What I Learned from Chess

You have to play and be willing to lose in order to learn more August 03, 2021 [UNSUBSCRIBE]( | [WEBSITE]( [Altucher Confidential] [Warning] Do you enjoy receiving Altucher Confidential? Please [Click Here Now]( so we know to continue sending you Altucher Confidential for free! “You have to play and be willing to lose in order to learn more..” [Chess] What I Learned from Chess By James Altucher External Advertisement Will we see Sky High Silver in 2021? [silver bar]( best performing asset in 2020 was practically ignored by the mainstream media. Wall Street did the same... Silver beat gold, oil, the S&P, the Dow... and yet you barely heard a word about it. But that won’t last for long. To see why [go here](. We’ll reveal to you the powerful market forces that could carry silver to new highs in 2021. Don’t worry about selling for maximum gains… [you’re about to discover a way to invest in physical silver where you can liquidate your holdings with a click of the mouse.]( Chess got me a girlfriend, it got me into college, it got me into graduate school, it got me my first job, it helped me raise money, it got my company sold, and it opens doors when previously they seemed locked to everyone around me. But all of that is superficial. Where it really helped me, where any activity that you devote your heart to for years at a time, is the following: A) It taught me how to learn. Many people play chess for years and never get better. I have one friend I see about once every five years. He loves chess but has never once studied the game. He still plays the same moves. Makes the same mistakes. All of that time spent on something he loves and he is unable to improve. How come? Hasn’t he put in his 10,000 hours? It’s not about 10,000 hours. It’s about 10,000 hours where you practice with intent. You have to get a teacher. You have to study the history (play over games played by all the great players since the 1800s through yesterday). You have to study books on how to play the opening in chess. The middle game (study books on tactics and positional strategy), and the endgame (study books with problem after problem on how to play when there are few pieces on board). You have to play and be willing to lose in order to learn more. This is the same as anything. You get better at sales and management from studying from the best, reading and re-reading thousands of examples, and understanding the subtleties in the history of what you love. --------------------------------------------------------------- [Recommended Article] [The Precious Metal Your Broker Didn’t Tell You About | Money & Crisis]( --------------------------------------------------------------- B) It taught me how to lose. When I first started to play, I improved my skill very quickly but not my psychology. I wanted to think I was a talented genius. I wasn’t. Talent is a spark that lights the fire. But the fire needs constant fuel to get bigger. Maybe I had a tiny bit of talent, like most of us do. But I wasn’t anything special. I started playing at a late age: 17 is very late for young chess players. But within a year I was the strongest high school player in my state. But along the way I played a match with my high school team. I lost. It was right after I had started taking lessons from one of the strongest grandmasters in the country. It killed me to lose. What was the point? What was the point of my life? I had wrapped my personality up so much into chess that it was the only thing important to me. I threw all the pieces on the floor and walked out. Everyone was laughing. I didn’t come back to school for several days. A few months later I was playing my father. Here I was 17 years old, a grown man (almost) and when my father beat me I would start crying and yelling at him. Another time, I was 18, and I was representing New Jersey in the US High School Championship. I won my first game but lost my second game. I trashed my hotel room like I was some kind of rock star and I was so upset my grandparents had to drive down and pick me up. I dropped out of the tournament. I would have nightmares when I lost. The game being played over and over again in my head. I was at Expert level and not quite Master. Finally, I started to care more about getting better than about winning. I started to study my losses. I would take my losses to my instructor and we would go over them. And that’s how I went from Expert-level to Master-level. I still don’t like to lose. I hate it. It’s the worst feeling. But I never let a good loss go to waste. The only way to learn is to study something you never knew before. Losses are the maps that point you to what you never knew before. Kiss That Job You Hate Goodbye [Fish jumping into a different fishbowl]( make a second income so big it could enable you to quit that job you hate? Biden’s record-breaking $6 trillion budget proposes to pump more government money into the U.S. economy than at any time since World War II. Will you be ready to grab some of it as it flows down? Big societal shifts during the past year mean big opportunities abound. But only to those in the know. [And here’s what you need to know to make a great second income.]