CCC comments on Post ridiculous munchkin ideas! - Less Wrong
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If you are a human, then the biggest influence on your personality is your peer group. Choose your peers.
If you want to be better at math, surround yourself with mathematicians. If you want to be more productive, hang out with productive people. If you want to be outgoing or artistic or altruistic or polite or proactive or smart or just about anything else, find people who are better than you at that thing and become friends with them. The status-seeking conformity-loving parts of your mind will push you to become like them. (The incorrect but pithy version: "You are an average of the five people you spend the most time with.")
I've had a lot of success with this technique by going to the Less Wrong meetups in Boston, and by making a habit of attending any event where I'll be the stupidest person in the room (such as the average Less Wrong meetup).
I wish I could remember where I originally saw this quote:
"If you hang out with smart people, you will get smarter. If you hang out with dumb people, you will get dumber. If you hang out with rich people, they'll leave you with the bill and you will get poorer."
It is probably most useful if you hang out with people who are just a little higher than you on a given metric. You get the pull upwards, and the inferential (and other) distances are still small.
It probably wouldn't be very useful for a dumb person trying to hang out with Nobel Price winners. Most likely, the dumb person would completely misunderstand them and get overconfident. A company of average people would be more useful for the dumb person, as they could empathise more, and give better practical advice.
Similarly, hanging out with richer people will cost you more. They can also give you some good advice and contacts, but if the inferential distances are too large, you will not be able to use them.
Yes, that's all true. The other point in the quote is that it's not a good idea to hang out with the sort of people who prey on other people, because then you will get preyed on.