July 28, 2009
Think Like a Pirate
Wow. Wired’s interview with a Somali pirate is amazing. Very matter-of-fact. He thinks like a CEO:
Once you have a ship, it’s a win-win situation. We attack many ships everyday, but only a few are ever profitable. No one will come to the rescue of a third-world ship with an Indian or African crew, so we release them immediately. But if the ship is from Western country or with valuable cargo like oil, weapons or then its like winning a lottery jackpot. We begin asking a high price and then go down until we agree on a price.