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Audio: What investors want, and how this compares to the royal game

When we plan our investments, we need to think ahead. Can the logic of chess help us?
3/7/2011, 6:40 PM

A7 Radio's "Goldstein on Gelt" with Douglas Goldstein
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SEGMENT 1: What Investors Really Want

Smart investing and playing the royal game of chess may at first sound like two different things. Yet the skills of lateral thinking, forward planning, and being able to keep an eye on the big picture are what make both a successful investor and a skilled chess player. But how do we learn these skills, or are they inborn?

In this week's Goldstein on Gelt Show, host Doug Goldstein speaks to Professor Meir Statman of Santa Clara University in California and Tilburg University in the Netherlands  about investor behavior and his best seller, What Investors Want. In this interesting interview, we find out what motivates how we invest and how we can stick to our financial goals.

SEGMENT 2 - The Immortal Game A History of Chess

In the second half of the show, Doug speaks to David Shenk, author of several important works, including The Forgetting, Data Smog, The Genius in All of Us, and The Immortal Game. Discover whether our intelligence is hereditary and how we can apply lateral thinking and the rules of chess, even if we are not players ourselves, to our investment decisions by tuning into this week's show.

Email doug@profile-financial.com for questions of comments.

Douglas Goldstein, CFP® is the owner and director of Profile Investment Services, Ltd., an international investment company. He began his career on Wall Street in 1992 at Dean Witter. After developing a successful practice in New York, Doug moved with his wife and family to Israel. Doug is the author of the book, Building Wealth in Israel: A Guide to International Investments and Financial Planning. The Goldstein on Gelt podcast airs every Monday from 7:00 p.m. - 8:00 p.m. on Israel National Radio. For more info visit http://www.goldsteinongelt.com/
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