What is a Wildcatter?
The term “wildcatter” is often associated with the oil and gas business, however the term actually originated well before the existence of the petroleum industry. Wildcatter originally meant a risky investor. Now, the term has evolved to include the romantic imagery of a high risk/high reward adventurer who enjoys a lifestyle commensurate with successful pursuits.
1. Wildcatters Seek “Calculated” Risks
Risk for risk’s sake is absurd. Risk with considerable upside and the ability to affect the outcome with your guile and wit, now that is a completely different matter; hence the reason a Wildcatter will sit down at a blackjack table, but you will rarely see their hand on a slot machine lever.
2. Wildcatters Embrace Variety
Some people need a routine and consistency, not Wildcatters. Variety is the spice of life and a wildcatter is always HUNGRY!
3. Wildcatters Never Try to Hide Their Failures
Failure in a high-risk business venture is not something to be ashamed of; it is a badge of honor. Sharing horror stories with fellow Wildcatters is a great bonding event. Underlying theme: That which does not kill us, makes us stronger!
4. Wildcatters Are Inspired by Naysayers and Critics
People with low self-esteem love to ridicule and second-guess the movers and doers of the world. While many people are intimidated by these jealous actions, Wildcatters find it inspirational. Wildcatters also take great pride in knowing that success is the best revenge!
5. Wildcatters Love to Celebrate
No one appreciates the richness and fullness of life like a Wildcatter. With a proper attitude, everything is worth celebrating: birthdays, weddings, anniversaries, graduations…and, most of all, business deals! Not just the closing of a big deal, but every step along the way. Words you will neverhear from a true Wildcatter: “I don’t want to celebrate before the deal closes because it might jinx it.” As Colonel Potter would say: HORSE HOCKEY!!
6. Wildcatters Appreciate an Economy of Words
Please do not pontificate to a Wildcatter. Not only will they be completely unimpressed, they will be much less likely to look at your next deal. Wildcatters want concise and correct information. They are busy people…get to the point!
7. Wildcatters DO NOT Believe in Luck
To believe in luck is an abdication of one’s hard work, effort, and skill. “Luck” is for the suckers who buy lottery tickets instead trying to create value. Ironically, every great Wildcatter subconsciously believes they are the luckiest S.O.B. to ever walk the face of the earth!!
8. Wildcatters Hold Themselves Accountable
Few things in life are more frustrating than dealing with people who will not take responsibility for their actions. When a Wildcatter loses money on a failed business venture because of the incompetence or conniving of a business partner, he blames himself for doing business with the wrong person in the first place…but, rest assured, a Wildcatter rarely makes this same mistake twice!
9. A Wildcatter’s Word is His Bond
The importance of good documentation for any business deal cannot be understated. However, there has never been a document created that an unscrupulous character could not try to manipulate to his advantage. Therefore, the person behind the signature is far more important than any piece of paper. A Wildcatter’s reputation is his most valuable asset.
10. Wildcatters Work Hard
No explanation necessary!