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by Douglas Goldstein and Susan Polgar

RICH AS A KING by Douglas Goldstein and Susan Polgar

How the Wisdom of Chess Can Make You a Grandmaster of Investing

Rich As A King is not just another personal finance book nor just another chess book.

It is the first book to incorporate chess strategies into creating personal financial success.

The strategic thinking skills, clarity, and patience required to win a game of chess can also be applied to the world of finance and investing. Thinking one step ahead and creating a detailed financial plan bring you closer to your ultimate goals of building your wealth.

Like a pawn on the chessboard, navigating through many challenges and obstacles to achieve financial success, an investor must have a master plan and effective strategy. You need to be able to advance across the board while protecting your king (you and your family) from your opponents at the same time.

Rich As a King draws on the core strategies of grandmaster-level chess players and teaches you how their skills can guide you towards financial growth. The concepts addressed in the book include strategy, pattern recognition, efficiency, precision, and planning.

Morgan James Publishing

298 pages

“Rich As A King is an entertaining, informative, and very interesting treatment of investment strategy, tactics and wisdom. It is surprisingly exhaustive in its coverage. Its strength lies in three areas. One is the explicit recognition and treatment of the Kahneman type behavioral decision-making flaws that most of us have, and of organized ways to avoid them. The second is the explicit treatment of market psychology as a relevant variable. The third is unique I think: the use of an extended parallel analysis of the game of chess – a kind of analogy. For those who play the game of chess well, the benefit will be the transfer of knowledge they already have to the field of personal investing. For the rest of us, I am less sure that whatever expertise we have in investing plus the book will make us better chess players. But perhaps learning to play chess well will make us more sure-footed investors.”

- Michael Spence, Nobel Prize Laureate, Economics