Saturday, November 23, 2013

End of an era as Carlsen wrests chess world title from Anand

PTI
FP  Nov 22, 2013
Anand vs Carlsen Game 10: All the moves explained
I was simply unable to execute my strategy: Anand
Anand vs Carlsen Game 10 as it happened
Five-time title-holder Viswanathan Anand’s reign as the world champion came to a heart-breaking end today with Norway’s Magnus Carlsen taking the crown after a hard-fought draw in the 10th game of the World Chess Championship match, which ended in Chennai today.
Carlsen, who will be 23 years on 30th November, closed the championship with two games to spare by taking his tally to required 6.5 points out of a possible ten, winning three and drawing seven games.
In what could be marked as the dawn of a new era in the chess world, Carlsen showed stellar effort yet again by not going for a tame draw when one was enough for him to take the title home.

Instead, the Norwegian made Anand suffer for a long and gruelling four hours and forty five minutes before the Indian could heave a sigh of relief in what was the most one-sided world championship match in modern history.
Anand had won the world championship title five times – 2000, 2007, 2008, 2010, 2012 — but ironically was dethroned in his home town of Chennai.
Anand had won the world championship title five times — 2000, 2007, 2008, 2010, 2012 — but ironically was dethroned in his home town of Chennai. PTI
In a dubious first, this was the only time that Anand failed to win a single game in a world championship match.
Starting with his journey in 1991, Anand had always scored at least one victory in each of the match that he played in the last 22 years.
Carlsen, was in his elements right through the tenth game getting what he wanted out of the opening and then pursuing on his favourite mission on grinding out opponents. Anand this time did not collapse and came up with the fantastic defense he is known for to steer the game to a draw.
Anand, on expected lines, employed the Sicilian defense and faced the Moscow variation that Carlsen had employed before.
There were no surprises earlier as both players opted for routine theory and it was a Maroczy bind structure on board after Carlsen came up with a check on move three, parting with his light squared Bishop for a Knight.
On move 14, Carlsen took back Anand’s light Bishop to even things up and it was again a slow grind thereafter that has been a hallmark of Carlsen’s play in this match.
With two minor pieces off the board, the position had only a minuscule advantage for white but Carlsen did not go for the draw. It was on the 21st move that many pundits believed both players will be happy to repeat moves — Carlsen for obvious reasons and Anand because there was not much hope. However, the Norwegian was the first to deviate from a possible repetition.
Anand found some solace after trading another set of minor pieces but the pressure remained on the Indian. Carlsen went for his final liquidation plan on the 28th move when he pushed his king pawn to fifth rank. Anand temporarily parted with a pawn and recovered it some moves later but this led the game to a pure Knight and pawns endgame.
To make matters worse for Anand, Carlsen retained his small advantage as his King quickly walked over to the king side and penetrated the fifth rank. Anand’s Knight and King were confined to the defense and to stop further damage.
The players reached the first time control in just three hours when 40 moves were completed but by then it was also clear that either Carlsen will win or it will be a draw. In either case Anand’s campaign was coming to an end and it was a pretty unpleasant task for the five times world champion.
As the game progressed both the players were engrossed in their own ways. Anand showed some signs of nervousness while Carlsen at one point leaned like ‘the Crocodile’ he wants to be if he was an animal — relaxed but ready to eat the prey when they came its way.
The situation took another dramatic turn on the 46th move when Carlsen sank in to a long thought. The Norwegian looked at the possibilities of sacrificing his last remaining pieces and this is what he did a couple of moves later. In return, Anand lost all his pawns and the players promoted new queens on the board.
Anand had an extra Knight but Carlsen had Queen and a couple of dangerous looking pawns on the queen side. Finding just the right moves, Anand forced an exchange pretty soon leading to a forced draw. The epic lasted 65 moves.
Apart from the winning the title, Carlsen will also take home 60 per cent of around Rs. 14 crore as part of his winner’s purse.

