Earlier quoted context omitted.
Yes, it takes a real genius to work on bug tracking and project management.
Accidentally hit the up arrow instead of the down, so I will respond. His bug tracking/pm software is actually quite good. He doesn't actually write software anymore from what I understand. And attacking him personally doesn't change the validity of his point.
The lesson of his business is that you should try to produce boring, solid software that solves problems in a very simple, straightforward fashion using a handful of good ideas (maximize the probability of getting bugs in by, e.g., not having any required fields; prevent the improper use of metrics by not adding much reporting functionality). He has long, old release cycles that ensures polished, stable software. This is not rockstar genius ninja work at all.
The Javascript wankery that's far beyond the capabilities of typical code monkeys (the spellchecker, dragging and dropping columns in tables, etc) is the least valuable part of FogBugz.