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Searching for Bobby Fischer at Danvers

By Tim Melvin

 About this article:
 People love stock market analogies. I hear the market compared to poker, baseball and just about everything in between. My favorite analogy is that the market is a lot like a chess match: To be a good chess player, you have to be able to think several moves ahead and be aware of not just your position and thoughts but try to decipher your opponent's as well. The responses on your part will strengthen your position. That sounds a lot like investing in the stock market. I know what I want to do when I sit down at the desk every morning: I want to find very cheap stocks that I can buy with a high margin of safety and own for years. Hopefully I am getting paid dividends along the way. I look for stocks that are overvalued relative to assets and prospects and try...

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