Chess and the Art of Personal Finance
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They say that Bobby Fisher could play a game of chess, and one year later, see his opponent on the street and recount the game from memory.
Warren Buffett has a phenomenal memory, too, and a mind for numbers that would marvel Deep Blue.
So that brings us to the feature articles I have planned for this week at the Dough Roller–Chess and the Art of Personal Finance. As an avid chess player, I’ve long realized the lessons the King’s game can teach us about money and investing. Recently, Money, Matter and More Musings published a nice article on the same topic that I highly recommend called Life is Like a Game of Chess. My mini-series this upcoming week looks at specific aspects of the game and applies the principles learned to personal finance. Here are the articles you can look forward to this week:
- Chess and the Art of Financial Goals
- Chess and the Deadly Trap of Debt
- Behold, the Power of the Pawn
- Speed Chess and the Art of Patient Investing
At the end of each article there will be a chess puzzle for you to solve if you’re up to the challenge. I’ll provide the answers to each puzzle at the end of the week. In addition to these feature articles, I’ll post daily links to other great articles around the blogosphere and will also publish other short pieces throughout the week to pass on useful or interesting personal finance items.
19 Comments, Comment or Ping
paidtwice
I am really looking forward to this series!
You know, I consider myself a decent chess player, and I can’t even solve your easy example. I’ll have to look at it some more tonight.
Sep 16th, 2007
Pinyo
This is cool. I don’t see a mate move, but a win move would be:
Qg1 (check)
KxQ
KnightxB (check)
K move
KnightxQ
winning the bishop. My notation is a bit rusty.
Sep 16th, 2007
DR
We have a winner! Well done, Pinyo.
Sep 17th, 2007
Brian
As a non-chess person, how did that create a win?
Sep 17th, 2007
Loonies And Sense
I’m with Brian. What does “winning the bishop” mean?
Sep 17th, 2007
Pinyo
In that series of exchanges white lost both the Queen and the Bishop, but black only lost the Queen. Therefore, black is ahead of white by one bishop.
Sep 17th, 2007
paidtwice
Dangit and all this time I was trying to find the mate move.
Not that um… I would have figured it out if I understood anyway.
Sep 17th, 2007
Loonies And Sense
So by “winning the bishop”, do you win the game, or do you still have to get mate?
Sep 17th, 2007
DR
Well I seemed to have created some controversy here. Winning the bishop gives black a winning position, but it’s obviously not checkmate. I should have said something like “White to move and gain a winning position.” White to move and win is my shorthand, as opposed to White to move and mate. Sorry for the confusion. By the way, any doubts that Black has a won game following the combination?
Sep 17th, 2007
Loonies And Sense
OK, now I get it. I “know” how to play chess to the extent that I know which moves each piece can make, but all this endgame terminology is new to me. Thanks for taking the time to explain.
Sep 17th, 2007
Pinyo
You mean black right?
Sep 17th, 2007
DR
Pinyo, yes. Black to move and gain a winning position. And I thought this was simple!
Sep 18th, 2007
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