Can You Learn Anything From a Yacht Race? | BTalk Australia

Last Updated Dec 28, 2009 1:34 AM EST


(Episode 402; 4 minutes 51) Every year yachting enthusiasts and racing professionals chart the 1,170 kilometre (630 nautical mile) course from Sydney to Hobart, Tasmania.

Success depends in part on the craft and there's no doubt that engineering and design are providing advances that serious participants needs to embrace if they are to stand any chance in winning.

On the other side there's determination. It's no coincidence then that many skippers have a track record in business as well as on the water. Neville Crichton, for example, drove success in the automotive industry in his native New Zealand, then Hawaii, before developing one of the major vehicle import businesses in Australia. He's the skipper of the Alfa Romeo Maxi yacht.

Earlier this year I spoke to Ed Psaltis. By day a chartered accountant, Ed is the skipper of the AFR Midnight Rambler. The yacht might be a long way down the ranking this year, but in 1998 it was the winner. That was the year that a fierce storm hit the race, with only 44 of the 115 boats making it to Hobart.

So what was it that made Ed and his team so successful that year? Did luck have anything to do with it? As you'll hear in this episode of BTalk Australia, featuring Ed Psaltis and Paul Kessler (from the Syncretics Group) luck can often be over-rated.

Hear more from Ed and Paul on these previous episodes of BTalk Australia:

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