Q: Curt: –“Excuse me if you’ve already expounded upon this, but what are your thoughts on Taleb’s (at nntaleb) argument?”–Joe Waldmann @J58039716
I’ve written about this subject, made a video about it, argued with Taleb about it and been blocked by him on every platform because of it. So yeah… I’ve expounded on it. 😉
Roughly the following, with links below:
He’s playing the same sophistry he did when talking about the stock market. He’s trying to cover for people with lower ethics. He’s doing that for ‘his own ethnic defense’ reasons. (The character Fat Tony is not moral. Neither is Taleb. They can only make money acting amorally (immorally) in high trust cultures where the majority of the population acts morally. (same reason the west is always vulnerable to semitic deceptions.) Ergo, that’s why they are in NY in the most immoral demographic, of the most moral country, capable of the most capital formation, and not in the middle east where their ethics are ‘ordinary’ but capital formation is impossible because of it.
As for the graph? He tries to illustrate the RETURNS on intelligence for the individual not the distribution of intelligence for the polity. See? Individualism, tribalism, instead of european ‘commons-ism’.
Basics:
(a) conscientiousness is more important than intelligence for wealth accumulation regardless of where you are on the IQ Spectrum
(b) intelligence grants access to a continuous stream of novelty at increasing scales of complexity – the primary benefit appears to be error reduction, risk mitigation, and not necessarily innovation and creativity.
(c) Intelligence can only be used advantageously for personal income with the population under the curve within x% of your ability. (this might take some explaining but once you get it, it’s obvious).
(d) the higher one’s intelligence the harder it is to produce marginal difference with one’s peers – even with conscientiousness and extraordinary work capacity.
(e) Intelligent people already have intelligence capital and are less dependent upon wealth accumulation.
(f) Ergo decreasing marginal returns on intelligence because of decreasing incentives combined with decreasing market of consumers for ideas accessible to using your knowledge. This is why ideas roll downhill through populations so to speak: advantages must be translated for use by each class that is capalbe of declining comprehension in time, and declining opportunity for its DIRECT application, while increasing utility of INDIRECT non-imposition.
(I could go on with this list but you get the idea.)
Video And Script:
https://t.co/8VrdgNqMez
Response to @jollyheretic:
Great show today. Three related arguments for your rhetorical arsenal:
1 – Intelligence in evolutionary context
https://t.co/GfF2Ud0IKj
2 – Incentives behind Taleb’s IQ denial
https://t.co/vmMg9dxtk5
3 – Taleb’s Campaign of Immorality
https://t.co/vcWE6m1gi7
MORE:
Comments on Weinstein Brothers and Taleb
https://t.co/rIi5cb9rft
To Nassim Taleb re: A Decline in Violence is Not a Decline in Predation – But A Shift.
https://t.co/2ExVpMsXla
All The Thinkers Have Discovered the Problem of 20th C. Thought By Discovering the Limits of Mathematics in Present Form
https://t.co/iNu5GW6RW9
There are more, but that’s enough I think.
Cheers
-CD
Reply addressees: @J58039716