Your "Diversified" Portfolio Might Secretly Be One Big Bet on AI, with Alec Litowitz
Afford Anything | Get Smarter With MoneyShow Notes
#750: Free worksheet: question the belief that might be keeping you stuck — before reality forces the update for you: http://affordanything.com/turn-it-around
Alec Litowitz spent three decades building one of the world's largest hedge funds, and he says the highest-IQ people in the room are often the last to notice the world has changed. His answer isn't more intelligence — it's the willingness to be wrong, quickly, and update before everyone else catches up.
Alec co-founded Citadel alongside Ken Griffin and later founded Magnetar Capital, one of the largest alternative asset managers in the world. His new book, The Adaptability Quotient, is out September 15.
In this episode, we discuss:
How adaptability quotient (AQ) differs from IQ and EQ — and why it matters more now
What a doomed Antarctic expedition reveals about real adaptability
Why AI makes knowledge abundant and judgment scarce
How to stop needing to be right so you can update faster
The real reason Blockbuster lost to Netflix (it wasn't a bad decision)
A 4-part test for telling a temporary shift from a permanent one
Why a "diversified" portfolio might secretly be one big bet right now
This episode is for anyone whose career, portfolio, or plans feel less certain than they used to — a way of thinking that doesn't require predicting the future, just noticing when your old model has stopped working.
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