In the game of chess, Knights and Bishops are two important pieces that can play a significant role in the outcome of the game. Each piece has its own unique strengths and weaknesses, and the choice between them often depends on the specific situation and position of the pieces on the board. Knights are valued for their ability to jump over other pieces and reach squares that other pieces cannot. This makes them particularly effective in certain positions, such as when they are placed on outposts or when they are used to attack the opponent's pawn structure. On the other hand, Bishops are valued for their ability to control the diagonals and exert pressure on the opponent's pieces. In this video, GM Ramesh explains the concepts through an illustrative game played in 1973 between Torre Eugenio and Jacobsen Ole.