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Big Picture Retirement®

#040: Keeping it Simple with Doug Goldstein

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7546 Ratings

🗓️ 2 October 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

Chess involved both strategy and psychology - much like investing! Doug Goldstein, author of RICH AS A KING: How the Wisdom of Chess Can Make You a Grandmaster of Investing, joins Devin in a discussion about the way chess strategies can be applied to your personal finances.

For the show notes, go to http://www.bigpictureretirement.net/040

Transcript

Click on a timestamp to play from that location

0:00.0

The Big Picture Retirement Show does not provide specific tax, legal, or financial advice.

0:05.1

Listeners are encouraged to seek out their own advisors in these areas.

0:12.5

Hey everyone and welcome to the Big Picture Retirement Show where we deliver insight on what you need to know for a meaningful and successful retirement.

0:22.5

If you are planning for or living in retirement, this is the show for you. Hey, I'm Devin Carroll and joined today by my co-host,

0:30.2

John Ross. Hey, John. Shalom. Yes, yes. How appropriate for today's episode. We've got Doug Goldstein that's going to be our guest,

0:40.8

and he's a financial advisor based in Jerusalem, who is, he's written several books. He's got a

0:46.8

great podcast, and I know he's going to tell us more about that, but I've had the honor of being

0:52.3

on his podcast, which is Goldstein onon-Gelt. And you can find

0:57.1

that in iTunes. And also, he's one of the panelists on this other podcast called Money Tree. So I can't

1:02.8

wait to hear what Doug has to say. He's written a new book. It's how the wisdom of chess can make

1:08.1

you a grandmaster of investing. And he's co-authored that

1:11.6

with a chess grandmaster as well. Yeah, kind of an interesting take on financial investing

1:17.3

strategy. I'm not a big chess player. No, I'm not either. I play checkers. Now, I have played chess

1:23.3

and I have lost consistently. Yes. And so I, you know, I don't know a lot about it.

1:27.9

But what I do know is that there is a lot of strategy that goes into it.

1:31.7

Certainly.

1:32.4

And I think basically there's also a lot of psychology that goes into it.

1:35.8

And not necessarily the psychology of your opponent, but your own defeating your own

1:40.4

psychology burdens.

1:42.6

Certainly.

1:42.9

And I think that's where they're kind of going with some of this,

1:45.2

is, you know, if you can learn some of the psychological tactics that are involved in chess

...

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