Jun 16, 2020
Vitaliy grew up in Russia, where chess is a spectator sport. Any player who takes chess seriously will carefully study opening systems – the series of first moves early in the game that lead to the middle-game formation of pieces. Because chess always starts with pieces in the same arrangement, opening moves can become somewhat routine. In this podcast, Vitaliy compares the stock market to Fischer Random Chess, in which the opening pieces are totally jumbled across the board. Vitaliy explains that investing today is like Fischer Random Chess, where the objective is the same, but the set up is unlike one we have seen in our lifetime.
You can read this article online at: https://contrarianedge.com/the-fischer-random-chess-stock-market/