Showing posts with label character. Show all posts
Showing posts with label character. Show all posts

Friday, September 18, 2009

Checking For Charity Final Tally!!!!


Well folks the day has come to announce the final tally for the first annual Checking For Charity hockey event. It took a while for some of our corporate sponsors to pony up so to speak but we finally collected and counted all the money that we have raised for distribution to our 8 outstanding charities. The final take was an amazing $9,211.02! The $211.02 will be kept in the Checking For Charity account to account for ancillary costs and as a start for next season's costs. The $9,000.00 will be given to the charities via check presentation shortly. The breakdown is as follows as well as the charities that were represented:

5th place - 8th place - $900.00
4th place - $1080.00
3rd place - $1260.00
2nd place - $1440.00
1st place - $1620.00


The Hawks
Captain: Phil Corradino
Charity: Preeclampsia Foundation

The Seidens
Captain: Stu Seiden
Charity: The Children's Hospital of Philadelphia

Team Hardenbergh
Captain: Mitch Larnerd
Charity: Ed Snider Youth Hockey Foundation

Team Bramando
Captain: Justin Britton
Charity: The Barry Ashbee Foundation

West Deptford Alumni
Captain: Doug DeHart
Charity: Jarrett Jackmuff Memorial Fund

Paulie's Barrel Scrapers
Captain: Paul Caruso
Charity: The Living Heart Foundation

Team Endeavor Fitness
Captain: Shamus Savage
Charity: American Heart Association

The URI Alumni Team
Captain: Denny Locantore
Charity: Family Support Line

I could not be more proud of all the individuals who were a part of such a special weekend. We exceeded all expectations both monetarily and otherwise. I wrote a letter to my "Team MVP's" which is basically my term for the people who rallied around this thing to make it happen. The letter was to express my extreme gratitude and humility surrounding the whole experience. I quoted Ralph Waldo Emerson who said that,"whether by a healthy child, a garden patch or a redeemed social condition; to know even one life has breathed easier because you have lived. This is the meaning of success." I wrote them that quote because it embodied what our organization's ethos is all about. 'Our Goal Is To Assist' is our motto and we lived it with passion and integrity in our first event. Checking For Charity is committed to changing the world through competitive hockey events and I am just so proud that we have changed the world even if it is in some small way. To do it alongside the caliber of people who were a part of the event made it all the more special. Thank you all participants, volunteers, captains, charitable organizations, and team mvp's. You have made me a happy man!

Friday, August 28, 2009

Experience vs. Experiences


Recently my wife and I moved to Boston. Being in the Air Force I just show up and start my new job. Yeah I have to learn new things and get settled into a new routine, but I don’t have to actually go out and find a new job. My wife on the other hand had to start completely over. She was teaching in New Jersey, but with our move we thought it would be a great time to pursue one of her passions as a career. She has always been a fitness enthusiast so the thought of getting into the fitness industry was a natural transition. She decided to get her personal training license and begin interviewing for those type jobs. Despite having a degree from the University of Arizona in Physical Education, two years teaching experience, experience as a spinning instructor, a personal training certification, a life’s worth fitness activity all she heard throughout the majority of the interview’s was how they were hesitant due to her lack of experience. Besides being frustrating as hell, it really got me thinking about experience versus experiences and how people look at the two concepts.

Part of me can kind of understand where some of the people she interviewed with are coming from. I mean she had never had a personal training job before. She didn’t have experience doing that profession. What if she wasn’t any good at it and that person had hired her. They would have invested time, money and effort into an individual that just wasn’t cut out for that position. And most importantly, they would have delayed fulfilling their original goal; to fill a vacant position with a person who is the most qualified and competent for the job.

However, the other part of me can’t get over how blatantly off center this line of thinking is. Experience and experiences are different animals, and typically employers pay much more attention to the latter which, in my opinion, is the wrong approach. What does experience mean? Well it means that the applicant has familiarity with the position and it can be safely assumed that the individual has some basic knowledge of the duties to be carried out. Placing value on experience may well indeed save you time, effort, and money in the short run but is it the best strategy in the long run? I would argue no.

Think of it this way for a minute. By placing the emphasis on experience you are In essence blinding yourself to many other evaluation factors that are much more important and will have a much larger impact on your business’ bottom line. I can hire a person that has worked at McDonalds for 30 years and has only cooked fries the entire time (This is nothing against McDonalds. In fact I just read an article the other day that listed how many people had worked their way from cooking fries at Mickey D’s up to become CEO’s, late night talk show hosts, etc.). If I want a fry cooker tomorrow then placing emphasis on experience may be the way to go. However, if I want to hire the best employees to give my business the best chance of succeeding in a highly competitive environment then experience emphasis is obviously flawed. It’s kind of like the buggy whip analogy. The best buggy whip maker was probably making buggy whips (for horse and carriages) well into the mass production of model T’s. He probably did his craft better than anyone in the world at that time. But the automobile eventually put him out of business. He had a ton of experience that made him extremely competent at his specialized job, but that doesn’t mean I want to be him!

