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How Investing Imitates Chess (17 of 17)

Garry Kasparov closes How Life Imitates Chess with a final chapter titled Endgame. The theme of this book has been inspiring readers to continually challenge themselves in pursuit of success. "My hope is that in this book I have managed to pass along some of the wisdom and strategies I've learned, and that you too will find ways to use the world's greatest game to your every advantage."

I opened SLO2 with How Investing Imitates Chess (1 of 17) and with this post the series is concluded. The theme of this blog series has been to glean a few morsels from Kasparov's book and apply them to investing. My hope is that you have enjoyed them. Summarizing three of my favorite morsels:
• There are often times when an investor must practice the art of useful waiting, which is an excellent opportunity to visualize market and economic scenarios.
• The keys to great investing are self-awareness and consistency.
• Investing is comprised of three phases (opening, middle game, and endgame) each with distinct characteristics that poses problems that benefit from different modes of thinking.

Comments: View Comments |  Sunday September 14, 2008

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