| Author |
Message |
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
   Posted: 04/Mar/2010 at 8:55pm |
Ajith, thanks for sharing the insights.
Stock market is an expensive place to find out who you are.Chess is far cheaper to learn those lessons.
|
Very true.
As Kasparov says weakness of character is reflected in your chess.I learnt that I am often impulsive.That I must rely more on my powerful subconscious.While playing important tournaments,I move away from the scene every now and then even in complex situations.When I come back often I notice something new and important instantly.
|
Yes, something to learn from.
|
 IP Logged |
|
|
|
 |
|
nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
Online Status: Offline
Posts: 1283
|
Posted: 04/Mar/2010 at 10:12am |
Originally posted by Ajith
In chess pattern recognition is the key.Higher level players are simply more familiar with more patterns.So they know what to do.In stocks also its the same.Jim Rogers knows stock market and economic history like few others and so understands and takes advantage of current situation.
|
Cant agree more on this, for that matter its applicable not only to investing but to many aspects in life. Pattern reconginition or big picture view or ability to connect the dots gives one a huge advantage over other who focus too much on the operational stuff, matters which really dont matter etc etc
|
|
Warm REgards
Nitin Jagtap
|
|
IP Logged |
|
|
|
Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
|
Posted: 05/Mar/2010 at 10:24pm |
|
Nithin,
Let me elaborate .Pattern recognition is at the core of chess.As you it can be applied to any activity requiring skill.Thats why I mentioned 'deliberate practice' in my first post.
"wired at birth to allocate capital"Thats what Buffet said(quote is from Fortune magazine and they challenged its correctness) about himself.He has the natural ability no doubt but he acquired his legendary skills by pouring over financial statements(according to Fortune magazine) just like Chess Grandmasters spend hours studying chess positions(to put it simply ).It is said that if an ordinary chess player is familiar with a 1000 (only illustrative)positions,an IM may know what to do with 10000,a GM with 100000,a super GM like Kasparov 150000.Some people have compared Kasparov with Buffet.Both have talent and skills honed by hard work.
Edited by Ajith - 05/Mar/2010 at 10:33pm
|
|
Ajith
|
|
IP Logged |
|
|
|
manish_okhade
Senior Member
Joined: 20/Oct/2008
Location: India
Online Status: Offline
Posts: 1997
|
Posted: 05/Mar/2010 at 9:13am |
Originally posted by Ajith
Nithin,
Some people have compared Kasparov with Buffet.Both have talent and skills honed by hard work.
|
I read somewhere Jim Rogers studied the stock mkt first in detail later he made calls on desired commodities. Its his knowledge of the mkt which stodd him in a seperate league.
So other than fundamnetals deep insight about crowd behavious in stocks is equally important.
|
|
IP Logged |
|
|
|
prabhakarkudva
Senior Member
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
|
Posted: 02/Aug/2010 at 2:27pm |
An amazing list of stock market truths.
|
|
Take your chances and keep them in a box until a quieter time.
|
|
IP Logged |
|
|
|
tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
|
Posted: 02/Aug/2010 at 3:08pm |
Originally posted by nitin_jagtap
Originally posted by Ajith
In chess pattern recognition is the key.Higher level players are simply more familiar with more patterns.So they know what to do.In stocks also its the same.Jim Rogers knows stock market and economic history like few others and so understands and takes advantage of current situation.
|
Cant agree more on this, for that matter its applicable not only to investing but to many aspects in life. Pattern reconginition or big picture view or ability to connect the dots gives one a huge advantage over other who focus too much on the operational stuff, matters which really dont matter etc etc |
Simplicity is a very powerful construct.Henry Thoreau recognised this when he said, "Our life is frittered away by detail....simplify, simplify.Einstein also recognisd the power of simplicity and it was the key to his breakthroughd in physics.he noted that the five ascending levels of intellect were,"smart(cat  ),intelligent, brilliant, genius, simple.
|
|
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
|
|
IP Logged |
|
|
|
samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
|
Posted: 02/Aug/2010 at 3:48pm |
|
Costlier a stock gets, more attractive it seems, but it should be the other way around.
|
|
IP Logged |
|
|
|
Circuit
Senior Member
Joined: 14/Jun/2008
Location: India
Online Status: Offline
Posts: 930
|
Posted: 02/Aug/2010 at 4:15pm |
|
A stock price is never too high to buy and never too low to sell
|
|
Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them....Ed Seykota
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
