more than you and thought further ahead than you. Oftentimes, you can tell when a person is smart by the consensus of people who agree with what they say, even when they aren't the most outspoken or popular person in a group. The people who are obnoxiously smart are typically just being pretentious.

  • @IM-qy7mf

    @IM-qy7mf

    Ай бұрын

    @@Jackson_Zheng No. Also, why are y'all so hung on gatekeeping the label "smart"? It's as useless as being gifted once you make it out of high school.

  • @IM-qy7mf

    @IM-qy7mf

    Ай бұрын

    I agree, but disagree. Sometimes the 'really smart' person (might be an average person, too, btw) just has a greater bandwidth to tolerate failure, or a greater safety buffer. Let's say I had 3 billion dollars in the bank, while you only had $300,000; we would likely not have the same tolerance for risk and failure. Above all else, I think that's what you witnessed in the situations you described in your comment-''really smart" people having a greater tolerance for risk and failure.

  • @owlmostdead9492
    @owlmostdead9492 Жыл бұрын

    Thank you for being one of the very few rational people who can acknowledge that luck is always a required part to success. I believe there is, at most, a handful of people who would succeed a second time.

  • @jonosimpson3379

    @jonosimpson3379

    Жыл бұрын

    From memory, Veritasium has a good video on this subject too, about the paradox of success. Called "is success luck or hard work"

  • @mwase7782

    @mwase7782

    5 ай бұрын

    Luck is a part of success, yes, but luck is also a result of your actions.

  • @owlmostdead9492

    @owlmostdead9492

    5 ай бұрын

    @@mwase7782 Luck is never a result of anything, luck is a spontaneous unintentional positive outcome. In order to have any influence over/reproduce luck, you'd have to be able to predict the true randomness of the universe which is impossible for us, or completely impossible, since you'd have to predict virtually infinite possibilities of everything.

  • @parsafarjammusic28
    @parsafarjammusic28 Жыл бұрын

    The self confidence problem is something I think Veritasium explained very nicely in their video "Is Success Luck or Hard Work". Hard work is necessary for success but so is luck. When the smart person with a lot of hard work becomes successful, in their eye their success is a direct result of their hard work, while in reality many others with the same intelligence and hard work ended up failing.

  • @EngelSpiel

    @EngelSpiel

    Жыл бұрын

    I can personally attest to this. I admit I could work much harder, but I'd also say I'm profoundly much more well-off than most of my contemporaries. To your point, I think it's largely because of my parents - not just financially, but also emotionally, as they're very caring without being coddling.

  • @matt69nice

    @matt69nice

    10 ай бұрын

    Derek of veritasium is ironically another example of a person with a platform who uses their platform to talk about subjects he has no expertise in.

  • @imaXkillXya
    @imaXkillXya Жыл бұрын

    High IQ doesnt stop you from having a big ego. That video where the Marine guy happened to be smarter than the girl who thought he was the dumbest person in the room because he was a marine. Its the best example I can think of

  • @EngelSpiel

    @EngelSpiel

    Жыл бұрын

    I think it's very silly to assume that being a member of military personnel is mutually exclusive with intelligence. I mean, the US Navy has a whole page saying they recruit entomologists, and guess what? It looks like you gotta get some grad school experience to qualify.

  • @Chuckler127

    @Chuckler127

    11 ай бұрын

    kzread.info/dash/bejne/a3atq5uQlbvWaco.html

  • @adsffdaaf4170

    @adsffdaaf4170

    8 ай бұрын

    ​@@EngelSpielyea smart people can make poor decisions

  • @ozenky
    @ozenky Жыл бұрын

    As a teacher, researcher and considering myself a "smart guy", I can add some things: In the world of science and research, people usually ask questions to almost everyone and critics (constructive or not) are a thing. People are aware that even if you are smart, bad things can happen and scalate pretty quickly. On the other hand, people who "admire" smart people, don't ask such questions and just believe in everything they say. They try to be the same they are in their research or academic environment, with people who are not in the same environment. Also, school systems tend to idealize smart people, when really it is a group of individual with special needs in education, due to their high IQ. This should be addressed in every school system, to avoid this kind of biases in the future. Still, as the author says, they are a natural phenomena, but we can tackle it with some doubts and more information.

  • @aaftiyoDkcdicurak

    @aaftiyoDkcdicurak

    Жыл бұрын

    This one goes out to all the geniuses in special education.

  • @RR-et6zp

    @RR-et6zp

    Жыл бұрын

    Women prioritize feelings

  • @RR-et6zp

    @RR-et6zp

    Жыл бұрын

    Women prioritize feelings

  • @nathanknight6042

    @nathanknight6042

    8 ай бұрын

    Neil DeGrasse Tyson says women competing in men's sports is no problemo 🙄

  • @imbarmstrong
    @imbarmstrong Жыл бұрын

    Truly smart people are able to evaluate the limits of their knowledge and know to keep quiet on subjects not in their field.

  • @genericsomething

    @genericsomething

    Жыл бұрын

    I thought that was wise people.

  • @Firstsurugi

    @Firstsurugi

    Жыл бұрын

    This whole video is about how not true that is

  • @zimbu_

    @zimbu_

    Жыл бұрын

    Lord Kelvin estimated the Earth to be 100 million years old, Linus Pauling convinced himself of vitamin C megadosage. They were smart and within their field.

  • @TRUEbASNER

    @TRUEbASNER

    Жыл бұрын

    It starts out that way. But becoming public figures undoes all that. Success can make anyone lazy, regardless of IQ.

  • @markgothard7158

    @markgothard7158

    Жыл бұрын

    I like outing know it all’s. Drag them into your area of expertise and give them the floor.

  • @thattimestampguy
    @thattimestampguy Жыл бұрын

    2:04 [“Stay In Your Lane”] 3:35 More questions one is demanded to answer, the more possibility to screw up and fall from perfection. 5:07 Enron 7:25 (Success for one person is not always directly translatable to a different persons different circumstances) 10:33 Assumption of Excellence in all fields 11:53 Reputation overestimation

  • @HighTide_808
    @HighTide_808 Жыл бұрын

    Plain bagel is a Canadian treasure

  • @andrewfriedrichs9340
    @andrewfriedrichs9340 Жыл бұрын

    Check out the Rational Reminder podcast. They interview litteral Nobel Prize winners who apologize for talking too long on a question. Intelligence + humility is insanely refreshing. Specifically 100 and 200 Fama and French are both class acts.

