“The number of MBA-dedicated yachts expanded from 12 in 2019 to 95 in 2021, according to Day 8. These year there were 42 M.B.A. boats carrying roughly 500 people, according to the company. HBS students alone booked 28 yachts that took part in the festivities, up from 20 in 2021. Photos posted on Instagram last month showed some Yacht Week attendees in matching white hats with the HBS crest and a sailboat. Students from Stanford’s Graduate School of Business and Tuck came aboard, too, according to Day 8.”

WSJ

I won’t bother you with more details of these libations since most of us are more concerned with the price of meat going up by 9% this year but remember: these are your future leaders.

They ask that you don’t call them “fats cats”. “Slurpy cats” ?

To the futures Chairmen and Chairwomen of Goldman Sachs, I will tip my hat ! And get that venture capital money for your app-for-hangovers ready, people !

Until next time,

Your Man,

Max Cantor

The Principles:

-There’s no such thing as a “former marine”. (not a principle in the book, but another worthy insight)
-It is not necessary to fight every battle that presents itself.
-Take a stand.
-Be the expert. Operational area expertise is in high demand.
-Know the enemy. Expanding this, I’d say know the target, their motivations, goals
-Know what the terrain is worth before fighting.
-Know yourself. What are your greatest assets ? Expertise
-Control the timing
-Take the higher ground
-It’s an interconnected world -see the entanglements
-Trust and Verify
-Luck is not a plan

Source: Marlin & Associates

Adding to Marlin’s words of wisdom.

“In order to win you must be prepared to lose sometime. And leave one or two cards showing” (Van Morrison). I say: In order to win…by prepared to lose it all. Some might be familiar with Hugh Hendry, the infamous hedgie founder of Ecletica Asset Management and his astonishing comeback. Most recently, Hendry bet on Brexit and the breakup of the EU. A famous bear who turned bearish is an example of courageous betting.

Why the lottery mention in the post title? Because even at the ridiculous target of winning a lottery it pays to stick to your guns.

 “Richard Lustig claims that through trial and error he taught himself how to win the lottery. And with 7 wins to his name it is difficult to believe that he is lying or merely disillusion.” (via Lottery Winning.)  Lustig says “a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the “quick-pick” ticket option.”  (via CBS News)

Are you “picking your own numbers” today or someone else’s ?