Prince of Wales

Strategic Concepts & Mechanics

Risk DoctrineNo Cross-Pledging of Crown Jewels

Signature MoveDeals Hated, Strategy Loved

Signature MoveNever Run Out of Cheque-Writing Time

Relationship LeverageShare the Pie to Keep the Table

Strategic PatternEcho Bay Model Then Surpass It

Signature MoveKlosters Mountain as Strategic War Room

Identity & CultureRefugee Hunger as Permanent Engine

Cornerstone MoveWritten Memo Then Unanimous Sign-Off

Identity & CultureReturn to Canada Only With Success

Cornerstone MoveBuy Producing Assets at Cycle Bottom, Never Explore

Signature MoveTrust Mining Operators Then Stay Away

Operating PrincipleFocus as Compensation for Ordinary Talent

Cornerstone MoveBorrow Against the Asset to Buy the Asset

Decision FrameworkGeopolitical Disruption as Buy Signal

Strategic PatternScarcity Premium as Entry Signal

Signature MoveControl Without Majority Ownership

Strategic PatternArbitrage as Daily Instinct, Not Abstraction

Signature MoveElias Sassoon: Lone Hand Opportunist in Foreign Markets

Cornerstone MoveFamily Chain of Command: Kin Before Outsiders

Signature MoveDavid Sassoon: Reluctant Front-Runner, Relentless Consolidator

Competitive AdvantageControlling the Choke Points: Warehouses and Wharves

Signature MoveJacob Sassoon: Systematizer and Modernizer Before Rivals Notice

Cornerstone MoveSecond-Wave Expansion with Relentless Caution

Operating PrincipleExploiting Distress for Consolidation

Cornerstone MoveOpportunity Surfing: Arbitrage Across Borders and Commodities

Identity & CulturePhilanthropy as Power Softener

Primary Evidence

"I have seen him with really important people like Prince Charles. Peter never tries, he never pushes. Somehow the opposite occurs: they seek his company. Peter is not talking to the Prince of Wales. He is talking to a chap who skis well. For Peter, in those two or three months of the year at Klosters, anybody who can slide on the snow belongs there and he’s a friend whether he’s the Prince of Wales or a ski instructor."

Source:The Golden Phoenix : A Biography of Peter Munk

"His uncle had now become so addicted to bridge that he never travelled without his own folding card-table. One of his first gifts to the Prince of Wales was a set of ivory baccarat counters embossed with the fleur-de-lis. The Heir always tucked it into his crocodile dressing-case before going on his travels. He used this set for the celebrated party at Tranby Croft in St Leger Week, 1890, when Sir William Gordon-Cumming was caught cheating. The scandal was meat and drink to the righteous Souls who gleefully suggested 'Ich Deal' as an apter motto for the Heir to the Throne. Reuben Sassoon had been a member of that gaming party and was, in fact, responsible for issuing the baccarat chips. He had also witnessed the document in which Gordon-Cumming had solemnly pledged himself never again to play cards for money."

Source:The Sassoons

Appears In Volumes

The Golden Phoenix : A Biography of Peter Munk The Sassoons