Skip to content
  • About
  • Contact
  • Contribute
  • Book
  • Careers
  • Podcast
  • Recommended
  • Speaking
  • All
  • Physician
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • Video
    • All
    • Physician
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • Video
    • About
    • Contact
    • Contribute
    • Book
    • Careers
    • Podcast
    • Recommended
    • Speaking

A physician’s first lesson in business

DocG, MD
Finance
June 14, 2018
Share
Tweet
Share

The trap had been set.  I arranged my baseball cards in the three boxes that I had arranged in a circle around my bedroom floor.  I checked again to make sure that anything of value had already been packed away in the dresser drawer in the closet.  Bill’s mom would be dropping him off in a few minutes.  I salivated as I thought about the bundles of cards he would lug up the stairs to my room.  I had spied his best material the week before.  He had a smattering of rookie cards as well as the old standbys.  I had my eye on his Don Mattingly.  Assuming that it wasn’t damaged in transfer, the card was in pristine condition.  Of course, I could have forked out the ten bucks and bought it from a  dealer, but I figured that Bill didn’t even know the difference.  Not being a collector, he was much more interested in our foundering Cubs players.  Taking candy from a baby.  My first lesson in business.

The art of deception

Bill couldn’t believe his luck.  He looked at the pile of cards stacked in front of his knees as he sat cross-legged in front of me.  He had all nine Cubs starters.  Before making a decision, he pushed each player into an imaginary diamond in front of him.  The outfielders on the periphery protecting their pretend wall of ivy.  Across from him, I sat with just one.  The Don Mattingly rookie card.

I waited patiently.  From working deals with collectors much more savvy than Bill, I knew that you couldn’t rush a trade.  Appearing too anxious could tip the other side off that you thought you were getting too good a deal.  And this was going to be a whopper of a deal.  The rookie could be sold and used to buy hundreds of lousy Cubs players.

Bill pondered for a few moments and then a twinkle formed on the periphery of his glassy eyes.  He grabbed his nine cards and placed them carefully into the box containing the rest of his mediocre collection.

I placed my card on the sideboard next to my bed.  Once Bill left, I would find a suitable plastic case to protect it.

The art of deception.  My first lesson in business.

No regrets

Bill’s mom came a few hours later to pick him up and shuttle him back home.  By then we were immersed in role-playing the latest episode of GI Joe with our action figures.  We imitated the various characters voices and moved the figurines to and fro.  All the while, my eyes would wander up to the nightstand and glimpse the beautiful piece of cardboard that was now mine.

Bill’s mom helped him gather his toys and cards, and made a gentle attempt at tidying any disarray she imagined had to do with her son.  Before leaving, she looked at Bill sternly.

You didn’t make any unfair trades, did you?

Bill’s cheeks turned a rosy red as he sheepishly answered his mother.  I averted my eyes for a moment but recovered quickly.

No regrets.  My first lesson in business.

The telltale heart

I slept poorly night after night.  I kept hearing Bill’s moms words over and over.  The pink of his cheeks as he squirmed through the answer.  It was only later that it hit me.  Bill, unaware as he was, probably thought that he had taken advantage of me.  In his untrained mind, he figured that he got nine cards and I only got one.

I pictured him tossing and turning in bed similarly.  Feeling bad and not knowing that I had, in fact, plotted out the whole playdate to get my hands on that one card.

ADVERTISEMENT

We passed each other in the playground during lunch period.  Each of us averted our eyes for similar reasons.  We both realized that something dishonest had occurred.  Both of us felt guilty.

My first lesson in business.  The taste of victory is tainted by dishonesty.

Sliding doors

I could tell you that I kept the card, walked away from our friendship, and rarely talked to Bill ever again.

Or, I could say that I invited Bill over the next week.  Made a foolish trade, returning to him the Mattingly in a lavish protective case, and accepted some horrendous grouping of the St Louis Cardinals infielders.

I’ll let you decide which ending you like better.

But I will share with you my first lesson in business.

It feels much better when all parties walk away from negotiations winning.

“DocG” is a physician who blogs at DiverseFI.

Image credit: Shutterstock.com

Prev

Am I the cold and detached physician?

June 13, 2018 Kevin 2
…
Next

More equitable health care starts with you

June 14, 2018 Kevin 5
…

Tagged as: Practice Management

Post navigation

< Previous Post
Am I the cold and detached physician?
Next Post >
More equitable health care starts with you

ADVERTISEMENT

More by DocG, MD

  • Financial independence should be peaceful

    DocG, MD
  • Fads in medicine and in personal finance

    DocG, MD
  • Being a doctor matters less to this physician

    DocG, MD

Related Posts

  • A physician’s addiction to social media

    Amanda Xi, MD
  • How a physician keynote can highlight your conference

    Kevin Pho, MD
  • Chasing numbers contributes to physician burnout

    DrizzleMD
  • The black physician’s burden

    Naomi Tweyo Nkinsi
  • Why this physician supports Medicare for all

    Thad Salmon, MD
  • Embrace the teamwork involved in becoming a physician

    Nathaniel Fleming

More in Finance

  • Physician practice ownership: risks, rewards, and reality

    Paul Morton, CFP
  • Smart asset protection strategies every doctor needs

    Paul Morton, CFP
  • Why taxing remittances harms families and global health care

