# The Problem With Really Smart People | How Money Works

Page: https://stenobird.com/podcast/how-money-works-7289568/the-problem-with-really-smart-people-how-money-works
Text version: https://stenobird.com/podcast/how-money-works-7289568/the-problem-with-really-smart-people-how-money-works.md
Podcast: [How Money Works](https://stenobird.com/podcast/how-money-works-7289568)
Published: 2026-07-11T08:09:00+00:00
Episode link: https://traffic.megaphone.fm/PODAGEN3944175137.mp3?updated=1778655948
Audio file: https://traffic.megaphone.fm/PODAGEN3944175137.mp3?updated=1778655948
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JSON: https://stenobird.com/v1/public/podcasts/how-money-works-7289568/episodes/the-problem-with-really-smart-people-how-money-works
Duration seconds: 1018

## Resource

The Problem With Really Smart People Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworks Sign up for my newsletter https://compoundeddaily.com 👈 There is a problem with really smart people that is making you dumber and poorer. Social media platforms like YouTube, Twitter, TikTok and Facebook have allowed us unrestricted access to the greatest minds in the world. It’s also let us interact with these people instead of only being able to read their curated publishing. Being able to watch hours of interviews with world renowned scientists or tweet directly with influential business people is amazing, but it creates 5 big problems and when these very smart people start talking about investing and personal finance those problems end up costing regular people lots of money. Problem number one is the issue of false authority. We now know that the average person puts a heavy weighting on the advice of smart people but even the smartest people in the world don’t know how you should invest your money. An investing strategy is a very personal thing because it needs to consider your income, objectives, risk tolerance, tax strategies and current financial position, without knowing these its impossible for even the smartest investor to give good advice. The problem for a lot of people is advice can be expensive and licensed professionals are also obligated to give people cold hard truths that they might not want to hear, such as you are never going to get rich earning $50,000 a year. People don’t want to hear this so they look to smart people who are not afraid to give advice to see what they recommend. Someone like Meet Kevin is obviously a smart guy because he has made millions of dollars investing into real estate and meme…

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## Transcript

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