Maybe it’s because I have never officially hired anyone in my life. Maybe it’s because I am a naive “Gen Y’er” that is completely delusional. Or maybe, and this is a big maybe, I am not completely full of shit and once in a blue moon a decent original thought comes out of my head. I propose that weighting experienceS (emphasis) more than experience is a more effective way to surround yourself with people that will help you and your company succeed.

Let’s use my lovely wife as an example again. Personal training experience…none. But what experiences has she gone through that have shaped her to become a successful personal trainer and valuable team member to a company?

1. A proven ability to learn. She has a degree in a related field from a respected university. Just because you have experience as a trainer does not necessarily mean that you are educated in the science of the body. Do you want a trainer that tells you incorrect information?

2. Breadth. She has demonstrated success and results in multiple related fields. Whether it was teaching PE, instructing spinning, classroom teaching of health, or anything else on her resume there was a theme ever-present that she could succeed in different roles.

3. An ability to lead. Could you control 50 screaming pubescent middle school punks while they run around with hockey sticks in their hands? I would much rather go back to my Jr. hockey days and fight angry 6 foot 5 guys with hockey stick than try to control a bunch of kids with hockey sticks. She has taught spinning for numerous fitness levels.

4. Innovation and dedication. She created work out clubs before school for kids struggling with their weight. She did multiple after hours intramurals.

5. Personality. This may be the most overlooked and painful (in the long run) part of focusing primarily on experience instead of experiences. At the end of the day you need someone who you can work with. You need someone your customers will love and enjoy working with, especially in a service industry like the fitness industry. There are plenty of experienced assholes out there, and sadly their experience is probably enough to keep them gainfully employed in their niche until they finish out their days. You probably meet these experienced assholes on a daily basis whether it be at Kinkos, your local auto body shop, or even a large fitness center. Does the person you are interviewing have the personality, the aura about them, the 'it' factor that makes you think they will be a valued asset to the company in the position they are applying for? Or more importantly for a future position that isn’t available or even created yet?

I am sure there are numerous other traits that I haven't listed that are overlooked when you focus primarily on experience. However you get the point that there are a lot of benefits to looking beyond experience and on to someone’s experiences. Just continue to ask yourself "how has this person’s life and life experiences shaped them to be the perfect member of our team?" If you aren't asking yourself that question you are surely missing out on talent that could be the missing piece of your organization's puzzle.

Saturday, June 27, 2009

Investing Lesson - A Case Study


This article was featured on ESPN the other day, and although it is a sports article it teaches a valuable lesson about investing. The article talks about some current/former NHL players that are suing a developer for blowing their investment pool on lavish parties to entice higher profile and higher paid MLB players. Although the set up reeks of a classic Ponzi scheme, that's not why I chose to post this article. I chose to post this article not only because hockey is near and dear to my heart, but also to serve as an illustration of what happens when you violate one of the principle laws of investing basics.

A golf resort developer duped nearly two dozen NHL players out of $25 million, blowing the money on gratuitous parties that were attended by former Yankees players Roger Clemens and Reggie Jackson, according to a lawsuit filed Thursday.

The New York Post reported in Friday's edition that 19 former and current NHL players filed suit against Ken Jowdy, alleging they invested the money with the Las Vegas-based golf-course mogul to develop two luxury resorts in Mexico -- a project they say is seven years behind schedule.


One of Warren Buffett's favorite quotes is "Never invest in a business you cannot understand." I always try to remember that. I think that, in true Buffett fashion, his simplistic mantra is so insightful and all encompassing. In this scenario I would expand it to say don't invest in people you don't understand. If you aren't quite sure of someone's character or your gut is telling you don't invest, then don't. I am sure it is easier said than done and if it was me who made the mistake I'd be on BadskiBlog writing what I learned from the negative experience but simply put don't get blinded by the money or the prospect of making money.

Instead, according to the players, Jowdy squandered the money on "lavish parties" to impress the likes of Clemens, Jackson and banned hits king Pete Rose, among others, who Jowdy hoped would eventually buy real estate in the planned resorts.

The lawsuit seeks the return of the $25 million they invested and $15 million in damages.

Former New York Rangers and Islanders defensman Bryan Berard and one-time Islanders captain Michael Peca were hit the hardest, each losing $700,000 in the deal, according to the filing in Los Angeles County Superior Court.

"It's particularly uncomfortable for all," Berard told the Post. "He's taken our money without telling us, and it's supposedly all gone."

