The Best of the Best have three things in common: experience, Intellect & Performance.
• Big 5 accounting firm
• Big 5 consultancy
• C-Suite positions at two Fortune 500 companies
• Attempted to LBO global employer
• Ran for Congress
• Private practice
• Clients in 46 states
• See LinkedIn for career details.
At some point, experience become expertise. After graduating with highest grades from college, my experience includes a Big 5 accounting firm, C suite positions at two Fortune 500 companies and private practice.
Here’s my graph.
Cognitive Capital in the Knowledge Economy
“Mensan, genius, superior cognitive abilities, Big 4 accounting firm, 2 S&P 500 C Suites, introduced mag stripe cards & digital transactions to the marketplace, ran for Congress, first virtual, cloud based CPA firm.”
Geniuses are noted for superior cognitive ability; creativity & innovation; for making connections between objects that most of us wouldn’t think of connecting; for keeping everything they know, suspect, have seen or read hovering in the back of their brain to call on when appropriate; and combining seemingly disparate facts into remarkable solutions. In the process of doing that, geniuses inevitably think abstractly and apply abstractions—that is, they/we become smarter. The solutions to complex problems sometimes appear instantly in the genius mind before the problem is fully defined.
“A genius is a person who displays exceptional intellectual ability, creative productivity and originality, that is associated with the achievement of new advances in a domain of knowledge. Despite the presence of scholars in many subjects throughout history, many geniuses have shown high achievements in only a single kind of activity.” Wikipedia.
QUOTE – “True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.” –Churchill”.
The study presented here charts performance. The theory of performance is every trade or profession charts the same. See below.
This study explains why privately owned businesses pay more tax at higher rates than the global 500. The results of the definitive study on expertise will startle you. It is so dramatic it’s hard to believe.
There is a ton of difference between a top performer and an average performer in every profession & every endeavor under the sun, including the tax & accounting profession.
It’s particular noticeable in tax & accounting because the Global 500 hire all the top prospects for themselves, leaving on the left-overs for privately owned businesses.
The best tax professionals in any profession perform 100 to 1000 times better then average. A few outliers outperform the entire population by tremendous amounts. There is so much difference, top performers and average performers can’t even understand each other.
It’s basically an L. It’s i