Soon after the end of the first game of the World Chess Championship Anand/Carlsen match, I looked back at the last World Champion match, which started the same way, with a draw. In this case, instead of making a tie with Gelfand, Anand tied with Carlsen. Anand’s knight and Carlsen’s queen just moved back and forth between the same squares. With no progress in the game, no one won. In writing Rich As A King with Susan, we examined a parallel to this in finance.
People move their money back and forth from one investment to another, never improving their position.
In both the world of chess and the world of investing, if you don’t advance, you stagnate, and will just end up in a draw… or even worse, you might lose. What other investing lessons will we find in this year’s championship match?