When Genius Failed

I finished reading this last week and have delved into `Why Life imitates Chess' by Gary Kasparov. I haven't had a chance to write about it because of Stuart and my search into the world of vegetarianism.

I have heard of the book for a while and knew the basic story so this was just filling in the gaps.

Not sure who this quote is from but I have heard it many times:

The market can remain irrational longer than you can hold onto your job.

Long-Term Capital Management (LTCM) put together what they thought was a sound theoretical model and on the back of two future Nobel Prize winners and a famous formula proceeded to make lots and lots of money... and then blew it very very quickly.

If anything the book just served as a reminder to never just accept someones opinion just because they are `cleverer' or `more experienced' than you. It doesn't matter how many books you have read on a topic, or how many degrees you have... or even if you invented the topic, in 50 years time (or less or more) people will likely look on your arguments as fatally flawed.

It is very very difficult (if possible) to `crack' anything.

SO be your own biggest critic.