  • @HowMoneyWorks

    @HowMoneyWorks

    Жыл бұрын

    It’s one of my favorite podcasts. Ben Felix is incredible underrated.

  • @loldoctor
    @loldoctor Жыл бұрын

    I really appreciate your concise overview of the expert bias, especially your emphasis on how a PhD is the product of nothing more than original research (with varying degrees of originality) in a specific field, with one’s dissertation focusing on an extremely specific topic within that specific field. I’m an academic working in the humanities and it’s really unfathomable to me to see scholars from other friends speak with such confidence about areas of expertise entire unrelated to their specialty. My discipline involves a fair amount of philosophy and theory, so I do think that the formal and logical approach I take in my research influences the way I approach ideas and problems that aren’t related to my field at all. But I would never claim that my approach makes me knowledgeable, it makes me critical, maybe even skeptical, and it may lead me to learn more about the topic both due to the questions I’m asking but also because I have research skills (as well as access to things like journals via my university) that make it easier for me to gather information. What’s strange is that one of the first things most people learn in graduate school is just how fragile the concept of “authority” can be. If we look at the “authority on X,” the person who knows more than anyone else in the world about a given topic, most of their knowledge is going to be knowledge of the problems and outstanding questions that pertain to the subject on which they’re an authority. So it makes absolutely no sense for any scholar to emerge from academia with a sense of entitlement to speak on subjects far outside of their field or specialty. The most egregious example of this would be Pinker’s work that attempts to objectively synthesize dozens of branches of scholarship covering centuries of time and spanning hemispheres just because he… works at Harvard? I’ve met plenty of people who worked or went on to be Harvard professors. Suffice it to say, none of them left me awestruck by the sort of near-omniscience required to actually complete a project like Pinker claims to have (twice). The quality that most informs these “experts” who speak far outside their field isn’t their knowledge or intelligence, it’s a lack of self-awareness at best and sheer narcissism at worst. I’m sure there’s some degree of a snowball effect, where media starts reaching out about subjects you know a lot about, and then building up your persona, and then asking about other things that you don’t know as much about, so you try your best, and then it keeps going from there until you’re suddenly no longer an expert on a specific niche subject, you’re now an expert sans qualifier. A good example of someone who has managed to do the opposite of a Tyson or Pinker is Brian Greene, who has for the most part stayed in his lane as a physicist. He does dumb things down in a way that’s perhaps problematic to other physicists, but he doesn’t speak to topics that he hasn’t himself mastered. He leaves the niche of his hyper-specialized research, to be sure, but only to explain the more fundamental ideas that underpin that niche. In this way, he proves that remaining true to one’s expertise doesn’t prevent you from engaging with a popular audience. It just means you have can’t talk about climate science as a psychologist, in the same way that you wouldn’t consult a electrician to fix your plumbing.

  • @Iron-Bridge

    @Iron-Bridge

    Жыл бұрын

    Well said. You've given words to something I've thought about for awhile.

  • @mariosandoval599

    @mariosandoval599

    Жыл бұрын

    I think Socrates said that he disliked those who had knowledge on one subject, and because of that they felt they could speak on all matters with confidence as if they were experts on that matter. It made them believe that they were considered smarter than people around them and as a consequence that their argument would hold more weight even discussing a topic they knew little to nothing about. I suppose the image they held of themselves as "intellectuals" didn't allow them to approach such discussions with humility and admit they don't really know.

  • @neildutoit5177

    @neildutoit5177

    Жыл бұрын

    Well written argument. I'm going to have to, however, disagree in the strongest terms. As someone who has studied courses from 5 different faculties and constantly works in interdisciplinary research, I believe there are several big problems with this idea of "staying in your lane": 1) Accountability. This is the biggest one by far. The more that you insist that people stay in their lane, and the more narrow those lanes become, the smaller the pool of people becomes who are "allowed" to criticize any given academic's work. This allows bullsh*t to survive far longer, leads to major difficulties in obtaining independent replication/verification and peer review (since everyone in that lane is probably part of a small group of close-nit researchers/friends), and allows theories to only ever be questioned by people who think and believe the same things as the person who proposed the theory (see, eg, string theory). 2) Duplication of effort. It is very often the case that problems in different fields require solutions to the same types of problems, just in different contexts. You don't want each of those fields to independently tackle those problems. An amazing example of this going wrong was when a medical doctor published a paper a few years ago on "a new method for estimating drug administration quantities" or something to that effect which, when it was looked at by someone with a BSc, was quickly found to be nothing more than a re-discovery of the centuries old and very well known trapezium method of integration estimation. Thank goodness that people other than medical experts were "allowed" to "stray from their lane" and point this out. 3) Better understanding. I can tell you that when I studied philosophy, I often found concepts explained there that were analogous to some other concept I had learned in electrical engineering. No jokes. I forget who said this quote but it's 100% true IMO: "He who understands only chemistry does not understand chemistry". 4) Changing areas of progression in a subject. Take the study of the mind for example. 100 years ago we did not have the tools to study the mind from a computational perspective. The best way to study the mind was using the traditional tools of psychology. However, we now do have these computational tools. As a result, people like the artificial intelligence expert Joscha Bach are making inroads into questions such as the role of emotion in cognition with powerful results that would never be possible within the domain of psychology because psychologists simply do not have the tools to do this. Data science is another example of an area that can make progress in other disciplines in areas where they have been stuck. Like Mythological studies, for example, which would previously have been seen as a purely humanities discipline. But nowdays they are able to tackle problems such as finding the origin of myths and their dispersal patterns by apply sophisticated AI natural language processing techniques. 5) Different perspectives. This one is obvious. 6) Because even when these people who are "straying from their lanes" are wrong, they are more often than not wrong for a very different reason that the reasons that the people within that lane are wrong. And the process of having to figure out why these people are wrong can very often lead to new insights. 7) Because the whole idea of subjects being independent is a fiction of commercialised knowledge production in the first place. If you were to suggest to the ancients that philosophy and physics were different subjects they'd think you're mad. And I would tend to agree. Physicists go completely astray very often due to basic errors of philosophical reasoning. And philosophers, for the same reason. 8) Because the narcissism argument cuts both ways. Assuming that noone but you and people who have studied the exact thing that you have could possibly know anything about it is highly presumptuous. There are a large number of historical examples of absolutely game changing discoveries being made in fields by people who weren't experts in them. So what about idiots like Neil de grasse Tyson? Well, simple, he's an idiot. The problem is not that he's talking outside his lane. The problem is that he's wrong. And that's how we should treat people who speak on subjects they're not experts in. Listen carefully but skeptically, make sure we really understand exactly what they're saying, decide whether they're wrong or not, and react appropriately. Do not dismiss people's ideas on principle. Ever.

