I personally do not play chess and am not particularly familiar with the strategies involved. However, I was recently referred to an article in the New York Times titled Good at Chess? A Hedge Fund May Want to Hire You. This intriguing article by Dylan McClain highlights the fundamental strategies that translate from chess to finance and more importantly, why chess players have potential to be successful in finance.
Chess helps in , Mr. Weinstein said. To become a good chess player, he learned to focus on how he made decisions because he could not calculate the results of all his possible moves. Learning to deal with that uncertainty or risk has been useful. When you make an investment, "you can have an 80 percent chance of being right. And then the 20 percent comes up," he said. "But really it is the process that you used to make the decision."
Other games of strategy are prominent in finance. Warren E. , the chief executive of Berkshire Hathaway, is an accomplished bridge player; and David Einhorn, president of , who bet against Lehman Brothers in 2008, finished 18th in the main event of the 2006 World Series of Poker.
"I don't think chess is usually going to get someone a job in finance," said Mr. Herman, who worked at for six years before joining Talpion. But the ability to play chess at a high level "is perhaps reflective of your approach to everything."