Patrick Boyle On Finance Adam Robinson - Strategy for Investing and for Life
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Aug 21, 2024 
Adam Robinson, a former chess prodigy who trained with Bobby Fischer, discusses his riveting journey from chess to finance and AI. He delves into decision-making pitfalls, emphasizing the importance of self-awareness and structured approaches in high-stress scenarios. Robinson explores the psychological elements of investing, stressing mistake avoidance over mere intellect. He also shares insights on fostering children's intrinsic motivation, reflecting on how childhood dreams can shape adult ambitions.
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Defining and Avoiding Stupidity
- Stupidity is defined as overlooking or dismissing crucial, obvious information.
- People often fail to learn from mistakes because they draw wrong lessons or ignore obvious errors.
Musicians Losing Priceless Instruments
- Famous musicians repeatedly lose irreplaceable instruments after performances due to exhaustion and distraction.
- Despite publicized accidents, they fail to internalize the risks and keep making the same mistakes.
Use Systems to Prevent Errors
- Embed lessons learned from errors into systematic rules with physical checks.
- Avoid relying on mere resolutions to prevent repeating mistakes.