  • @Laotzu.Goldbug

    @Laotzu.Goldbug

    Жыл бұрын

    @@neildutoit5177 I think you make a good point but this is a very subtle distinction. The desirable quality is not so much staying in your lane in terms of artificially constraining your intellectual pursuits but rather staying in your lane in terms of knowing your own limits of knowledge and reasoning. That is, it is humility rather than narrow-mindedness which is at play here.

  • @neildutoit5177

    @neildutoit5177

    Жыл бұрын

    @@Laotzu.Goldbug That's a fine distinction to make. But it is an exclusively personal one. One should know one's own limits. But that does not give you any grounds to shut someone else down. Whether or not they are suffering from a deficit of humility is something that you can only determine by examining the content of their argument. So I agree everyone should try to know the limits of their own knowledge and be humble. But I cannot tell whether someone else is doing that or not without engaging in what they're actually saying, I can only know for myself whether I'm doing that or not. It reminds me of this conversation I saw on New Years Eve where this guy was lecturing this girl for like 20 minutes about something and she eventually tries to give her own input and he says to her "a wise man once said you should listen to understand and not to respond" and I just thought my word, if you are using that quote as a way to shut someone else up so that you can speak more then you have 100% missed the point. The quote is how you personally are meant to behave. Not how you're meant to tell other people to behave. So it's a fine quote if you apply it in your own life but a terrible idea if you use it as a weapon against others IMO and I think your distinction is the same.

  • @cahdoge
    @cahdoge Жыл бұрын

    In my school years the invited a sucessful (running their own institute at an university) former student to give a talk on their career. Half way through the talk, my best friend and I concluded that you definetively have to be lucky to find sucess.

  • @RR-et6zp

    @RR-et6zp

    Жыл бұрын

    Nope. Most people are lazy , also in this vid it doesn’t mention that Women prioritize feelings. Most disciplines are BS if you apply the scientific method

  • @4.1132
    @4.1132 Жыл бұрын

    We have a word for people like that in German which is “Fachidiot”, literally meaning subject idiot. In general though it’s always good to vet information, because even if something is within the broader field of expertise of that person doesn’t guarantee they are experts in regards to your specific question. If someone studied Physics and you ask them how a quantum computer works, they might have a better understanding than the general population but not necessarily the in-depth knowledge to answer very specific questions or make judgements about that topic. On the same note, it’s important to look at how information was obtained when reading things online, like checking sample sizes or additional information in regards to methodology or even when a theory was published. Most scientific papers are very specific and only apply within specifically set conditions and use cases.

  • @lewismassie
    @lewismassie Жыл бұрын

    On the NDT example: I am not a career scientist, but I rubbed shoulders with them for a while. Really, truly smart people have a knowledge pool a foot wide and a mile deep. Anything outside that foot is splashing The Modern Rogue youtube channel did a video about radiation with a real scientist, and watching him answer questions was fascinating because a lot of the time he _didn't_ answer them.

  • @matzof

    @matzof

    Жыл бұрын

    I think smart people in the modern world have a T-shape knowledge pool. Deep in one field and superficial in others. They will still be more informed than the average person in most areas, but they will be aware they are no experts there so they will warn and turn off people who believe they are.

  • @me0101001000
    @me0101001000 Жыл бұрын

    Something that needs to be redefined in our language is the word "genius". To me, personally, genius does not describe a state of being, but a type of action. You can't be a genius, but you can perform acts of genius. It's these little cues that I think are so powerful. I think that little change will help us from categorically putting someone on a pedestal to simply respecting the work done by some very smart people who are very good at certain things.

  • @mecanuktutorials6476

    @mecanuktutorials6476

    Жыл бұрын

    Your take is genius

  • @DAMfoxygrampa

    @DAMfoxygrampa

    Жыл бұрын

    But then you meet John von Neumann and realize true geniuses do exist from time to time

  • @me0101001000

    @me0101001000

    Жыл бұрын

    @@DAMfoxygrampa he was brilliant, don't get me wrong. But I'm pretty sure he also understood that his wheelhouse was in mathematics, natural science, and engineering. He wasn't a skilled athlete or sportsman, and to my knowledge he wasn't huge into the arts. Again, no disrespect on this scientific and mathematical titan. He was a master at the things he did, but I still hold the belief that genius is an act, not a state of being.

  • @DAMfoxygrampa

    @DAMfoxygrampa

    Жыл бұрын

    @@me0101001000 I was just thinking about some predictions that he made about WW2 that, if I remember correctly, came true. But yeah I do get your point haha I just like playing devil's advocate

  • @Brian_S_O_Tuireann

    @Brian_S_O_Tuireann

    Жыл бұрын

    I don’t think that would work in practice. Because someone who had more resources, connections, and luck can claim that their success were “acts of geniuses” while downplaying any other person who is a conventional “genius” by simply asking them, “If you are so smart, where are your acts of geniuses, hmm?”. Which is quite a childish attitude.

  • @SoUnDMaN831
    @SoUnDMaN831 Жыл бұрын

    There is a good book that gets into this in great detail. Read Intellectuals and Society by Thomas Sowell. It’s all about people that are smart in one field being treated as experts in every field. It also explains how most are actually wrong in their assertions outside of their specialty.

  • @ethanslamberry6982

    @ethanslamberry6982

    Жыл бұрын

    this is incredibly ironic given some of the takes that thomas sowell has given over the years

  • @SoUnDMaN831

    @SoUnDMaN831

    Жыл бұрын

    @@ethanslamberry6982 I see what you mean, but I consider this book to be very accurate because as a professor. He been around a lot of other intellectuals that go into the public eye and venture into fields they are not experts in. His observations are far more up close and personal then you or I. Also, the book came out 10 years ago and it’s still stands the test of time.

