Update 1 —

November 3, 2011 § Leave a comment

Merrill – blessim! – sent this reminder pertinent to leaders in or of knowledge economies:—

The presumption that people with ties to industry have greater expertise was best summed up during Tevye’s song in Fiddler on the Roof, “If I Were A Rich Man”:

The most important men in town would come to fawn on me!
They would ask me to advise them,
Like a Solomon the Wise.
“If you please, Reb Tevye…”
“Pardon me, Reb Tevye…”
Posing problems that would cross a rabbi’s eyes!

And it won’t make one bit of difference if I answer right or wrong.
When you’re rich, they think you really know!

I tried this out the other day.. attempting explain simply what financial derivatives were to a guy. No way could or would the fellow take in any departure from his own ‘take’ on things. What mattered was how rich these traders had gotten. That he could understand, he said. Over and over.

Knowledge was about wealth, personal wealth, personal wealth made him free. From himself, I guess. Hence the famed parting of wealth from fools..

My way of saying how the challenge is to make ‘wealth’ relative and pertinently so in all our lives..

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