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Jay taught me to use simplicity as a strategy. He had an uncanny ability to grasp an extremely complex situation and immediately locate the weakness. He always said that if there were twelve steps in a deal, the whole thing depended on just one of them. The others would either work themselves out or were less important.

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I started negotiating the deal, which was complex beyond belief. I was creating structures and terms that had never been done before. I went to Jay and took him step-by-step through this incredibly complicated transaction. And damn it if he didn’t just look at me and say, “But, Sam, isn’t the real key to this whole thing just to rent the office space?” And sure enough, that’s what the whole transaction was predicated on. Jay’s level of intellectual rigor really appealed to me. And I immediately latched on to the understanding that I could cut right to the heart of something complex if I broke the problem into pieces. It was a matter of organizing my thinking. A discipline.

My takeaway was a whole new respect for simplicity. Development required multiple steps, and every step meant one more chance for something to go wrong. When Jay and I liquidated the Tahoe investment years later, I noticed that we had forgotten something critical, so I called him. “Listen,” I said, “the deal is closed, but I just realized we never drew up a formal partnership agreement between the two of us. If the IRS comes and reviews this thing, we’re going to look like idiots if we don’t have documents.” “Yeah, yeah,” he said, not really interested. That was indicative of Jay. Trust was one of his abiding principles. He’d always bet a lot more on the person than on the deal.

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Harvey was not especially introspective, but this didn’t mean he was stupid. He was moral, within his lights; he understood the value of subtlety even if he wasn’t much for it himself, and one of the reasons he could get away with being loud and obnoxious was that he was a fair stick at strategy and logistics. Give him a job and he’d do it, usually in the most entropy-producing way possible, yes, but also in a way that achieved exactly the aim it was supposed to. One of Harvey’s guiding lights in terms of strategies was simplicity; all things being equal, Harvey preferred the course of action that let him get into the middle of things and then just buckle down. When asked about it, Harvey called it his Occam’s razor theory of combat: The simplest way of kicking someone’s ass was usually the correct one.

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In so much of life and professional activity, the simple strategies and techniques can be the most powerful.

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