by Chad Shoop
The Sovereign Investor
I am not quite the grandmaster at the classic board game chess, but I do enjoy playing and teaching the game to my kids.
One of the hardest concepts to grasp for a 7-year-old is the need to think several moves ahead.
If you’ve ever played, then you may know the idea is to position yourself in such a way that will force the opponent into moves you can anticipate, and make it all work to your advantage.
In a sense, investing is a lot like a game of chess — thinking ahead about where a future stock price will be based on certain circumstances.