The quote highlights the intellectual satisfaction that comes from accurately predicting stock movements, similar to a successful chess strategy. This comparison suggests that there is a certain elegance and strategy involved in investing, much like the precision required in a chess game. Making the right moves in the stock market can provide a deep sense of achievement and clarity of thought.

The author, Roger Lowenstein, delves into Warren Buffett's journey as an investor, exploring how his decisions are often underpinned by strategic thinking and analytical rigor. Just as a chess master evaluates various outcomes before making a move, Buffett's investment choices reflect careful calculation and foresight, exemplifying the art of investing as both a science and a form of intellectual challenge.