September 12 — September 18, 2016 | bloomberg.com Vladimir Putin just wants to be friends p42 ADVERTISEMENT WORLD CLASS AS STANDARD Bringing It All Together For results to meet expectations, belief in preparation and teammates benefits world-class golfers and investors One nickname for them was the Spanish matches, European captain Tony Jacklin Rotella. “For some players it’s a new expe- Armada, although they fared much better sent his planned pairings out to play nine- ULHQFHDQGWKH\·YHQHYHUKDGWRVDFULÀFH DW7KH5\GHU&XSWKDQWKHLOOIDWHGÁHHW hole small-money matches. Ballesteros a lot for the good of the team. Other guys of 1588 did in war. Beginning in 1987, DQG2OD]iEDO³SOD\LQJWRJHWKHUIRUWKHÀUVW ORYHEHLQJXQVHOÀ V K W H D PSOD\HUV,Q7KH and paired together over four consecutive time ever as partners—squared off against Ryder Cup, knowing ahead of time who Ryder Cups for eight matches in foursomes Bernhard Langer and Ken Brown for $10, you are going to be paired with, and to be (alternate shot) and seven in four-ball and were two down with two holes to play. excited about that, is a big deal. When you (best ball), Spaniards Seve Ballesteros On the eighth hole, Ballesteros holed out UHDOO\ÀQGRXWLI\RX·UHFORVHO\NQLWLVZKHQ and José María Olazábal ran up a record from a bunker to win. One down. On the you get down in a match. That’s when you of 11-2-2—by far the most successful ninth, Olazábal rammed in a 20-foot birdie À Q G RXWLI\RXEHOLHYHLQHDFKRWKHUDQG partnership in the history of the event. putt to win. Match halved. can depend on each other.” By way of comparison, the most effective The next day, at the real thing, the Rotella believes that under pressure, duo over the years on the U.S. side was partners needed to two-putt from 15 feet “one of the biggest mistakes you can make Arnold Palmer and Gardner Dickinson, WRZLQWKHLUÀUVWHYHU5\GHU&XSSRLQW is to not trust your preparation. When you ZKRZRQÀYHPDWFKHV (YHUDJJUHVVLYH%DOOHVWHURVUDQWKHÀUVW believe in yourself and your teammate, you More than any other player or captain, putt six feet past the hole. His young trust that your normal routine will see you Ballesteros imbued the European Team partner stepped up and drilled the come- through. When you don’t believe, you start with what has proved to be its secret backer dead center. “From that point on,” trying too hard and mess everything up.” Oweapon over the past 25 years: an unwav- says Brown, now a commentator on BBC Standing on the 18th tee of a tied ering belief in each other as teammates. golf telecasts, “neither one ever doubted Ryder Cup match and building an invest- By 1987, Ballesteros was a Ryder Cup the other.” ment portfolio may seem like disparate veteran, but Olazábal was a 21-year-old challenges, but both require a similar ap- Ryder Cup rookie. So how did their magic A learned skill proach to maximize performance. Standard materialize in the blink of an eye? “Being a team player is a learned skill,” Life Investments, Worldwide Partner of The In the days leading up to those ’87 says noted sports psychologist Dr. Bob Ryder Cup, recognizes the importance of ADVERTISEMENT “Being a team player is a learned skill. For some players it’s a new experience, and they’ve never had to sacrifice a lot for the good of the team. Other guys love being unselfish team players.” — DR. BOB ROTELLA teamwork to help guide investors being priced in by the wider market, and analyze data as part of their progress, and WKURXJKYRODWLOHPDUNHWVDQGWKHÀUP can add value to client portfolios. maybe they compare them to what the has made it the core of a distinctive other top players are doing. investment philosophy. “Everything as a reference” “For example, for a period of time when Just as pairings on the course must On Sept. 30, Ryder Cup shots that count Jordan Spieth was playing exceptionally maintain open lines of communication if ZLOOEHJLQÁ\LQJDW+D]HOWLQH1DWLRQDO*ROI well, you may want to use his performance they are to outperform the competition, Club, in Chaska, Minnesota. At the helm data as a benchmark. Or Rory McIlroy’s. a common