Warren Buffett says: You got more IQ than needed

by Ashvini on April 14, 2011 · 5 comments

in Entrepreneurship

Recently Warren Buffett commented to a group of youngsters that to become a great investors they need to lower their IQ by atleast  thirty points.

The interviewer then informed Mr. Buffett that most of  the youngsters that the IQ of the audience was above 160. Warren in his typical style said that it is at least thirty more than required.

Is genius a waste ?  What about the society that worship GMAT , GRE scores? How many of the people who have received very high grades have actually been able to set up businesses of their own? Why college dropouts set up better businesses than those stuyding in excellect colleges.

To become a product developer you need intelligence and IQ and sometimes exceptional abilities.

But to become an entrepreneur you need emotional intelligence( and some IQ as well) . Emotional intelligence is about not getting drowned in deluge of pressure and difficulties. It is about holding when things are not going your way.

So a high IQ person will be good at research department while a high EQ person would be good at managing situations. The best part is that EQ can be learned with practice and patience .

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Veronica Cervera October 31, 2011 at 6:44 am

It’s all about common sense. Knowing how the world works does not really require a high IQ. One will really just have to use their common sense. People tend to over-complicate things. We tend to believe that when things are complicated, it must be good.

Nicola Deiana April 16, 2011 at 5:32 am

I think I have a good EQ ;)) because I noticed I’m good at managing hard situations. I’m patient and this helped me overcome many problem on my blogging journey. Remember the day when a virus hit all my wordpress files and thanks my EQ I managed the situation quietly. ;)

Ashvini Kumar Saxena April 20, 2011 at 11:29 am

To run your own business you need higher of EQ and lesser of IQ. In India many MBAs are seen working for mostly badly educated owners. I am not recommending that one should leave the education but that one should also work on developing EQ

Aswani April 15, 2011 at 12:18 pm

Very interesting observation. Yes…I also agree to what you have said. EQ should be higher than IQ. I think I am having quite better EQ…Should I also think about entrepreneurship ;)

Ashvini Kumar Saxena April 15, 2011 at 12:28 pm

Having IQ is not a disadvantage just that having EQ is more suitable in some cases

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