“To invest successfully over a lifetime does not require a stratospheric IQ….. “ Warren Buffett

“I have given this matter some thought. Not only does a sky-high IQ not guarantee success, but it also could pose a danger, not only to the genius’ own net worth but to the safety and wealth of others. I therefore urge the relevant regulatory bodies of the United States and Canada to incorporate an IQ test into their securities licensing exams. There would be no passing grade. But nobody would be allowed to work in the financial markets in any capacity with a score of 115 or higher. Finance is too important to be left to smart people.”- James Grant from Mr. Market Miscalculates.