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In fact, TIAA-CREF, the pension fund, had an ad campaign
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in which they pointed that Albert Einstein left all of his pension
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investing to TIAA-CREF.
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He was a professor and they're a pension fund for professors.
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Einstein didn't think he could beat the market
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and Mr. Schwarzman very candidly pointed out that
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he didn't have the greatest math scores.
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Isn't that how he put it?
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He said he was no math genius
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and you think finance requires a lot of math,
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but I think that it's something about practical intelligence.
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Psychologists have talked about different kinds of intelligence--