The truth is that throughout my careers in both chess and the martial arts, I often knew that my rivals were more naturally gifted than me - either with their mental machines or their bodies. But I have believed in my training, my approach to learning, and my ability to rise to the challenge under pressure.

One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.

The moment we believe that success is determined by an ingrained level of ability as opposed to resilience and hard work, we will be brittle in the face of adversity.

In America, people focus on the end result; they focus on the star.

We learn by pushing ourselves and finding what really lies at the outer reaches of our abilities.

Initially I was very drawn to the Tao Te Ching, the Taoist philosophy. It was helping me deal with the balance of these external and internal issues with my chess life. Tai chi is the martial embodiment of Taoist philosophy. Initially, I had no intention of competing in the martial arts; it was just the meditation.

The key to pursuing excellence is to embrace an organic, long-term learning process, and not to live in a shell of static, safe mediocrity. Usually, growth comes at the expense of previous comfort or safety.