investment language is key to of the European Team, Darren Clarke will And you can use the desire to reach those Standard Life Investments’ team-based have looked for indicators of performance benchmarks to help you make better choic- approach. Only by being on the same page by using “everything the best players in es, perhaps about you’re eating or what you can teammates ensure the discipline, de- the world do as reference. I think what should be doing in the gym. In short, look at liberation and debate necessary to identify \RXÀQGZLWKDORWRIWKHWRS\RXQJSOD\HUV everything the best players in the world are opportunity hidden within company fun- now is that they all have a team around doing, and set your goals accordingly.” damentals—such as internal restructuring, WKHP7KH\·YHJRWÀWQHVVJX\VWKH\·YH changes to the regulatory environment or got their psychologist, their nutritionist. 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[2] Based on independent measurements by the Transaction Auditing Group, Inc., (TAG). For additional information see, ibkr.com/info [3] Includes Interactive Brokers Group and its af⇒ liates. 09-IB16-999CH991 “You know, I don’t want to respond to your provocative question, even though I understand that it could be interesting” p42 3 “It’s smart to stay “I thought I’d be with “This is not just some current and look as young Walmart no more than run-of-the-mill, usual corporate as possible if you want to malfeasance. It’s hard to keep working in an three years or so. imagine a set of corporate industry where so many Lo and behold, I sort of practices that could people are in their 20s” fell in love” have done more damage” PHOTOGRAPH BY JEREMY LIEBMAN FOR BLOOMBERG BUSINESSWEEK BLOOMBERG FOR LIEBMAN JEREMY BY PHOTOGRAPH p32 p76 p58 Cover Trail September 12 — September 18, 2016 How the cover gets made ① Opening Remarks Trump uses social media to be noticed. Justin Trudeau uses it to govern 10 “We got an interview with Putin.” Bloomberg View Quantum computing’s security risks • How the EU can help Merkel 12 “Really? After all the stories we’ve done about the Russian government? Particularly the Movers A super move for Super Mario Fox’s payoff to Gretchen Carlson 15 stories about hacking, corruption, discrimination, war … ” Global Economics “To be fair, those are the kinds of In Saudi Arabia, women’s lib begins with dropping the veil 16 stories we do about many places, including the U.S.” China talks supply-side, but means something else entirely 17 “Great point. I’m thinking we can There’s plenty of land for sale—just not at prices builders want to pay 19 photoshop him riding a bear shirtless, An Indonesian corruption cop comes back to finish the job she started 20 crashing through the interview studio, since he won’t be photographed.” Companies/Industries “He agreed to a shoot.” With their market far from locked up, private prisons look for ways to diversify 23 “Whaaaa?” Why London is Hollywood’s Visual Effects Central 24 Mitsui O.S.K.’s new LNG ship is longer than three football fields. It needs temp work 26 “Wow, that’s great.” With China ravenous for natural foods, New Zealand’s Comvita proffers manuka honey and more 27 Politics/Policy As tattoos become a billion-dollar business, the FDA wonders if it should take a closer look 28 “Oh, wow.” Cap and trade is a soft market in California—and faces a legal threat 29 4 The growing debate over whether Delaware’s business court isn’t pro-business enough 31 Technology “Wow, Dress young, talk young, get a face-lift: How over-40s try to survive in Silicon Valley 32 wow, wow.” A hospital painkiller called virtual reality 34 A game of war over Game of War spotlights Cisco’s buggy software 35 “Can we run all three?” Innovation: Sound that beams directly to the ears of the hard of hearing 36 “Let’s do two—though I love your Markets/Finance enthusiasm.” This bank’s stadium-naming deal has a family connection 38 Moscow skyscrapers keep going up, but demand is going nowhere 40 Domestic Cover A cloud that contains the market’s whole history 41 Features So, Mr.