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

  • The link between financial literacy and physician burnout

    Hayley Gates & Ketan Kulkarni, MD
  • Building a practice and avoiding business pitfalls

    David B. Mandell, JD, MBA
  • Why can’t finding a doctor job be like Zillow?

    Rob Anderson, MD
  • Choosing a retirement plan for your medical clinic

    Paul Morton, CFP
  • What is financial therapy for physicians?

    David B. Mandell, JD, MBA
  • Create your own financial vision for independence

    Michael Lynch, CFP and Alisa Olsen, CFP
  • Most Popular

  • Past Week

    • Why doctors are losing the health care culture war

      Rusha Modi, MD, MPH | Policy
    • The hypocrisy of insurance referral mandates

      Ryan Nadelson, MD | Physician
    • A cancer doctor’s warning about the future of medicine

      Banu Symington, MD | Physician
    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • How physician obesity affects patient care

      June Pomeroy, RN | Conditions
    • A doctor’s promise after a patient’s suicide

      Vikram Madireddy, MD | Physician
  • Past 6 Months

    • Rethinking the JUPITER trial and statin safety

      Larry Kaskel, MD | Conditions
    • The ignored clinical trials on statins and mortality

      Larry Kaskel, MD | Conditions
    • How one physician redesigned her practice to find joy in primary care again [PODCAST]

      The Podcast by KevinMD | Podcast
    • I passed my medical boards at 63. And no, I was not having a midlife crisis.

      Rajeev Khanna, MD | Physician
    • Why doctors must fight for a just health care system

      Alankrita Olson, MD, MPH & Ashley Duhon, MD & Toby Terwilliger, MD | Policy
    • The silent disease causing 400 amputations daily

      Xzabia Caliste, MD | Conditions
  • Recent Posts

    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • A surgeon’s reflections on God, intelligence, and being a good cell in the universe [PODCAST]

      The Podcast by KevinMD | Podcast
    • A doctor’s tribute to her father

      Manisha Ghimire, MD | Physician
    • Can AI help physicians tackle health care’s most pressing challenges?

      Microsoft & Nuance Communications | Sponsored
    • The link between financial literacy and physician burnout

      Hayley Gates & Ketan Kulkarni, MD | Finance
    • Treating autism and ADHD as a spectrum, not a contradiction

      Ronald L. Lindsay, MD | Physician

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 doctors are losing the health care culture war

      Rusha Modi, MD, MPH | Policy
    • The hypocrisy of insurance referral mandates

      Ryan Nadelson, MD | Physician
    • A cancer doctor’s warning about the future of medicine

      Banu Symington, MD | Physician
    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • How physician obesity affects patient care

      June Pomeroy, RN | Conditions
    • A doctor’s promise after a patient’s suicide

      Vikram Madireddy, MD | Physician
  • Past 6 Months

    • Rethinking the JUPITER trial and statin safety

      Larry Kaskel, MD | Conditions
    • The ignored clinical trials on statins and mortality

      Larry Kaskel, MD | Conditions
    • How one physician redesigned her practice to find joy in primary care again [PODCAST]

      The Podcast by KevinMD | Podcast
    • I passed my medical boards at 63. And no, I was not having a midlife crisis.

      Rajeev Khanna, MD | Physician
    • Why doctors must fight for a just health care system

      Alankrita Olson, MD, MPH & Ashley Duhon, MD & Toby Terwilliger, MD | Policy
    • The silent disease causing 400 amputations daily

      Xzabia Caliste, MD | Conditions
  • Recent Posts

    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • A surgeon’s reflections on God, intelligence, and being a good cell in the universe [PODCAST]

      The Podcast by KevinMD | Podcast
    • A doctor’s tribute to her father

      Manisha Ghimire, MD | Physician
    • Can AI help physicians tackle health care’s most pressing challenges?

      Microsoft & Nuance Communications | Sponsored
    • The link between financial literacy and physician burnout

      Hayley Gates & Ketan Kulkarni, MD | Finance
    • Treating autism and ADHD as a spectrum, not a contradiction

      Ronald L. Lindsay, MD | Physician

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...