Some people are educated. Some are smart. Some are both.
Some educated people are blockheads. Some uneducated people are geniuses.
Put the sophisticated, smart fund manager in the role of a chief financial officer of a company, and see who the intelligent one is – him or the relatively ‘less educated’ CFO who has been managing the ‘real’ business challenges for years.
Some people understand the theory of everything but can’t deal with the reality of anything.
Like an arm-chair financial analyst would continuously blame an automobile company for not managing its cost well, but does not understand a bit what problems that company faces in dealing with its vendors.
So you have some people who are academically capable but practically incompetent!
Some can explain quantum physics with ease but don’t know when a child needs a hug. High on IQ, but low on EQ.
Some understand brilliantly how humans behave without ever seeing a psychology book.
Some can be great businessmen without attending a business school.
Convention tells us that a person’s intelligence can be determined by his educational background.
But at most times, convention is nonsense.
You need no education to be intelligent.
You need no financial education to be an intelligent investor.
If financial education was what was required to make money from investing, the “experts” would’ve become rich by investing their own money and not selling worthless advice to gullible small investors.
So, to repeat, you need no financial education to be an intelligent investor.
You need intelligence to be an intelligent investor.
And you already have the intelligence.