  • @ethanslamberry6982

    @ethanslamberry6982

    Жыл бұрын

    @@SoUnDMaN831 oh i've nothing against the core theme of that book, in fact it's more true than ever in this day and age. i was just pointing out the irony xD

  • @SoUnDMaN831

    @SoUnDMaN831

    Жыл бұрын

    @@ethanslamberry6982 I give you a thumbs up 😆

  • @Laotzu.Goldbug

    @Laotzu.Goldbug

    Жыл бұрын

    @@ethanslamberry6982 to be fair I have rarely seen Sowell give hot "takes" outside of sociology/economics, which is quite literally his field of expertise. That doesn't mean he can't be wrong of course, but I don't think he's straying outside of his lane or speaking out of school.

  • @Articulate99
    @Articulate999 ай бұрын

    Always interesting, thank you.

  • @DK-yy2ie
    @DK-yy2ie Жыл бұрын

    A true genius is not afraid to admit when they don’t know something.

  • @clowndriver5576
    @clowndriver5576 Жыл бұрын

    This channel provides the most down to earth information you will ever find. Love this ♥️

  • @kaliprime8377
    @kaliprime83775 ай бұрын

    Thank you so much for sharing what should be obvious but clearly is not.

  • @adamzaczek6342
    @adamzaczek63427 ай бұрын

    I'm a new subscriber. This video is aging better day by day. I'm a relatively successful tech startup founder. I used to admire a lot of the people in the industry that I am now considering, well, not very wise. My takeaway is, you can admire someone's skill in a particular field, and take their insight anywhere else with a grain of salt. Or a whole bucket sometimes ;)

  • @johnrobinson5156
    @johnrobinson51568 ай бұрын

    I was once told by a very Wise Old Man: "If you can't Impress Them With Intellect, Baffle Them With BullSh!+"

  • @D1firehail
    @D1firehail Жыл бұрын

    A clear example of this is how someone can be very smart when it comes to finance and making videos, but still have very flawed views on music. Interpret that however you wish

  • @imbarmstrong

    @imbarmstrong

    Жыл бұрын

    Just watched Patrick's latest video as well? 😆

  • @arga400

    @arga400

    Жыл бұрын

    Pin worthy comment

  • @kevkuehnertskuelerkuehlschrank

    @kevkuehnertskuelerkuehlschrank

    Жыл бұрын

    i strongly agree on this one

  • @2bfrank657

    @2bfrank657

    Жыл бұрын

    The whole time he was talking about Neil Degrasse Tyson, I was thinking of Jordon Peterson. I have a huge amount of respect for Jordon, but when he talks about our "over-reaction" to climate change - it's just embarrassing.

  • @leonardonetagamer

    @leonardonetagamer

    Жыл бұрын

    Like, liking rap

  • @StumpRemovalNearMe
    @StumpRemovalNearMe Жыл бұрын

    Another Good vid brother. Confirmation biases...the biggest hindrance to development and growth in society and business.

  • @brockwilson4108
    @brockwilson4108 Жыл бұрын

    This video is incredibly insightful - maybe because it has a lot of psych focus - regardless, this is one of my favorite videos from you! Keep up the good work!

  • @thejimo
    @thejimo Жыл бұрын

    For those who don't understand the bit with transcendental numbers, they are by definition numbers that can't be a solution of a polynomial with rational coefficients. Therefore transcendantal numbers are always irrational because any rational number r is the solution of polynomial x-r. Consequently, there can't be more transcendantal numbers than irrational numbers since transcendantal numbers are included in irrational numbers.

  • @t-bone9239

    @t-bone9239

    Жыл бұрын

    I am gonna pretend like I understood everything

  • @hawaiiansoulrebel

    @hawaiiansoulrebel

    8 ай бұрын

    Now I’m even more confused 😂

  • @pkhaloobonaccio9883

    @pkhaloobonaccio9883

    4 ай бұрын

    transcendal numbers are part of irrational numbers . Therefore we cannot have more transcendal than irrational numbers ( because transcendal forms a sub group) Try to picture a venn diagram inside circle A (irrational ) there exist B (transcendal),. Irrational numbers will have B plus any other numbers that will add up to A

  • @gulli72
    @gulli72 Жыл бұрын

    Call me a conspiracy theorist, but when someone tries to talk tens of millions of people into buying a product, my gut says he owns that product.

  • @EngelSpiel

    @EngelSpiel

    Жыл бұрын

    Either that, or they're getting paid to sell it.

  • @frostman9661
    @frostman9661 Жыл бұрын

    Love your grounded rational psychoanalysis of this stuff! Nailing it!

  • @dextermorgan2482
    @dextermorgan2482 Жыл бұрын

    Bro!!! You are amazing. thanks for all your content it is really mind opening and you are one the least content creators who say the real facts. Thank you for beating why are. Thank you 😌

  • @fistofthenorthstar3155
    @fistofthenorthstar3155 Жыл бұрын

    When people ask me how to do I have such a wonderful life, I always reply, "Circumstances." I work and live in Norway. I think that the average annual income here is around 55.000 dollars. My wife and I have like 350.000 dollars (before tax). House that now costs 2.5 million, an apartment that we are renting. House in Marbella, Spain, that is on Airbnb when we are not visiting. Two big apartments in our home country that we are also renting. Two mounting cabins are on Airbnb, and one house is next to the Adriatic sea where my father lives, but we are renting one unit there during the season. We have six million dollars in real estate and no loans or debts. But, there is a HUGE BUT. We inherited all of our real estates. 🤣 My wife and I didn't have any siblings. My parents, mother, and father didn't have siblings, and my grandfather's brother didn't have kids. Grandparents died, unforchenatly and my mother. Then my father gave up on his part to inference on my behavior. He transferred all assets to me because he fell into depression, and I'm his only child. I inherited two apartments, two cabins, house next to the Adriatic sea. My wife inherited one apartment, a village house, and a cabin. We have sold one apartment, cabin, and village house. We moved to Norway and brought an apartment with a 5-year loan because we had a good amount of equity. After six years, prices in that neighborhood skyrocketed, and we sold that apartment for eight times of amount we initially brought it. We took another apartment and a house with only five years loan. Now, after seven years, we are debt free and have all those assets. We both work as architects for one big company, and we have a private architectural studio. We are not ultra-mega-rich people, nor are we more intelligent than any of the people I know. (Sometimes I feel like a real dumbass) But we have decent lives. And people are confused when I say it all came to us by "Circumstances," but it is the truth. We could be just two regular architects, earning 70.000 (before tax) a year and having some apartment with 20-30 years loan, like most of our friends, are. But circumstances were different; starting positions. PS. I do not consider my mother's death, my wife's parents' death, and my father's condition as lucky. It is better to say Circumstances. PS.PS. We were bying some objects that required a complete renovation, and since we are architects, we did almost all the jobs ourselves. That increased the value a lot.

