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The Patriarch of a Sailing Family
Bill Psaltis started sailing just about the time of the first Sydney to Hobart Race. In those days the Cruising Yacht Club of Australia was little more than one in a row of boat sheds and fishing shanties. Bill kept a small boat about two sheds down from the club.
Bill was an inquisitive guy with an accounting background, and he became interested in the Club's finances. At an annual meeting, he pointed out that the Club had more liabilities than assets. Faced with a problem that no one wanted to touch, one of the sailors commented, “All right, wise guy, why don't you be the treasurer?” And with that, Bill Psaltis ...
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