“If you think taking a risk is the right thing to do, you've got to do it,” said author/entrepreneur/famous card-counter Jeffrey Ma in his speech during the Credit Congress Super Session and Annual Business Meeting on Tuesday. “You can't favor inaction over action.”
Risk again emerged as a prevalent buzz topic for credit professionals at this year's conference held in Las Vegas. Ma, who won millions of dollars at casinos playing blackjack as part of the infamous MIT Blackjack Team that inspired the movie “21,” drove home that point, albeit in ways with which credit professionals may not be familiar. This included recalling his decision to trust in well-developed, mathmatically-based methods that saw him continue playing blackjack during a weekend in which he lost two consecutive hands valued at $50,000 early on. For what it's worth, Ma didn't finish with $70,000 in gambling profits for the weekend.
“You can make the right decision without getting the right outcome...but, if you have a system you really believe in, you have to stick with it,” Ma told delegates.
Following Ma's keynote presentation, NACM presented the Annual Membershp Awards to the affiliates that saw growth in either the numbers of primary members of record, or additional members from the same company. These were presented to:
- NACM Oregon
- NACM Gulf States
- NACM Minneapolis
- NACM St. Louis Gateway Region
- NACM Wisconsin
- NACM Rhode Island & Southern New England
NACM also presented Denise Moller, CCE, ICCE, credit and collections analyst with Tru Vue, Inc., with the Graduate School of Credit and Financial Management 2012 Student Leadership Award.
- Brian Shappell, CBA, CICP, NACM staff writer
Check back throughout the week for continuing coverage from the 2013 Credit Congress in Las Vegas, including articles on emerging trends and education sessions.