The Settlers of Catan
- Posted by Jeff Carter
- on July 14th, 2010

Sometimes when you are on vacation, things happen. We were up in Grand Marais, MN. Our place is in the middle of the woods, and since we don’t have Verizon, we don’t have any phone or internet service. Hint, ATT, get your butts up there and build some cell towers! One day, it began to rain. Biblical rain. Our little area of the woods got around 2 inches, and it rained from around 9 AM to 6 PM solid.
We also don’t have electricity, so no television. Our place has solar power. The radio reception is really poor as well. When it pours, there is literally nothing to do except read a book or play a game.
After reading about Settlers of Catan in the Wall Street Journal, we went out and purchased it. Fortunately, we brought it up to Minnesota with us. The gameboard was given a marathon workout on this rainy day. Some very competitive games were played.
Settlers is a game that never plays the same way twice. The board is different every time, and so is the play since it uses dice. It’s a fantastic game to teach anyone about entrepreneurship. It’s random. It’s strategic. It’s competitive. It’s collaborative. Wonderful game. According to the article, many CEO’s in the Silicon Valley play the game.
Essentially, you look at the game board and decide on your strategy. Then the game play begins. Invariably, your strategy blows up. Not really any different than putting on a trade or trying to implement a business plan. Nothing ever goes as planned. Even if one of your strategies is blocked, you can be creative and think of another way to win.
Because play relies on the roll of the dice, what happens can be totally random. The game goes really fast. Most of them last just under an hour. It is not like playing Monopoly or Risk, but combines the best elements of both.
Play also relies on cunning. You can trade commodities with other people, trying to improve your hand or position. Some trading is strategic, trying to get assets to trade again, or exchange at a port for a different commodity.
It’s a great game, and we are really enjoy playing it. You need a minimum of three people to play.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus-
Jeffrey Carter is a serial entrepreneur, angel investor and independent trader. He specializes in turning concepts into profits. He co-founded Hyde Park Angels one of the most active angel groups in the United States in April of 2007. He previously served on the Chicago Mercantile Exchange Board of Directors. He has done market commentary for (More...) -
Archives
Tags Cloud
ADM amex Anti-Semitism big oil Brad Keywell CBOT Chicago Black Hawks Classical Classical Economics college costs DO Economic Club of Chicago Entitlement spending Estate Tax Euro Freddie Mac Gaggia Government Reports Gun running scandal Higher Education Bubble Illinois Jobs iPhone Jim Skinner John Boehner LSE Madison Mark Kirk Max Baucus Memorial Day Muslim Brotherhood National World War Two Museum Obamacare Patrick Fitzgerald Port wine Protests Rick Monday Solar Power Stock Buybacks tax cuts TT_F University of Chicago Usury wealth Weiner W Flag-
BlogRoll
-
Abnormal Returns
All Tuition
American Thinker
Andy Narayanan
BBQ Nation
Becker Posner Blog
Betches Love This
Betting the Business
BloombergTV
Brad Delong
Business Insider
Business News Network
Carpe Diem
CBOE
CFTC
Chicago Booth Graduate School of Business
Chicago Boyz
CityWide SuperSlow
CME Group
CNBC
CNNMoney
Confused by Confucius
Daily Economic Release Calendar
Doug Ross @ Journal
Fama-French Forum
Farmgate
Fault Lines
Fee Fighters
Foundation for Families
Fox Business
Freakonomics
George Stigler Institute
Good Beer Hunting
Greg Mankiw's Blog
Hayek Institute
Huffington Post
Hyde Park Angels
ICE
Illinois College of Business
Instapundit.com
Intrade
Iowahawk
James Pethokoukis
John Taylor's Blog
Macroblog-Federal Reserve Bank of Atlanta
Marginal Revolution
Microbrews in Chicago
Mike And G
Milton Friedman Institute
Murmur Creek Observatory
NakedTrader
NASDAQ
National World War Two Museum
Nice Deb
Noblivity
Notes From Underground
NYSE
Open Markets
Pajamas Media
Power Points
Ronald Coase Institute
SEC
Senate Banking Committee
Shuffletech
StockTwits
StockTwits TV
Take A Report
Tallgrass Beef
The Clubber Fund
The Grumpy Economist
The Jack B Show
The Minimalist Trader
The Polsky Center
The Streetwise Professor
TheStreet.com
Townhall
US Federal Reserve Bank
US House Financial Services Committee
US Treasury
Win Detergent
World War Two Blog
-


