I would be stupid if I could get your logic that is originally inconsistent.
If you say me stupid, I will be relieved because it is proof of normality.
> It is only an academic society of an old age where people without Ph.D. are ignored.
I can understand that you have not worked with a foreign businessman only by this single word.
I guess you do not know at all what difference is on business whether a person has a doctor or not.