Other players involved in the alleged scam include: Chris Simon, who played for both the Rangers and Islanders; former Rangers Greg deVries, Steve Rucchin and Rem Murray; former New Jersey Devil Turner Stevenson; and Sergei Gonchar of the Stanley Cup champion Pittsburgh Penguins.


Sadly I don't think these guys will ever get a dime back. Everyone has the 'right' to enter into a poor agreement and it looks like that's what these guys did. The funny part is that if the $25M had been put in even a modestly aggressive asset allocation of low cost index and mutual funds they likely would have made, by all conventional definitions, a ton of money. When the majority of these guys were playing and in their money making primes was when the S&P was putting up a 10 year annualized return of roughly 19%. Instead of making money incredibly complicated they should have kept it simple and used the advantage they had, which was large amounts of money to invest with. A sad story but a great learning experience for the rest of us.

Wednesday, June 17, 2009

Living The Dream - Old Time Hockey


These guys are awesome! Check out this article I found on CNN and watch the video below. I used to dream of playing in the Stanley Cup finals but since my competitive career has ended my new dream is to ‘grow up’ to be one of these guys. Who knows, with me moving up to Boston I could be playing with these guys sooner than I'd like. You gotta love all the great one liners these guys throw around. I think it just shows that most hockey guys are the same everywhere or at every age for that matter. I also love that they actually admit to having some geriatric fisticuffs on the ice….classic!

In the 16 years of the Bald Eagles' existence, Lyons says, there may have been one or two skirmishes. "We can't hit very hard," he adds.


I think these old timers sum up what the game is really all about. Hockey is all about being surrounded by great human beings. I really miss playing the game competitively and all the things that come with playing at a high level, but what I miss the most is being surrounded by 25 of my best friends traveling the world and experiencing things not many people get to experience. To this day I still have more fun hanging out with the guys than I do playing in the men's league games. Not to mention its a great network to be a part of. It's always a good thing to be part of group of great people that come from and do a variety of things.

Besides staying in shape, there are other reasons they show up. Says Dick Lyons: "Most of us miss the social dimensions of work, and this kind of compensates in a small way for that kind of camaraderie."


This is why I love sports and am such a huge proponent of what they represent. You can learn everything you need to learn in life through your experience in sports. Sports maintain that childlike idealism in us and we are whisked away for a quick glimpse of the world and what it is capable of being. To the world where things just feel right. Beauty story....

Sunday, March 22, 2009

Air Force Hockey Update


The Air Force Academy Falcons hockey team won their third straight Atlantic Hockey Championship on Saturday night. I am really happy to see my old team dominating and once again getting a chance to play at the NCAA tournament. You can read the full article here. 

I am often asked if I am upset at the fact that team has gone to the tournament each of the three years after I graduated. The first thing I say is thanks for rubbing it in! Next I tell them I can honestly say that I am not. I have an eternal bond with every guy I played with over the course of my four seasons at the Academy and knowing that they had the chance to experience something like that makes me very happy. Am I disappointed that I never got the chance. Of course I am. I wouldn't be a competitor if I wasn't disappointed. The two seasons I served as Captain are particularly difficult to swallow because I take added responsibility for not materializing a championship. 

But being disappointed that we never made it to the Frozen Four tournament while I was there does not taint the great feeling I have regarding my time playing division I hockey for the Air Force Academy. I played at Air Force during an interesting era and during a time when the team really began to turn the corner competitively. In the article I linked to above there is a quote by head coach Frank Serratore that really struck me. He said, "I am humbled to be part of this team and what they have done. We have some great players, great competitors and some great people." 

This is not an isolated quote. This is something Frank cites often and it is something that I attribute to the strength and growth of the program. The team is built around character guys. Being a service academy there are certain standards that shape the kinds of people that attend the school, generally for the better. However, I must call the baby ugly a bit here. Everything is relative and there are some people who are just better human beings than others, and the Air Force Academy is no exception. This is where the hockey team separates itself from other programs at the school. All the guys are world class guys. Period. Just world class guys. They are overachieving guys that sell out for the good of the team. Culture is contagious and Frank has built a culture that has strengthened the program. The success has snowballed and will likely continue to do so. The team is bound by the same entry requirements of every other program at the academy, and while others cite that as a limiting factor, Frank and the guys on the team treat it as the core competency of their team. We didn't, and I am sure they still do not, have the time, the patience or the effort necessary to deal with people who were not of the caliber character-wise of the rest of the team. 

Being a part of the rebuilding of that program and, maybe a little selfishly, taking pride in the fact that I in some way contributed to the success of some of the teams to come after me is a very rewarding feeling. Some people can't and won't ever be able to understand that feeling and it is fairly hard to describe. But I think it is similar to the innate human desire to leave the world a little better for your kids than it was for you. Hopefully this team takes the program a step farther than the last and knocks off Michigan next weekend in the NCAA tournament. Good luck boys.