- Intelligent People Are More Patient In Financial Matters; Higher IQ Also Makes More Tolerant Of Risk
Instead, intelligence, patience and risk tolerance seem to be closely interconnected -- and probably for a good reason. In order to be able to assess a risk correctly or to have a successful strategy in the long term, it is necessary to be able to recognise how things are interconnected. "Anyone who does not have this ability may be better advised to follow the principle of 'A bird in the hand is worth two in the bush,'" Professor Falk says.
However, someone who is intelligent seems to be twice favoured, according to the results of the Bonn study. On the one hand, they can be more successful, due to their cognitive abilities, than their less intelligent contemporaries. On the other hand, they are generally more tolerant of risk and more patient -- two character traits which research shows contribute additionally to success at the workplace.
There's a dark side to this too. People with a higher IQ, by the same logic, have a higher risk of losing it all and may be in a position to cause you a loss. Sometimes a bird in the hand is the right strategy.