Peter Kaufman restructures distressed assets as an investment banker and takes a businessman’s approach to America’s latest Ryder Cup rout in Europe.
In it he spawns a spectacular phrase that will make Patrick Reed happy, assuming he reads MorningRead.com.
1. End crony captain-ism. Let’s stop the parade of old PGA Tour players as captains. No more, Whose turn is it? Or, Which of my buddies do I want to hang around with in Paris? I hate to pick on U.S. captain Jim Furyk – he seems like a nice-enough fellow – but he is the most recent glaring example of what needs to change.
Furyk chose his pals Phil Mickelson and Tiger Woods as captain’s choices, and it’s clear that they had huge influences on everything Furyk did, or did not do. They are a combined 90 years old (really). They also are ranked Nos. 1 and 2, respectively, in the category of Most Ryder Cup Points Lost in History.
But they are “very experienced”! Very experienced at losing, actually. The definition of insanity is doing the same thing over and over again, and expecting a different result. Their losing Ryder Cup scar tissue has scar tissue on top of scar tissue. They just do not play nicely with others. That is not a recipe for success.