‘Right’ brained financial adviser

Shyamal Banerjee/Mint
Shyamal Banerjee/Mint

Mint :Lovaii Navlakhi :Thu, Nov 21 2013. 06 06 PM IST
The financial planning profession is indeed noble. Advisers help clients meet their life goals by removing worries associated with money required for the goals. This certainly requires multiple skills. Technical skills to make complex calculations seem simple; economic skills to know the right numbers to plug in for inflation estimates and projected returns; sociology skills to determine life expectancy.
As they meet more and more clients, these skills get honed and the adviser gains confidence and strengthens her convictions. At the same time, they find that their biggest issue is to get clients to implement the financial plans even after their acceptance of the plans chalked out for them.
For most people, personal finance is an acquired skill—it is not taught in schools. Money management is important to each one of you; but most often, you do not want to spend time and effort working on this skill. Because these skills are difficult to test, the learnings tend to be experiential rather than formal. They may not necessarily be applied correctly.
For example, you may implement diversification by employing multiple advisers without understanding that each of them is investing your money in the same products and in fact, creating greater concentration in your portfolio.
So, does this gap between the communication of the financial plan by the adviser and the implementation or acceptance of the plan by the client exist because advisers are unaware of what clients truly want? In a white paper,Qualities of a Financial Advisor, published by Beddoes Institute’s Leading Practices Program in Australia last year, 82% of respondents chose interpersonal skills (communication, building rapport, caring about clients, understanding needs, listening and empathy) as the most important quality that they sought in their adviser.
Surprisingly, technical skills, knowledge, service and quality information and advice each got a score of under 20%. Just goes to show that while advisers are flaunting their left brain expertise, clients are seeking right brain skills.
It is then about time that financial advisers divert their attention from ‘how’ the goals will be achieved to determining the ‘why’ that drives clients. These softer skills have been appropriately highlighted at the Annual Financial Planning Association conferences that I have attended over the past five years in the US—this drove me to enrol for the certified financial transitionist course recently.
Some of the questions that were raised at a workshop earlier this month asked if we as advisers understood the learning style that our clients followed. If they preferred the auditory style, but our delivery was in visual form, no wonder we often felt “they don’t get it”! (Possibly the client felt the same way about us.)
Asking a few clients about their communication preferences has been an eye-opener: understanding how they prefer to be told, if at all; has suddenly made me appreciate why some clients were faster at responding to recommendations than others, for example.
There were times when I have been trying to get my clients to take the next steps quickly—“because it was for their own good, and they didn’t even know it!”—whereas all they needed was a decision-free zone: a time to proactively keep away from taking any decisions that were not important.
Don’t we sometimes face this in our day-to-day life? As soon as we are able to push these interfering, non-essential decisions out of our mind, and focus on the important ones, we feel totally in control.
We recently acquired a client for financial planning after some effort and time. She was happy to share all her financial details as well as her goals, especially since we had a couple of good references. She got a fixed salary; her husband was self-employed, but not quite sold on the idea of financial planning.
With his income details missing, our planning team was unable to make headway as monthly cash flows were negative. The left-brained financial planner said that the plan could not be made, and that the goals were unachievable. All it required was a conversation with the lady to understand that her income was mainly to ensure her retirement goal, and for us to calculate the annual income that he would need to provide for in order to the meet the other goals that he was responsible for. The clients that we consider in the A+ category are really those that we enjoy spending time with, and look forward to meeting.
 A deeper analysis will indicate that we have been able to connect with them emotionally—with the right side of our brain. While we learn our technical skills from our qualifications, it is time that we together raise the bar for advice in India by focusing on acquiring ‘right’ brain skills. A study shows that the main reason why clients do not follow advice is because of the way it is delivered. By understanding how to make clients more receptive to their recommendations, financial advisers will ensure that their financial planning expertise is implemented.
Lovaii Navlakhi is founder and CEO, International Money Matters Pvt. Ltd.

Bullish Novermber : I am an optimist.It does not seem too much use being anythig else.



Bullish Novermber :
 I  am an optimist.It does not seem too much use being anythig else.

The Spirit of Thiruvalluvar :அருமை உடைத்தென்று அசாவாமை வேண்டும்




திருக்குறள் 

பொருட்பால்
அரசியல் 
அதிகாரம் 62
ஆள் வினை உடைமை 
குறள்  : 611

அருமை உடைத்தென்று அசாவாமை வேண்டும் 
பெருமை முயற்சி தரும்.

நம்மால் முடியுமா என்று மனத்தளர்ச்சி அடையாமல்,
முடியும் என்ற நம்பிக்கையுடன் முயற்சி செய்தால்
அதுவே பெரிய வலிமையாக அமையும்..
Say not, 'Tis hard', in weak, desponding hour, 
For strenuous effort gives prevailing power.

  • திருக்குறள் மூலத்தை முதன் முதலில் அச்சிட்டவர்- தஞ்சை ஞானப்பிரகாசர்