Kotov’s quote is one of my favorite chess quotes since is sums up the ethos of both successful chess and financial planning.
When playing chess, you need to follow some kind of game plan. Even if your plan is in need of improvement, it is still better to follow it than to simply make random moves. Similarly, although the ideal is to have an efficient, successful financial plan, it is most important to follow a plan, even if it’s not the perfect plan, rather than making haphazard investment decisions that don’t conform to any plan at all.
Lessons for life
Chess quotes, composed by seasoned grandmasters, can teach you a lot about life in general, not just about chess. In fact, Susan Polgar and I found some of the greatest humorous, sharp, and thought-provoking quotes, which we included when we wrote Rich As A King. We also compiled an interesting selection of inspirational chess quotes from some of the most famous chess grandmasters and posted them on our site. Read them and get inspired here.
Douglas Goldstein, co-author of Rich As A King: How the Wisdom of Chess Can Make You A Grandmaster of Investing, avid chess fan, international investment advisor and Certified Financial Planner (CFP®).