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The Meaningful Money Personal Finance Podcast

MMP117: Rich As A King, with Doug Goldstein

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 8 July 2015

⏱️ 37 minutes

🧾️ Download transcript

Summary

Financial planning is a long game, with twists and turns along the way. Chess is a long game, with twists and turns along the way. Turns  out there is quite a bit that you can learn from studying the moves of chess grandmasters and apply to financial planning and investing. And that’s the subject of a new book called Rich As A King, How The Wisdom Of Chess Can Make You A Grandmaster Of Investing. Today I’ll be chatting to its co-author, Doug Goldstein, about his collaboration on the book with Grandmaster Susan Polgar, and learning some valuable lessons about behavioural finance.

Transcript

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0:00.0

Hi folks and welcome to the Meaningful Money podcast session number 117.

0:04.9

Becoming powerful and rich beyond your wildest dreams ain't going to make you feel, budd.

0:10.8

Yeah, but it's worth a shot. This is the podcast dedicated to helping you put your finances in order.

0:25.7

My name is Pete Matthew, and I'm going to share with you everything you need to know and everything you need to do to secure your financial future.

0:32.4

I'm here to help you make sense of money.

0:42.6

Thank you. make sense of money. Okay, financial planning, folks, as you know, is a long game with twists and turns along the way.

0:50.7

Chess is a long game with twists and turns along the way.

0:55.2

And it turns out there's quite a bit you can learn from studying the moves of chess grandmasters

1:00.2

and apply to financial planning and investing.

1:03.8

And that's the subject of a new book, which is called Rich as a King,

1:07.2

how the wisdom of chess can make you a grandmaster of investing.

1:11.5

Today I'm going to be chatting with the book's co-author, Doug Goldstein, about his collaboration

1:15.7

on the book with Grandmaster Susan Polgar, and we're going to be learning some valuable

1:19.7

lessons about behavioral finance on the way.

1:22.4

So stay tuned for that.

1:24.1

After that, I'm not going to be reading any reviews out this week because I'm recording two shows quite close together, so no new reviews in the sort of 30 minutes or so since I recorded the last one.

1:33.2

But I will be announcing the next session topic, of course. But remember, before we get into any of that, this podcast is brought to you with a very kind help of my good friends at 7 Investment Management.

1:44.0

They're a firm of investment managers based up in the city of London and they specialize,

1:47.8

among other things, in multi-asset investing, which brings institutional standard investing techniques

1:53.8

to ordinary people like you and me. 7.m. continue to put their name to the show here and on

1:58.8

the website because they believe in what I'm doing,

2:01.2

trying to get decent, easy to understand, easily applied financial information out to the world.

...

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