It is a very common error of thinking, especially in people obsessed with what Douglas Adams called "the movements of small green pieces of paper", to think that people with lots of money are very smart.
This is mediaeval superstitious thinking: "he is better off than me, therefore he is more fortunate. He has been given good fortune by god. He must be holier than me, and if I become more holy, I will receive god's favour too."
It is a very common error of thinking, especially in people obsessed with what Douglas Adams called "the movements of small green pieces of paper", to think that people with lots of money are very smart.
This is mediaeval superstitious thinking: "he is better off than me, therefore he is more fortunate. He has been given good fortune by god. He must be holier than me, and if I become more holy, I will receive god's favour too."
It's nonsense.
Smart people are not doing this. Rich idiots are.