by Doug Goldstein CFP® | Nov 19, 2014 | Chess, Decision Making, Strategic Thinking
When Grandmaster Susan Polgar was a young girl in Communist Hungary, her ambition was to become a chess grandmaster. But in the 1970s, and especially behind the Iron Curtain, this seemed to be an impossible dream as chess was very much a man’s game, and the chess... Click for more
by Doug Goldstein CFP® | Nov 12, 2014 | Decision Making
When making decisions, on the chessboard, in the markets, and in life in general, it is important to be rational. However, as life is not always rational, this is not always so easy. In this video, Professor Randall Bartlett of Smith University, author of the course... Click for more
by Doug Goldstein CFP® | Nov 6, 2014 | Decision Making, Strategic Thinking
You know how sometimes you just wish you had said something? Well, that happened to me when I had the incredible honor to be a guest on John Lee Dumas’s award-winning show, Entrepreneur on Fire. Though the interview went great (click here to listen), we... Click for more
by Doug Goldstein CFP® | Oct 22, 2014 | Chess Strategies, Decision Making
In the early 1900s, Akiba Rubinstein’s parents wanted him to become a Rabbi. Instead, he became a chess legend, revered for the “Rubinstein Attack.” Once, when asked who his opponent was, Rubinstein responded, “Tonight I am playing against the black pieces.” Stay... Click for more
by Doug Goldstein CFP® | Oct 20, 2014 | Chess, Decision Making, Financial Plan
One of the most famous chess games in history is what has become known as “The Immortal Game.” It took place on June 21st 1851 in London during a break at the world’s first international chess tournament, held as part of the famous Great Exhibition that showcased... Click for more
by Doug Goldstein CFP® | Oct 15, 2014 | Behavior finance, Decision Making
When investors decide whether to buy or sell a stock, they often get sucked into the “disposition effect.” Professors Hersh Shefrin and Meir Statman, who first invented this concept in 1985, define it as “investors’ disposition to sell winners too early and ride... Click for more
