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Monday Morning Quarterback: The Orlando Magic


Mortality. Legacy. Purpose. Passion.


"I'd rather be a hammer than a nail."
- Paul Thorn

Mortality. Legacy. Purpose. Passion.

These are some of the words that continue to resonate after last week's somber celebration. Following Tuesday's tragic news, Bennet Sedacca's family and friends gathered in Florida to pay tribute to sage professor with the powerful personality.

Someone once said such gatherings should never be left for weddings and funerals. I was reminded of that as I watched tears and laughter seamlessly commingle as we toggled between shared reflections of time spent and the harsh reality that he was gone.

His pebble will ripple far and wide.

I spent a lot of time with Nan and the clan -- his wife, son and adorable daughter, as well as his parents and sisters -- and they asked me to express heartfelt gratitude for the outpouring of love from the Minyanville community. We will be collecting the many emails and tributes from The Exchange and binding them in a book for the family.

On a selfish note, I'll miss Blue Steel. In addition to being a true friend, a trusted confidant and a staunch supporter of all things Minyan and RP, he was our eyes and ears on the credit front and my alter ego on Instant Message. There is no replacing his presence, but make no mistake: We will carry forward, march on and make him proud.

"Community" is tossed around a lot these days, from social networks to Twitter groups to the towns we live in. At its core, however, true community is bound together by human capital and by definition, is more powerful than any one person. This too shall pass and when it does, we'll honor Bennet with what we do and how we do it.

Friday after the funeral, we bellied up to the bar as he would have wanted and spoke of the challenges we face and the moxie we'll muster. That transcends the spectrum of the lives he touched -- his beloved family, the capable crew at Atlantic Advisors and his colleagues at Minyanville -- and the responsibility we together share.
We were stronger with Bennet as a part of our lives, and we will be stronger still as we fortify in his absence.

Bennet has thrown down the gauntlet, a fitting legacy to a man who demanded the very best of himself and expected nothing less from those around him. He was gruff and rough around the edges at times, but that was part of his acerbic wit and lovable charm.

I extend that challenge to all Minyans. In a world where mindfulness and business are unfamiliar bedfellows, we will carry forward our mission of affecting positive change through financial understanding while remaining present, aware and conscious that the purpose of the journey is the journey itself.

Random Thoughts

  • Please note that 100% of donations made to the Ruby Peck Foundation through April will be distributed to philanthropic endeavors consistent with children's education in the Big Dog's honor with guidance from Nan and the clan.

  • Talk About a Mob Mentality! No, I'm not just talking about the percolating societal acrimony surrounding AIG (yikes!), I'm referring to the widespread reactive motion in the markets. Quarter-end on Tuesday will serve to intensify that as hedge fund managers play ketchup.

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