If you’re so dumb, why aren’t you rich?

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From an interview with Chicago broker/trader Jay Norris, on the currency-trading blog Piptopia:

I always remembered Bill Williams -– Author of Trading Chaos — my first mentor’s answer when asked what sort of people are best to train as traders. Without hesitation, he said “Give me someone w/ the equivalent of a high school education and the IQ of a warm room.”

Now I assume he’s talking Fahrenheit, not Celsius. But still, what perversely reassuring news for the hundreds of millions of us who aren’t wildly successful traders.

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