FFS, stop being either deliberately obtuse, you're smarter than that.
This was all patiently explained to you by another poster muich earlier in this thread, and it is so basic there should be no way you don't
grasp it.
Besides basic reading comprehension, it's LOGIC 101. For a statement to be true, its antecedents must be not only
necessary but
sufficient.,
Nowhere in his statement is Obame refuting that being intelligent or hard working aren't necessary conditions for success, despite your dimbulb assertion that he is.
I know, and I know that you know, that many intelligent and hard working people have launched businesses that have nevertheless failed. So, while being intelligent and hard working are necessary conditions for business success, they are not always sufficient.
And this is the irrefutably exact meaning of what Obama said, accessible to any person with an IQ near 100 for whom English is their mother tongue.
He's struck that some successful business people blandly assume that their intelligence and hard work
are the only reasons for their business success,
because it that were true then no one who was both intelligent and hard working would or could ever fail in business,
And the
simple fact is, many hard working and intelligent people have failed.
Please stop pretending you don't
understand this. It's beneath you.