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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies
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From: dvdw©2/17/2008 2:25:04 PM
of 3821
 
Vince Fulco writing at Daily Speculations points out this insight which is well worth holding dear.

Vince Fulco agrees:
In his latest book, GM Gary Kasparov harps on this point.

"One interesting, and humbling thing I've noticed while analyzing my own games for publication is how poor some of the ideas I prepared really were…Only a fraction of these ideas ever saw the light of day, either because my opponent didn't fall into my trap or because I found a better variation to play. Now I see that in many cases that was not a bad thing….This kind of preparation served me well in a way I never quite appreciated while I was working on it with such determination. These periods of intense preparation were rewarded with good results–even when I didn't end up utilizing the fruits of my labors. There was an almost mystical correlation between work and achievement, with no direct tie between them.
There is also a practical benefit to "wasted" effort. Work leads to knowledge, and knowledge is never wasted…"

dailyspeculations.com
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