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(Abc.net.au) Obvious Study of 160,000 people reveals shocking discovery: Smart people invest more intelligently in the stock market   (abc.net.au) divider line 10
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706 clicks; posted to Business » on 20 Jan 2012 at 6:02 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



10 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
SnakeLee [TotalFark]
2012-01-20 03:27:23 AM
"It could be very possible that maybe people with high IQ scores happen to have better access to information, to even private information, and that could well explain where the difference is coming from."

img.anongallery.org
 
Yukon Callmeal
2012-01-20 07:48:08 AM
They call these people "Republicans".
 
Splish [TotalFark]
2012-01-20 08:02:27 AM
This study seems flawed. Smart people invest in the stock market because it makes them feel smart, but everyone knows that the best investments are Hummel figurines and commemorative plates.
 
Fizpez
2012-01-20 08:28:44 AM
So it takes a higher level of intelligence to invest in a stock that has gained steadily for decades and pays dividends?

If you can't figure that out I would assume that putting your pants on correctly in the morning must present a serious challenge.
 
7of7 [TotalFark]
2012-01-20 08:44:25 AM
There have been numerous studies showing there's no long term difference in outcome between investing "intelligently" and investing at random. I'd be interested to see whether this study gets around that fact using circular definitions of smart and good investor.
 
Teenwolf
2012-01-20 10:02:47 AM
FTA: "Of course IQ scores correlate with many other things, such as education, income and wealth and unemployment ... when we control for all factors the difference in participation rate between the people who scored the highest and the ones who scored the lowest is still 20.5 per cent."

I would be very interested in whether that difference is 20.5 percent or 20.5 percentage points.
 
wutchamacallem
2012-01-20 12:11:14 PM
Splish: This study seems flawed. Smart people invest in the stock market because it makes them feel smart, but everyone knows that the best investments are Hummel figurines and commemorative plates.

and credit unions.
 
MrEricSir
2012-01-20 02:34:19 PM
Smart people don't "invest" in a slot machine.
 
StokeyBob
2012-01-20 03:47:36 PM
And even smarter people still are able to take them all to the cleaners.

One smart thing of all they pull off is their ability to print up what ever amount of money they want to get their way. When they say double the money supply, it then takes twice as much to buy the same amount of something, like a stock. Then they are able to pull off the capital gains tax scam on people that have really only broke even. That could in effect be cutting themselves in for 33% of all your stuff.



photos.imageevent.comClick to embiggen



photos.imageevent.comClick to embiggen
 
W6XRL4
2012-01-20 06:03:22 PM
Splish: This study seems flawed. Smart people invest in the stock market because it makes them feel smart, but everyone knows that the best investments are Hummel figurines and commemorative plates.

I know some people -- I swear, I'm not making it up -- that say they have some "special" Beanie Babies that are worth over $3,000 each, and they have a Beanie Baby collector magazine to prove it. They know a guy that will give them cash on the spot for them. When I tell them that they ought to sell them if the guy is serious, they look at me like it's the stupidest thing they've ever heard in their life.
 
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