👉 Free 10-day workbook: figure out what you're actually optimizing for — money, time, or something else: https://affordanything.com/fiire 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. Chapters: (01:04) What a doomed Antarctic expedition reveals about real adaptability (07:27) How AQ is different from IQ and EQ (08:59) Why swimming fast in the wrong direction still loses (16:36) Why AI is an environment now, not just a tool (18:10) What becomes scarce once AI makes knowledge free (33:29) Why the best decision-makers want to be wrong (35:26) The real reason Blockbuster lost to Netflix (49:04) Four signs a change is permanent, not temporary (56:00) Why your "diversified" portfolio might not be (01:33:13) The one skill that outlasts any job ❓GOT A QUESTION? WE'D LOVE TO HEAR IT https://affordanything.com/voicemail 🎧 NEVER MISS AN EPISODE Apple Podcasts: https://affordanything.com/applepodcasts Spotify: http://affordanything.com/spotify 🤗JOIN OUR PRIVATE COMMUNITY: https://affordanything.com/community 🤗STAY IN THE LOOP: https://affordanything.com/newsletter 🛠 TOOLS AND RESOURCES: 👉 Alec's new book, The Adaptability Quotient: https://amzn.to/4y7VMKo 👉 Grit by Angela Duckworth (referenced in this episode): https://amzn.to/4A9AzS5 👀 WATCH THIS VIDEO NEXT: How to Get Ahead at Work | HARVARD PROF EXPLAINS — https://www.youtube.com/watch?v=cBPI6t1WtJc 👋 SAY HI ON SOCIAL: Facebook: https://facebook.com/affordanything Instagram: https://instagram.com/paulapant X: https://x.com/affordanything #DecisionMaking #CriticalThinking #ArtificialIntelligence #FinancialPsychology https://youtu.be/QlOBNLF_8HM