by Doug Goldstein CFP® | Jul 15, 2014 | Chess, Chess Strategies
Chess is associated with a love for strategic innovation. When I asked myself what strategic innovation in chess has in common with the thinking used in business and investing, “disruptive innovation” sprang to mind. Disruptive Innovation in Chess Grandmasters follow... Click for more
by Doug Goldstein CFP® | Jul 10, 2014 | Chess, Chess Strategies, Strategic Thinking
How to maximize the return on your pieces Chess players must keep in mind the symbiotic nature of the three opening goals (controlling the center, castling, and developing their fighting pieces). If the start of the game includes appropriating the heart of the... Click for more
by Doug Goldstein CFP® | Jul 7, 2014 | Chess Strategies, Financial Strategies
What I learned during a chess game I recall one particular end game where my king was trapped behind my own pieces. Although I was in a strong position with enough material strength to fend off defeat, victory didn’t appear to be in my grasp. It looked like a draw. My... Click for more
by Doug Goldstein CFP® | Jul 3, 2014 | Chess, Chess Strategies, Financial Strategies, Strategic Thinking
Understanding value is essential for estimating risk in both chess and investing. The most valuable chess piece is the queen. It combines the power of a rook with the power of two bishops. A rook can move either horizontally or vertically, while a bishop can move... Click for more
by Doug Goldstein CFP® | Jun 24, 2014 | Chess, Chess Strategies, Financial Strategies, Strategic Thinking
When you see the big picture, you can plan your next move. Learning how to do this is called “Blue Hat” thinking, a thinking strategy explained by Edward de Bono in his remarkable “Six Thinking Hats” model. I recently blogged about Red Hat thinking, an intuitive grasp... Click for more
by Doug Goldstein CFP® | Jun 11, 2014 | Chess, Chess Strategies, Financial Strategies
If you want to invest smarter, you have to think smarter. In my previous post, I talked about how Edward de Bono, a Maltese physician, prolific author, and business consultant, reinvented thinking paradigms, updating them from anachronistic models inherited from the... Click for more