  • @robertbeisert3315

    @robertbeisert3315

    Жыл бұрын

    I go with, "God has blessed me," myself, but principle's similar

  • @RT-or6it

    @RT-or6it

    Жыл бұрын

    Rare to see so much honesty on KZread, thank you.

  • @Audreylalaland

    @Audreylalaland

    Жыл бұрын

    Lucky bastard 😂❤

  • @robertbeisert3315

    @robertbeisert3315

    Жыл бұрын

    @@ambientparallax2984 He causes the rain to fall on the righteous and the unrighteous. He gives and he takes away. It does not do to be ungrateful for the gifts you do receive, just because another received more.

  • @ronblack7870

    @ronblack7870

    Жыл бұрын

    i just can't get used to using a period instead of a comma. 55,000 dollars

  • @novamaster0
    @novamaster0 Жыл бұрын

    I have love how "The Plain Bagel" and "How Money Works" are building up their own Financial Expanded Universe

  • @baxoutthebox5682

    @baxoutthebox5682

    Жыл бұрын

    Don’t leave Patrick the GOAT out of this

  • @ShamileII
    @ShamileII9 ай бұрын

    This is a really good video. I see so many of these online "gurus" and think....they're just "selling" the views.

  • @KA1SZN
    @KA1SZN7 ай бұрын

    Everyone should watch this... We live in a crazy world. Great video!

  • @eur6430
    @eur6430 Жыл бұрын

    Using a quote from Pederson at the start critizicing this, while he is a prime example of talking about lots and lots of stuff he has no real clue about is peak comedy.

  • @2bfrank657

    @2bfrank657

    Жыл бұрын

    Yeah, his recent complaints about those who are trying to mitigate climate change are really off-putting. I'm no climate change expert, but it's clear to me that he has no clue what he's talking about in that regard.

  • @costafilh0
    @costafilh011 ай бұрын

    This is the most realistic video on the matter I have ever seen. People think luck is doing nothing and strike gold. Luck is doing a lot and still only striking gold by luck! And this happens way more than striking gold because of the hard work and personal individual capacity!

  • @siddharthjoshi6811
    @siddharthjoshi6811 Жыл бұрын

    Thank you for the video my mate. It's really interesting and helpful, specially for youngsters.

  • @dextermorgan2482
    @dextermorgan2482 Жыл бұрын

    Aperture you sir! for bringing the facts 😊

  • @jeffreycrowe6669
    @jeffreycrowe6669 Жыл бұрын

    Appreciate you shouting out Patrick Boyle. He’s great

  • @CMVBrielman
    @CMVBrielman Жыл бұрын

    Ok, now make a version of this for people who don’t think exactly like I do. Cuz this whole thing was playing perfectly into my worldview.

  • @OCinneide

    @OCinneide

    Жыл бұрын

    Hey idiot, the government and mass media are conspiring to take your hard earned cash! They're spreading fake news to get you to buy into their shill media products. (It goes like that)

  • @ivanjorromedina4010
    @ivanjorromedina40103 ай бұрын

    2:23 I can't believe he said that, it is the other way around, every transcendental number is irrational, but not the other way around. Some of them are algebraic, like √2. The definition of an algebraic number is being a zero of a rational (or integer) coefficient polynomial ( the above example is a zero of x^2 - 2) . The transcendental numbers are those real (or complex) numbers that are not algebraic. It is relatively easy to see that every rational number is algebraic, and as I said there are some irrational numbers which are are algebraic too, but π for example is not algebraic. As the video suggest, some physicists should stay better with physics. Edit: I forgot to mention that if the continuum hypothesis is true then there is the same number of transcendental numbers than irrational numbers (although the former is contained in the latter as I mentioned above). So double fail for this physicist. And also I am sorry if someone already said this, it is probably the case as this is kind of basic undergraduate maths. I didn't read all the comments. Finally excuse me if there is some gramatical mistake, english is my third language.

  • @use-hustlelucre
    @use-hustlelucre Жыл бұрын

    This video is real acknowledged & understood Jewel ………. Much much much respect to the creators of it

  • @10pmmemes88
    @10pmmemes88 Жыл бұрын

    "here's why you need to be more skeptical about authority figures" "Also here's a course you should take, recommended by me, an authority figure in finances"

  • @jimj2683

    @jimj2683

    Жыл бұрын

    😂 the irony. This channel is just another fake guru

  • @IRdatank

    @IRdatank

    Жыл бұрын

    Good point. Though, let's be fair here. He did not paint any expectation that his own statements do not apply to himself as well

  • @devilex121

    @devilex121

    Жыл бұрын

    How do you so sorely miss the point? He's basically just saying use your critical thinking and don't stop using it even when hearing advice from a "smart person".

  • @canesugar911

    @canesugar911

    Жыл бұрын

    Brilliant is not a course buta platform on which people can buy and sell courses. Whatever it is you think you did, you didn't do it.

  • @Dxeus
    @Dxeus Жыл бұрын

    The only scam I ever fall for was to switch to AT&T cell phone and I m regretting it every day.

  • @Soren_Kierkegaard

    @Soren_Kierkegaard

    Жыл бұрын

    I am surprised you were even able to watch this video

  • @robertbeisert3315

    @robertbeisert3315

    Жыл бұрын

    Get out, now. I wound up paying for services I never ordered, and the only way I got them off my bill was to change providers.

  • @electri2024
    @electri2024 Жыл бұрын

    Yeah I am a physician and whenever I tell people this, they ask me questions about stuff completely unrelated to medicine like government policies, and want my opinion on them as if I am any more qualified than them to answer it.

  • @SmileydeadJ
    @SmileydeadJ Жыл бұрын

    Amazing episode I knew this a while back, same reason people become fans of even the most toxic people.

