Interview with Adam Robinson

🎉 Welcome to Patrick Bole on finance! Today's episode features Adam Robinson, a remarkable individual with a fascinating career.

♟️ Adam was a teenage chess prodigy who trained with Bobby Fischer for the 1972 World Championship. He later earned degrees from Oxford University and UPenn Wharton.

📚 He founded the Princeton Review, which he later sold, and became an AI pioneer and quantitative trader. His company, Robinson Global Strategies, provides macro research to top hedge funds.

📖 Adam is also a New York Times best-selling author and has written a book titled "How Not to Be Stupid", which is endorsed by Warren Buffett.

🕒 This episode is longer than usual, but Adam's insights are worth it. He shares strategies on avoiding mistakes and improving decision-making.

💡 Adam defines stupidity as "overlooking or dismissing conspicuously crucial information." He emphasizes the importance of being aware of our mistakes and learning from them.

✈️ He discusses how pilots and professionals often make errors, and how we tend to overlook our own mistakes while easily spotting them in others.

🔍 Adam shares a story about Yo-Yo Ma losing a $3 million cello, illustrating how even the best can make mistakes under pressure.

📊 He emphasizes the need for systems and rules to avoid repeating errors, using personal anecdotes about his own experiences with forgetfulness.

🧠 Adam encourages treating life as a series of experiments to learn from, and stresses the importance of systematic approaches in decision-making.

📈 He highlights the difference between luck and skill in investing, advocating for a systematic approach to trading and decision-making.

🌟 Adam believes that true mastery comes from understanding oneself and learning from mistakes, rather than simply trying to be right all the time.

🔗 For more insights, follow Adam on Twitter at @IAmAdamRobinson and look out for his upcoming book, expected to be released next year.

👋 Thank you for joining us today! If you found this episode interesting, be sure to check out more content from Patrick Bole.