    Dalia Saha, MD
  • A physician employment agreement term that often tricks physicians

    Dennis Hursh, Esq
  • Why hospital jobs are failing physicians: burnout, pay, and lost autonomy

    Justin Nabity, CFP
  • Decoding your medical bill: What those charges really mean

    Cheryl Spang
  • Most Popular

  • Past Week

    • Why your clinic waiting room may affect patient outcomes

      Ziya Altug, PT, DPT and Shirish Sachdeva, PT, DPT | Conditions
    • Nuclear verdicts and rising costs: How inflation is reshaping medical malpractice claims

      Robert E. White, Jr. & The Doctors Company | Policy
    • How new loan caps could destroy diversity in medical education

      Caleb Andrus-Gazyeva | Policy
    • Why transplant equity requires more than access

      Zamra Amjid, DHSc, MHA | Policy
    • The ethical crossroads of medicine and legislation

      M. Bennet Broner, PhD | Conditions
    • How robotics are transforming the next generation of vascular care [PODCAST]

      The Podcast by KevinMD | Podcast
  • Past 6 Months

    • Health equity in Inland Southern California requires urgent action

      Vishruth Nagam | Policy
    • Why transgender health care needs urgent reform and inclusive practices

      Angela Rodriguez, MD | Conditions
    • How restrictive opioid policies worsen the crisis

      Kayvan Haddadan, MD | Physician
    • New student loan caps could shut low-income students out of medicine

      Tom Phan, MD | Physician
    • Why pain doctors face unfair scrutiny and harsh penalties in California

      Kayvan Haddadan, MD | Physician
    • mRNA post vaccination syndrome: Is it real?

      Harry Oken, MD | Conditions
  • Recent Posts

    • How robotics are transforming the next generation of vascular care [PODCAST]

      The Podcast by KevinMD | Podcast
    • The high cost of gender inequity in medicine

      Kolleen Dougherty, MD | Physician
    • Mpox isn’t over: A silent epidemic is growing

      Melvin Sanicas, MD | Conditions
    • How your family system secretly shapes your health

      Su Yeong Kim, PhD | Conditions
    • Women physicians: How can they survive and thrive in academic medicine?

      Elina Maymind, MD | Physician
    • The human case for preserving the nipple after mastectomy

      Thomas Amburn, MD | Conditions

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

Leave a Comment

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

ADVERTISEMENT

  • Most Popular

  • Past Week

    • Why your clinic waiting room may affect patient outcomes

      Ziya Altug, PT, DPT and Shirish Sachdeva, PT, DPT | Conditions
    • Nuclear verdicts and rising costs: How inflation is reshaping medical malpractice claims

      Robert E. White, Jr. & The Doctors Company | Policy
    • How new loan caps could destroy diversity in medical education

      Caleb Andrus-Gazyeva | Policy
    • Why transplant equity requires more than access

      Zamra Amjid, DHSc, MHA | Policy
    • The ethical crossroads of medicine and legislation

      M. Bennet Broner, PhD | Conditions
    • How robotics are transforming the next generation of vascular care [PODCAST]

      The Podcast by KevinMD | Podcast
  • Past 6 Months

    • Health equity in Inland Southern California requires urgent action

      Vishruth Nagam | Policy
    • Why transgender health care needs urgent reform and inclusive practices

      Angela Rodriguez, MD | Conditions
    • How restrictive opioid policies worsen the crisis

      Kayvan Haddadan, MD | Physician
    • New student loan caps could shut low-income students out of medicine

      Tom Phan, MD | Physician
    • Why pain doctors face unfair scrutiny and harsh penalties in California

      Kayvan Haddadan, MD | Physician
    • mRNA post vaccination syndrome: Is it real?

      Harry Oken, MD | Conditions
  • Recent Posts

    • How robotics are transforming the next generation of vascular care [PODCAST]

      The Podcast by KevinMD | Podcast
    • The high cost of gender inequity in medicine

      Kolleen Dougherty, MD | Physician
    • Mpox isn’t over: A silent epidemic is growing

      Melvin Sanicas, MD | Conditions
    • How your family system secretly shapes your health

      Su Yeong Kim, PhD | Conditions
    • Women physicians: How can they survive and thrive in academic medicine?

      Elina Maymind, MD | Physician
    • The human case for preserving the nipple after mastectomy

      Thomas Amburn, MD | Conditions

MedPage Today Professional

An Everyday Health Property Medpage Today
  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

Leave a Comment

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...