  • @HTV-2_Hypersonic_Glide_Vehicle
    @HTV-2_Hypersonic_Glide_Vehicle Жыл бұрын

    I predict that the survivorship bias will be strong with this video.

  • @alexanderfeng5180
    @alexanderfeng5180 Жыл бұрын

    KZread: How many people do you want to call out? How Money Works: Yes

  • @56TheAnimal
    @56TheAnimal Жыл бұрын

    Man I love that you had a Patrick Boyle clip. He’s always pumping good videos.

  • @elton8135
    @elton8135 Жыл бұрын

    i usually watch videos whenever, even from my favorite youtubers, but it's the second time i see myselft watching one of your videos within the first hour, so that says something i guess nice video

  • @professionalgiraffe7181
    @professionalgiraffe7181 Жыл бұрын

    Patrick Boyle told me to leave a mean comment on one of your videos cause you recommended some bad music to them and you just so happened to post a video at the same time i was watching the video so here it is: 'your music tastes are trash'

  • @HowMoneyWorks

    @HowMoneyWorks

    Жыл бұрын

    Patrick’s music taste is trash. I’m making a dis track

  • @neildutoit5177
    @neildutoit5177 Жыл бұрын

    I strongly disagree with the first point for the following reasons: 1) Accountability. This is the biggest one by far. The more that you insist that people stay in their lane, and the more narrow those lanes become, the smaller the pool of people becomes who are "allowed" to criticize any given academic's work. This allows bullsh*t to survive far longer, leads to major difficulties in obtaining independent replication/verification and peer review (since everyone in that lane is probably part of a small group of close-nit researchers/friends), and allows theories to only ever be questioned by people who think and believe the same things as the person who proposed the theory. 2) Duplication of effort. It is very often the case that problems in different fields require solutions to the same types of problems, just in different contexts. You don't want each of those fields to independently tackle those problems. An amazing example of this going wrong was when a medical doctor published a paper a few years ago on "a new method for estimating drug administration quantities" or something to that effect which, when it was looked at by someone with a BSc, was quickly found to be nothing more than a re-discovery of the centuries old and very well known trapezium method of integration estimation. Thank goodness that people other than medical experts were "allowed" to "stray from their lane" and point this out. 3) Better understanding. I can tell you now that when I studied philosophy, I often found concepts explained there that were analogous to some other concept I had learned in electrical engineering. No jokes. I forget who said this quote but it's 100% true IMO: "He who understands only chemistry does not understand chemistry". 4) Changing areas of progression in a subject. Take the study of the mind for example. 100 years ago we did not have the tools to study the mind from a computational perspective. The best way to study the mind was using the traditional tools of psychology. However, we now do have these computational tools. As a result, people like the artificial intelligence expert Joscha Bach are making inroads into questions such as the role of emotion in cognition with powerful results that would never be possible within the domain of psychology because psychologists simply do not have the tools to do this. Data science is another example of an area that can make progress in other disciplines in areas where they have been stuck. Like Mythological studies, for example, which would previously have been seen as a purely humanities discipline. But nowdays they are able to tackle problems such as finding the origin of myths and their dispersal patterns by apply sophisticated AI natural language processing techniques. 5) Different perspectives. This one is obvious. 6) Because even when these people who are "straying from their lanes" are wrong, they are more often than not wrong for a very different reason that the reasons that the people within that lane are wrong. And the process of having to figure out why these people are wrong can very often lead to new insights. 7) Because the whole idea of subjects being independent is a fiction of commercialized knowledge production in the first place. If you were to suggest to the ancients that philosophy and physics were different subjects they'd think you're mad. And I would tend to agree. Physicists go completely astray very often due to basic errors of philosophical reasoning. And philosophers, for the same reason. 8) Because the narcissism argument cuts both ways. Assuming that noone but you and people who have studied the exact thing that you have could possibly know anything about it is highly presumptuous. There are a large number of historical examples of absolutely game changing discoveries being made in fields by people who weren't experts in them. So what about idiots like Neil de grasse Tyson? Well, simple, he's an idiot. The problem is not that he's talking outside his lane. The problem is that he's wrong. And that's how we should treat people who speak on subjects they're not experts in. Listen carefully but skeptically, make sure we really understand exactly what they're saying, decide whether they're wrong or not, and react appropriately. Do not dismiss people's ideas on principle. Ever.

  • @littlebrothermoneywithmich6178

    @littlebrothermoneywithmich6178

    Жыл бұрын

    Wow. This was better than the video ❤

  • @ginjarh9070

    @ginjarh9070

    Жыл бұрын

    Facts

  • @Brian_S_O_Tuireann

    @Brian_S_O_Tuireann

    Жыл бұрын

    Every point you made is correct, but in the context of the academic field. Advantages of collaboration with multidisciplinary teams are already a common practice, and so is the practice of diligently questioning hypothesis’, logic, and conclusions in team meetings between scientists and thesis defenses’ (which don’t require the questioner to know more about the field than the one making the presentation, since a thesis is an area that should be completely new). The video however was about fallacies and biases in terms of experts speaking with the general public and how the average person isn’t taught these best academic practices.

  • @Robin-ou1gg
    @Robin-ou1gg Жыл бұрын

    great video, highly appreciated

  • @tim..indeed
    @tim..indeed Жыл бұрын

    Would be nice to have an overview of the movie clips you use. I think many of those movies would be very interesting for us to watch.

  • @Igor_lvanov
    @Igor_lvanov Жыл бұрын

    It took me several years to realize that great psychologist Jordan Peterson might be an equally bad political figure Jordan Peterson

  • @gazebo9730

    @gazebo9730

    17 күн бұрын

    Haha me too man. What a shame

  • @portalomus
    @portalomus Жыл бұрын

    Thank you so much for the first point of your video regarding expertise. Also, just because someone is intelligent doesn't mean that they will make good decisions or have sound reasoning even within their area of expertise. Also, maybe the cutting edge of a field is still problematic. Think of medicine, anthropology, or psychology in the early 20th century.

  • @MzCelticsChik9
    @MzCelticsChik9 Жыл бұрын

    Love your channel! A slight issue I have. Eventually every sentence you say begins and ends with the same cadence. It becomes grating after extended listening. Maybe you could try speaking more casually as if we were in the same room. More conversational. I love the content!

