In this engaging conversation, Patrick Grimes shares his journey from a career in automation robotics and machine design to becoming a private investor. He details the lessons learned from experiencing foreclosure during the 2008/2009 market downturn, which led him to develop his "Three Rings of Investment" philosophy: seeking recession resilience, non-correlation, and insulation from AI disruption. Grimes critiques publicly traded Real Estate Investment Trusts (REITs) in what he calls "The R...