![]() It’s best to regularly win by a little bit than flip flop between winning by a lot and loosing by a lot. The greed to win by a lot must always be balanced by a healthy scepticism. Affected individuals begin to think it’s ok to ignore the opposition because ‘I saw something over there’ or ‘I was still lifted’. Feeling overly good about one’s position can be detrimental and lead to the mental condition ‘sudden situational over-confidence’. Many displays of greed are seen when people find themselves in the lead. ![]() TNZ had Oracle on the ropes and should have been greedier to nail home their advantage. The Cup rules stated that one team could request a lay day, but the other also had to agree. Similarly, if you think of greed as a high level desire to win, then it’s fair to say that Team New Zealand were not greedy enough when they agreed to a lay day requested by Oracle in the last America’s Cup. The northern area of Lake Garda in Italy is a commonly given example where boats often do best by banging the right corner.Īnd there are many other race courses where tidal and geographic effects mean that a singular focus on doing what’s needed to rapidly get to one side of the course will yield success. There can be race courses where hitting a corner is everything. However, Gecko does have a point about greed helping to clarify. There’s plenty of evidence that better tactical and strategical decision making will occur when emotions are kept in check. I can picture Gordon Gecko, the fictional stockbroking character in the 1987 movie Wall Street, had read that Walker chapter and then gone sailboat racing, hitting the right corner.Ĭlearly, Gecko frames Greed in a motivational way, while Walker prefers to keep motivation out of it. Greed, in all of its forms greed for life, for money, for love, knowledge, has marked the upward surge of mankind…”. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. “Greed, for lack of a better word, is good. ![]() When you’ll well behind in a race and are running out of time to recover to an acceptable position, then you should be more risky.īut after risking big, and you suddenly find yourself in a position you are happy to accept then it does not make little sense to risk more to gain further – that would be greedy!Īctually, instead of saying ‘risk’ we should use the term ‘reckless’, meaning that the latter is less calculating and less measured. So, risks need to be calculated and based upon rational assessment. … Greed is unrealistic, irrational, a belief that because success is desired it is obtainable, regardless of the risks involved.” – Stuart Walker “Greed obscures an accurate assessment of the risks and blocks a rational choice.
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