  • @majorpaindiaz

    @majorpaindiaz

    7 ай бұрын

    This is a great observation and I feel the same.

  • @ARandomDonut
    @ARandomDonut2 ай бұрын

    "well... they could always be wrong" is the first thing I think whenever someone tells me something second guessing everything may slow you down a little, but you'll be confident in your answers once you have them

  • @NixonAngelo
    @NixonAngelo Жыл бұрын

    My FIL won awards for his studies in all of russia in nuclear physics/ microwave radiation, and does theoretical math as a hobby but he can't remember how to use the oven . He's been trying to work on a forumla to prove numbers can't be random for the past 30 years.

  • @behindtherack9056

    @behindtherack9056

    Жыл бұрын

    Bro he's going to be still working on that formula in his 2nd and 3rd life

  • @NixonAngelo

    @NixonAngelo

    Жыл бұрын

    @@behindtherack9056 seriously you're right 😅

  • @robertbeisert3315

    @robertbeisert3315

    Жыл бұрын

    The challenge with randomness is that we cannot know if it is random. It is possible for randomness to produce a pattern, and it is possible for a pattern to repeat only after long, long observation. Computers and brains cannot produce randomness, because as far as we can tell they are both deterministic machines and thus follow rules. But to prove it with math...

  • @karlstrauss2330
    @karlstrauss2330 Жыл бұрын

    One of the better videos How Money Works has produced.

  • @BangMaster96
    @BangMaster96 Жыл бұрын

    You should really read and talk about the book "Intellectuals and Society by Thomas Sowell". It's an amazing isights into the shortcomings and problems of Intellectuals and Academia and how they mis-shape our Society.

  • @joonhou91
    @joonhou91 Жыл бұрын

    Always enjoyed your content

  • @mate53
    @mate53 Жыл бұрын

    The quote from the opening scene of The Big Short would have been a good opening scene for this video. "It's not what we don't know that gets us in trouble; it's what was we know for sure that just isn't so." Although I've gone through many stupid moments in my life, I've grown to see that in almost every case I really thought I was smarter than I really am. I'm sure that's the case for most people in their 20s. This especially rings true for investing and novel business ideas. Sometimes you just have to admit it - stop thinking you're onto something and just do what works, even if what works is boring. But I'll never tell someone to not go for their dreams. Sh*t, someone has to! lol See you on mars!

  • @robertbeisert3315

    @robertbeisert3315

    Жыл бұрын

    I think Reagan said that, too.

  • @mate53

    @mate53

    Жыл бұрын

    @@robertbeisert3315 He might have. I think in the movie it was attributed to Mark Twain or something. But I couldn't find much of anything showing that he actually said it.

  • @bobsinhav
    @bobsinhav Жыл бұрын

    Smart people need to sometimes respond by saying "this is outside my field of expertise"

  • @robertbeisert3315

    @robertbeisert3315

    Жыл бұрын

    I go with, "I'm just spitballing, here, but..." Still often the only answer in the room, and sometimes it even works.

  • @rahulisgreat4911
    @rahulisgreat49116 ай бұрын

    Great video

  • @themoodyteam
    @themoodyteam Жыл бұрын

    Thanks for the warning!

  • @themoodyteam

    @themoodyteam

    Жыл бұрын

    @@whatsappme121 I DON’T THINK SO!

  • @ParisAlxandr
    @ParisAlxandr Жыл бұрын

    Thomas Sowell talks a lot about this type of thing in his book Intellectuals and Society. Such a good read.

  • @devilex121

    @devilex121

    Жыл бұрын

    Which is so unfortunately ironic cos he keeps commenting on stuff well outside of his field especially over the past decade. People still lap it up cos he's a "smart person".

  • @ParisAlxandr

    @ParisAlxandr

    Жыл бұрын

    @@devilex121 Stuff outside his field such as what?

  • @majorpaindiaz

    @majorpaindiaz

    7 ай бұрын

    Sowell is way worse than any of the folks in the video!

  • @majorpaindiaz

    @majorpaindiaz

    7 ай бұрын

    Do the work dip-sheit it is true! @@ParisAlxandr

  • @weird-guy
    @weird-guy Жыл бұрын

    The problem is when you say something about it,people say we are jealous or poor.

  • @EngelSpiel

    @EngelSpiel

    Жыл бұрын

    I think that's just projecting on their part. Denial, perhaps.

  • @khauhelophatela623
    @khauhelophatela623 Жыл бұрын

    This channel is best thing I have ever found on the web

  • @jamesstone5043
    @jamesstone5043 Жыл бұрын

    Genuinely refreshing to find content like this

  • @mr.ambientsounds1291
    @mr.ambientsounds1291 Жыл бұрын

    I think the school system encourages this mindset. Students are encouraged to be "the best" (which is often narrowly defined) and rewarded for doing so. Students who are often at the top gain an opinion that they're _always_ the smartest and this is continuously reinforced. But maybe we should put less emphasis on academic smarts and more on actual life and people skills. Like are you the best in listening to the opinions of others, in generosity, in losing graciously, in not comparing yourself ...etc.

  • @annoyingkraken

    @annoyingkraken

    8 ай бұрын

    Ah, yes. That is the dream: to cater to real needs. To build knowledge, develop skills, and hone characters that will produce the best quality humans we can. That is the dream. I've been a teacher for a few years, and I tried to implement that very personalized individualized approach for a bit. It's just too much work. Too much. And it's too much because when you try implementing that idealistic and holistic approach, that's all on top of the work you have to comply with the requirements of the Department of Education (Ministry, Department, whichever). And if you truly care for the students, which ideally you should, you will do all this extra unpaid work. And then more complexities creep in. Some students live in abject poverty, some engage in none age-appropriate behavior, some are abused... It's emotionally taxing too. And what's worse, you all do that... For what compensation? A few of my past students really miss me and ask me to continue teaching, and sometimes I get really tempted to do it for them. But goodness gracious was I miserable with all that work. I hear you @mr.ambientsounds1291 , I hear your desire to 'make it better' for students. And in principle, I agree. But to be honest, I also find it difficult to avoid hearing the nagging in such words. "This is how teachers should do it! They're doing it all wrong. Can't believe teachers are spewing academic nonsense." That's what I often hear. But that's most probably my problem stemming from my own experience, it's not your fault. :)

  • @quasinfinity
    @quasinfinity Жыл бұрын

    Great video, but, Mars Junction? How could you? Monster.