( C) I learned to play. I used to shake before every tournament. I was so nervous I always felt sick. And sometimes in the middle of the game, it would look like I was on the verge of losing. At first, if I was on the verge of losing, I would lose. It was like being stuck in the tractor beam of the Death Star. The loss would reel me in and all I could do was watch the mutilation of the pieces right in front of me. But then I switched mindsets. If I realized I was losing it almost became better for me. I would start to think, “OK, now the game begins. I have to get tricky.” I would spend more time at the board. I would focus. I would look down every variation. There’s a book called “Think Like a Grandmaster” by Alexander Kotov. He would suggest, before looking down any variations deeply, just look at all the “candidate moves” in front of you and then one by one start looking down them. I would come up with more candidate moves. More ways to make things look confusing. More ways to scare my opponent into tripping up. I became a better player by learning how to be mischievous when I was down. By learning how to kill when my opponent thought the hunt was already over. By learning how not to give up when all hope was lost. D) It taught me to control my paranoia. Chess is about being paranoid. When your opponent makes a move, he’s not your friend. He’s your predator. He wants to kill you. So you look at every possibility. How is trying to kill you? What is your worst case scenario? Much later when I was managing money for people I was always worried about what the worst scenarios can be. When I was dating women I was also worried about the worst case scenarios. I was too paranoid. I was thinking too much that everyone was a predator. It’s true that everyone is self-interested. This is how people survive. But I learned to hone it in real life. OK, here’s where I should be paranoid. And here’s where I should relax. But occasionally, here’s where I should trigger someone else to be paranoid. And the good thing is, because of chess I learned how to do that. --------------------------------------------------------------- [Recommended Article] [SEE How Inflation is Crushing You Right Now | Money & Crisis]( --------------------------------------------------------------- E) It taught me about adults. For the first time ever, I had friends who were not my age. I had friends of all ages and races and economic backgrounds. One language united us, which was the language of chess. Even when I was much older, I could be friends with 15 year olds because we would play chess and analyze the games together. Or, one time I was in Buenos Aires, at the world famous chess club where Fischer beat Petrosian, where Alekhine beat Casablanca. I don’t speak Spanish and the guys running the club didn’t speak English. But Claudia, my wife at the time, told them my rating, and then ushered me right in. I played games against the Argentinian Junior Champion, who was there, and we got the full tour of such a historical place. Since I was a kid I would go to Washington Square Park at the southwest corner, where the chess players have played for 60 years. When I was younger it was mostly drug dealers and prostitutes hanging out there. But there were also chess players and backgammon players and Scrabble players (Scrabble more in the northwest corner). Ultimately I crossed many barriers that a “civilian” life would not have allowed me to cross. Perhaps this is the thing I am most grateful for. It’s not just chess. If you get good at anything you get to speak a language that supersedes all other barriers, that builds a bridge directly into the hearts of others who share the same love. F) It taught me how to take advantage. Everyone thinks chess players are smart. It’s a cultural myth. It’s not really true. There are smart ones and some that are very stupid. But because of the myth around chess and IQ I have been able to maneuver. When I applied to college my grades were very poor. But my interviewer was a low-ranking chess player. So I helped him analyze some games for the entire hour of the interview. I then got into college. When I applied to graduate school, every place rejected me except the one school that was working on the world’s best chess computer. Guess who my office mate became. When I applied for a job, all of my interviews went bad. I didn’t know the answers to anything. I went outside in my hot, stuffy suit that didn’t fit and called my girlfriend. “Looks like I’m not good enough for New York.” I then went to play in the park right next door where tables were set up. I beat the first person I played, a strong master. When I was done, I looked up and my boss’s boss’s boss was watching (if I got the job he would have that power over me). It turns out he was a player. “I never saw anyone beat Ylon before,” he said. And we took an hour-long walk around the park talking chess and internet and TV and everything. I got the job. 20 years later almost to the day, Ylon Schwartz, the guy I played in the park that day, came onto my podcast and we discussed poker, which he is now champion of. Chess had meant everything to me. I love it. I’m not the best at it. I’m just good enough to be better than most others. But you can have these results with anything you love. When you love something, instant community builds around you to protect you. You become something much bigger than yourself. It turns out that evolution is not about individual selection. We only survive as well as we function in terms of a group. When we are a strong part of a group, when we help the group, and when we use the group’s resources to become better as an individual, then we survive and even thrive. For me, chess, business, writing, has done that. I no longer throw pieces at the people who beat me. I no longer even really study the game. I’ve chosen to focus more on writing and other things. But it’s inside of me and will be forever. Sincerely, [James Altucher] James Altucher 5G: Buyers Remorse [Buyer's Remorse]( people with 5G phones are facing the harsh truth - their phones aren’t receiving 5G signals consistently… and keep slipping back to 4G. The good news is there is a breakthrough new technology that will work with 5G phones, 4G phones, and even outdated 3G phones. 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