I raised the observation awhile back that education doesn't mean intelligence, as evidenced by the countless "well educated" fools I have seen in my life.
The latest example is in a boston.com report where a Harvard professor was trying to shake down a small restaurant owner for a few dollars. The professor ended up issuing an apology, and in the process getting his reputation and potentially lucrative consulting contracts ruined.
If you read up on the professor, he seems quite extraordinary in that he graduated two years with a PhD out of Harvard, among others (Harvard undergrate, Harvard Law and HBS professorship, etc.).
He threw away so much for so little.
Amazing.