In Good Company with Nicolai Tangen

Magnus Carlsen: Chess, Investing and Strategic thinking

Aug 7, 2024

Magnus Carlsen, the highest-rated chess player in history, shares insights on the intersection of chess and investing. He discusses the balance of intuition and analysis in decision-making and the importance of adapting to different opponents. Carlsen also delves into overcoming self-doubt and the role of optimism in achieving success. Additionally, he highlights the impact of AI on chess strategy and how curiosity fuels personal growth outside the game. This engaging conversation reveals the intricate mental strategies of a world champion.

01:01:04

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Episode guests

Magnus Carlsen

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Episode notes

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Quick takeaways

Magnus Carlsen illustrates how strategic thinking in chess directly informs effective investing strategies by enhancing problem-solving and decision-making skills.

The podcast emphasizes the significance of adapting to different opponents and managing risk in both chess and business for optimal success.

Deep dives

Lessons from Chess and Business

Chess players often possess unique problem-solving skills that can be beneficial in business contexts. Magnus Carlsen highlighted the historical connection between chess and code-breaking during World War II, indicating that the analytical skills developed through chess can translate into various domains, including investing. Early engagement in chess cultivates the ability to address complex problems under time constraints, providing a foundational skill set for future business decisions. Although mastery of chess alone may not guarantee business success, it serves as an invaluable start for developing strategic thinking.

Intro

2min

Balancing Intuition and Analysis

14min

Evolving Chess Dynamics

10min

Optimism and Strategy in Chess

18min

The Interplay of Fitness and Mental Performance

2min

The Chess Revolution: AI and Human Strategy

10min

Overcoming Imposter Syndrome

5min

How can strategic thinking in chess be applied to investing? In this episode Magnus Carlsen and Nicolai Tangen discuss the comparison between business investing and chess. They also talk about risk, how to recover after losses, AI in chess, strategizing against different opponents and how to always explore and stay curious. Magnus also reflects on self-doubt and the power of optimism in achieving success. Don’t miss this engaging episode with the world's greatest chess player. Tune in!

In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.

The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Sigurd Brekke and Patrick Du Plessis.