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I'm amused at the notion of someone "wasting" their life at a typical job as opposed to devoting it entirely to a game. Granted banking may not be the most socially useful job one could do, but gaming provides no societal benefit whatsoever.
The point is McShane could add his name to the pantheon of great chess players if he devoted more time to it, you know leave a legacy and stuff. Rather than find more and more convoluted ways to screw Municipalities and Pension Funds over....
To choose between being part of the problem, or part of no real substantial solution.....
Theres no interest in finding a 'solution' to the perceived problems of Investment banks ripping off their clients because like all financial transactions caveat emptor should apply. Mutual Funds, Insurance companies, pension funds and the like have been seduced by the prospect of above average returns from investing in complex financial instruments that they don't understand - see Robert Citron and the Orange County bankruptcy for a prime example of a bank (Merril Lynch) selling utterly inappropriate REPOS and Floating Rate Notes to a municipal treasurer.
Of course Citron bought those instruments because he wanted to fund the county's programs without raising taxes...it works both ways.
Theres no interest in finding a 'solution' to the perceived problems of Investment banks ripping off their clients because like all financial transactions caveat emptor should apply.
After seeing all the participation Occupy Wall Street had, I would venture there is tremenous interst.
Point taken, although that movement seems to have run out of steam and the big investment banks still have governments over a barrel...
Dr. Siegbert Tarrasch was a medical doctor, which was why he put off playing for the world championship. When he finally got around to it, he was over the hill and Lasker kicked his ass.
edit: huh, ninja'd on page 1.
True that. Guess it's true what they say. You cannot fight City Hall.
Its because all of our potential wealth (Pension Funds, 401(k)'s, Insurance Policies etc) is essentially tied to the performance of the S & P 500 so nothing can be allowed to have a negative impact on the markets. That is why the banks were bailed out and we have the Fed printing money as fast as they can to keep interest rates artificially low.
Hey, there's a brilliant idea.
did you really mean that?
Or were you just being sarcastic?
He is one of them sarcasm-coaches. He needs some money ...
Yeah, I need money like a hole in the head.
But back on topic, I heard Kasparov recently picked up a part-time job training attack dogs.
Around here, dogs are trained to attack those who get back on topic.
Good to know that I am completely safe from dog attacks then .
The mathematician Claude Shannon was an amateur chess player
Most titled players have another job: they give chess training.
For example: http://www.chess.com/coaches
Yes, chess is a game, but can also be a career. I was fortunate enough to study with Samuel Reshevsky in the 1980s. He tutored chess to augment his income. Just as tennis is a game, baseball is a game, basketball is a game, and golf is a game.
At one point Bobby Fisher said " Reshevsky and I are the only ones in America who try (to earn a living from chess). We don't make much. The other masters have outside jobs. Like Rossolimo, he drives a cab. Evans, he works for the movies. The Russians, they get money from the government. We have to depend on tournament prizes. And they're lousy. Maybe a couple hundred bucks. Millionaires back this game, but they're all cheap." He continued:
"Look what they do for golf: thirty thousand dollars for a tournament is nothing. But for chess they give a thousand or two and they think it's a big deal. The tournament has to be named after them, everybody has to bow down to them, play when they want, everything for a couple thousand dollars which is nothing to them anyhow. They take it off their income tax. These people are cheap. It's ridiculous." He continued: "It's the fault of the chess players themselves. I don't know what they used to be, but now they're not the most gentlemanly group. When it was a game played by the aristocrats it had more like you know dignity to it. When they used to have the clubs, like no women were allowed and everybody went in dressed in a suit, a tie, like gentlemen, you know. Now, kids come running in their sneakers. Even in the best chess club-and they got women in there. It's a social place and people are making noise, it's a madhouse." (on the lack of financial support for chess)
Yeah, all those chicks and kids! And Jews!
I score WAY better with the Black pieces
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