> It’s hard to know what to take from that; Steve Jobs was clearly a very smart man, without a lot of empathy for lesser beings. So is he saying “Everything was made up by people no smarter than Steve Jobs”, or does he actually mean it that the average world/company/industry leader really is no smarter than you?

He's saying that the average "you" is no smarter than the average person.

> And then I take a look at the clown show that has been tech in the past few weeks...

All of these example trace their roots to extreme market distortions bought about by a massive direct injection of money into an economy that had partially shut down during the pandemic. The normal pricing signals were suppressed for the last two years.

The underlying mistake made in the biggest of the cited examples was to believe the distorted marketplace pricing signals.

The mistake made in the lesser cited examples was that getting rich from the deluge of fake money serves as proof of skill in other areas.

The process of normalization is now underway, and will continue for some time. If those examples in the article make you go "huh," just wait for what's in store as the receding tide reveals all of those bare bottoms and inflated senses of superiority.