IQ at the right tail is no guarantee of anything other than potential.
My point is about IQ along the left tail. More and more people with less and less ability now have access to the "enter" key on a keyboard. They tend to believe this will make them rich (a generalisation of course).
For all of us in the middle, the majority of humans, when the tail wags the dog, trouble lies ahead. It is a variant of the old taxi driver investing in shares meme.
Markets are eerily mirroring this.
MFG Price at posting:
$15.47 Sentiment: Hold Disclosure: Held
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(20min delay)