Chapter 2

IQ skills: dealing with problems, tasks and money

Being a smart manager is different from being a smart intellectual. Brilliant professors rarely emerge as great managers. Conversely, many of the best entrepreneurs today are college drop outs. Bill Gates, Lawrence Ellison, Mukesh Ambani, Mark Zuckerberg and Steve Jobs have all made billions without the need for a degree.

Asking great managers what makes them great is an exercise in toadying and ingratiation which yields little more than platitudes and self-congratulation. I have tried it: it is not an exercise worth doing once, let alone repeating. For the most part they will talk about things like ‘experience’ and ‘intuition’. This is deeply unhelpful. You cannot teach intuition. ...

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