What are the worst misconceptions made in the world of competitive programming?

Answer by Nikhil Garg:

  • Rating in programming competitions is a perfect estimator of success in software engineering.
  • Rating in programming competitions is a perfect estimator of the intelligence.
  • Highly rated programmers are smarter than not only lowly rated programmers but also those who never participated in any competition.
  • Constant optimizations which don't change the asymptotic complexity mostly do not matter.
  • Algorithmics is the most interesting/challenging branch of computer science.
  • Top rated programmers are filthy rich.

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