"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction" says Warren Buffet.
You won't expect to hear that from the third wealthiest man on the planet. But that is probably one of the reasons why Warren Buffet is so successful.
Being surrounded by people who are better than you won't make you look dumb. It just shows that you know your place and that you're probably smart too.
And when you're with them, ask good questions and observe how they conduct their business. You'll be surprised on what you'll learn.