  • @oblivion_2852
    @oblivion_2852 Жыл бұрын

    Ay! Love that you kept Patrick Boyles banner in the vid. Good shoutout.

  • @DJRenee
    @DJRenee7 ай бұрын

    0:49 yep

  • @studiouswadoo5027
    @studiouswadoo5027 Жыл бұрын

    This video is basically the premise of Thomas Sowell's "Intellectuals and Society". A valid critique of these academics who presume because they have expertise in one domain, it can thus broadly transition into other domains.

  • @afrosamurai125

    @afrosamurai125

    Жыл бұрын

    Quoting Thomas Sowell on this video is ironic lol

  • @manyseas1219

    @manyseas1219

    Жыл бұрын

    @@afrosamurai125 lol yaeh

  • @ambeshpratik8032

    @ambeshpratik8032

    Жыл бұрын

    Watch the entire video. The video literally negate Sowell’s fundamental point that rich people got richer because of their merit and not because of their fortune.

  • @arkadandfortuna1582
    @arkadandfortuna1582 Жыл бұрын

    Great post! Part of the reason why NDT (Neil DeGrasse Tyson) is at his level in popularity is because of his personality and ability to explain science/astrophysics to the average person In laymen’s terms with examples. He can also explain to the average person the relationship of science vs politics and how they worked hand in hand in history Most scientists/experts at his level are, let’s face it, r boring and/or un-relatable or don’t have that skill which in media is very valuable.

  • @Laotzu.Goldbug

    @Laotzu.Goldbug

    Жыл бұрын

    It's also because he is heavily astroturfed by the media information establishment for various reasons (I mean he was groomed as the Orthodox Science Communicator since the days of Sagan). I have never come across a candid accounting of anyone who has actually met him in real life who has not described him as completely insufferable.

  • @edgregory1

    @edgregory1

    Жыл бұрын

    A clown.

  • @Sami89631
    @Sami89631 Жыл бұрын

    One of your best videos so far

  • @jagjeevankashid
    @jagjeevankashid Жыл бұрын

    I can agree many thinks with you but we can't remember this all things everyday I think I need to watch it every day so that I can make my own decisions without any others influence

  • @simonr-vp4if
    @simonr-vp4if Жыл бұрын

    How ironic to start the video with a clip of Jordan Peterson: the man who will not, for the love of all that is good, stay in his lane. A renowned clinical psychologist, prolific educator, and brilliant orator? Absolutely. An expert on climate change, politics, AI, economics, or any of the thousand other things he seems to like to rant authoritatively about nowadays ? Decidedly not.

  • @ideafood4U

    @ideafood4U

    Жыл бұрын

    Totally agree. He's become a bit of a dandy too. Fame, fortune and trauma don't always mix well. I miss watching his classroom lectures before he became famous.

  • @mrmacross
    @mrmacross Жыл бұрын

    My good friend is an orthopedic surgeon. He pointed out a lot of his peers are convinced they can put together great investment portfolios because they're "smart" (which most people would agree with) and they can solve investing better than these "less smart" guys.

  • @KeithAdam
    @KeithAdam Жыл бұрын

    Excellent video.

  • @RM-el3gw
    @RM-el3gw Жыл бұрын

    great vid, keep it up

  • @abrvalg321
    @abrvalg321 Жыл бұрын

    Bill Gates can give a very good advice on how to code in Basic but a very bad one on medicine.

  • @bloodwynn
    @bloodwynn Жыл бұрын

    I actually think that Elon Musk is an expert in three things: 1) Marketing 2) Crashing companies 3) Being a con artist

  • @ronblack7870

    @ronblack7870

    Жыл бұрын

    no he has great skill. twitter is not an example of that. without his efforts the electric car industry would not exist. it would be a failure . no car company wanted to do it. this is a fact . people who say it would have happened anyway are plain wrong. he also created the most innovative rocket company since the 70's. his rockets are still the only ones that land back on earth. the starlink system is also revolutionary. his vision to populate mars however is stupid.

  • @bloodwynn

    @bloodwynn

    Жыл бұрын

    @@ronblack7870 he CREATED Rocket company? When?

  • @SusCalvin

    @SusCalvin

    7 ай бұрын

    @@ronblack7870 I think he's not the only one. A lot of what Steve Jobs did was to go around hyping up Steve Jobs and Apple. You could put Steve Jobs in front of a room and he'd sound better than a random engineer.

  • @doricashu4984
    @doricashu4984 Жыл бұрын

    I freaking love your channel

  • @petercliffe714
    @petercliffe714 Жыл бұрын

    That was a hell of an opening sentence. Bravo!

  • @nonyadamnbusiness9887
    @nonyadamnbusiness9887 Жыл бұрын

    "People make bad decisions when they get emotional"-Patrick Boyle. This is true, so these days only bad decisions are being made.

  • @TheOriginalJAX
    @TheOriginalJAX Жыл бұрын

    Being knowledgeable does not make you smart, It just means you have recited a lot of information and committed it to memory. Applied understanding of information is the true measure of intelligence. Which means if you have a degree it does not mean you pass the "smart Person" test, This is a misguided presumption that most people make. These days there are more Academics, CEO's, Industry Specialists etc just spouting ideological nonsense more than anything else and when you look at how they spend their time you realise why as they are being institutionally indoctrinated at the education level. This is also a way of screening people out who do not agree the new doctrine from becoming higher achievers. We don't have a smart people problem, We have a ideological bias and institutional bias problem that has manifested itself partly as a lack of intellectual humility which is a symptom of that, Using Neil deGrasse is exemplary of just this. Intellectually arrogant and Institutionally indoctrinated (He toed the line over the last couple of years and hard) Problem with Higher education is it's not turning out people even of Neil's calibre anymore, We have serious Brain Drain problems right now and it is attributed to the abandonment of merit in academia, correctly too. Ironically studies in the last few years demonstrate this conclusively as there has been enough of them with sufficient sample size's, Whether anybody listens to what they are being told or not remains to be seen but if the trends are anything to go by. We may as well kiss our backsides good bye cause it's all downhill from her most likely.

  • @MJB4646
    @MJB46468 ай бұрын

    The idea of “find and stick to your weird thing” that brings you the most success seems wiser than trying to copy someone else