Taleb's article is debunked here <a href="https://greyenlightenment.com/wealth-and-iq-part-3-continued/" rel="nofollow">https://greyenlightenment.com/wealth-and-iq-part-3-continued...</a><p><i>Studying popular subs such as /r/wallstreetbets, /r/investing, /r/personalfinance, /r/fatfire, and /r/financialindependence is useful because we have a generally homogeneous population in which everyone tends to have similar individual preferences, that being the accumulation of wealth, so we have already controlled for that important variable. To a high degree of statistical significance, regarding the aforementioned subs, members who accumulate a lot of money at an early stage in life such as through investing and or STEM, again, tend to high high IQs. Even inheriting a lot wealth at an early age is positively correlated with IQ, because of the correlation between between family wealth and IQ.</i><p>Taleb fails to account for individual preferences as it concerns the accumulation of wealth. Obv. if you compare aspiring actors to aspiring t lawyers, IQ will not be as useful versus comparing aspiring physicists. It's not so much that IQ predicts absolute outcomes, but rather relative outcomes among a homogeneous population who have similar goals/aspirations for g-loaded activities whether it's writing, publishing, stock trading, law, math, FIRE, etc.<p>Aspiring lawyers who have high IQs will have high LSAT scores and GPAs and get into competitive programs, whereas low-scoring applicants may quit or find it harder to get into good programs and make as much money. On trading and investing Reddit subs , top traders almost invariably have higher IQs than traders who lose money. An extreme example of this is Renaissance Technologies, founded and staffed by some of the smartest people in the world, and by a huge margin the most successful hedge fund ever..