The Columbus Group, founded only eleven years before, had gone from being just one more upstart, to enfant terrible, to bright rising light, to serious player, to among the best in its field, to its current position as a cornerstone of the mutual-funds community. Founded by George Winston, the company now controlled a virtual fleet of fund-management teams. The three primary teams were fittingly called Nina, Pinta, and Santa Maria, because when Winston had founded the company, at the age of twenty-nine, he'd just read and been captivated by Samuel Eliot Morison's The European Discovery of the New World, and, marveling at the courage, vision, and sheer chutzpah of the restless navigators from Prince Henry's school, he'd decided to chart his own course by their example. Now forty, and rich beyond the dreams of avarice, it was time to leave, to smell the roses, to take his ninety-foot sailing yacht on some extended cruises. In fact, his precise plans were to spend the next few months learning how to sail Cristobol as expertly as he did everything else in his life, and then to duplicate the voyages of discovery, one every summer, until he ran out of examples to follow, and then maybe write his own book about it.

He was a man of modest size that his personality seemed to make larger. A fitness fanatic—stress was the prime killer on the Street—Winston positively glowed with the confidence imparted by his superb conditioning. He walked into the already-full conference room with the air of a President-elect entering his headquarters after the conclusion of a successful campaign, his stride fast and sure, his smile courtly and guileless. Pleased with this culmination of his professional life on this day, he even nodded his head to his principal guest.

"Yamata-san, so good to see you again," George Winston said with an extended hand. "You came a long way for this."

"For an event of this importance," the Japanese industrialist replied, "how could I not?"

Winston escorted the smaller man to his seat at the far end of the table before returning toward his own at the head. There were teams of lawyers and investment executives in between—rather like football squads at the line of scrimmage, Winston thought, as he walked the length of the table, guarding his own feelings as he did so.

It was the only way out, damn it, Winston told himself. Nothing else would have worked. The first six years running this place had been the greatest exhilaration of his life. Starting with less than twenty clients, building their money and his reputation at the same time. Working at home, he remembered, his brain racing to outstrip his paces across the room, one computer and one dedicated phone line, worried about feeding his family, blessed by the support of his loving wife despite the fact that she'd been pregnant the first time—with twins, no less, and still she'd never missed a chance to express her love and confidence-parlaying his skill and instinct into success. By thirty-five it had all been done, really. Two floors of a downtown office tower, his own plush office, a team of bright young "rocket scientists" to do the detail work. That was when he'd first thought about getting out.

In building up the funds of his clients, he'd bet his own money, too, of course, until his personal fortune, after taxes, was six hundred fifty-seven million dollars. Basic conservatism would not allow him to leave his money behind, and besides, he was concerned about where the market was heading, and so he was taking it all out, cashing in and switching over to a more conservative manager. It seemed a strange course of action even to himself, but he just didn't want to be bothered with this business anymore. Going "conservative" was dull, and would necessarily cast away enormous future opportunities, hut, he'd asked himself for years, what was the point? He owned six palatial homes, two personal automobiles at each, a helicopter, he leased a personal jet, Cristobol was his principal toy. He had everything he'd ever wanled, and even with conservative portfolio management, his personal wealth would continue to rise faster than the inflation rate because he didn't have the ego to spend even as much as the annualized return would generate.

And so he'd parcel it out in fifty-million-dollar blocks, covering every segment of the market through investment colleagues who had not achieved his personal success, but whose integrity and acumen he trusted. The switchover had been under way for three years, very quietly, as he'd searched for a worthy successor for the Columbus Group. Unfortunately, the only one who'd stepped forward was this little bastard.

"Ownership" was the wrong term, of course. The true owners of the group were the individual investors who gave their money to his custody, and that was a trust which Winston never forgot. Even with his decision made, his conscience clawed at him. Those people relied on him and his people, but him most of all, because his was the name on the most important door. The trust of so many people was a heavy burden which he'd borne with skill and pride, but enough was enough. It was time to attend to the needs of his own family, five kids and a faithful wife who were tired of "understanding" why Daddy had to be away so much. The needs of the many. The needs of the few. But the few were closer, weren't they?

Raizo Yamata was putting in much of his personal fortune and quite a bit of the corporate funds of his many industrial operations in order to make good the funds that Winston was taking out. Quiet though Winston might wish it to be, and understandable as his action surely was to anyone with a feel for the business, it would still become cause for comment. Therefore it was necessary that the man replacing him be willing to put his own money back in. That sort of move would restore any wavering confidence. It would also cement the marriage between the Japanese and American financial systems. While Winston watched, instruments were signed that "enabled" the funds transfer for which international-bank executives had stayed late at their offices in six countries. A man of great personal substance, Raizo Yamata.

Well, Winston corrected himself, great personal liquidity. Since leaving the Wharton School, he'd known a lot of bright, sharp operators, all of them cagey, intelligent people who'd tried to hide their predatory nature behind facades of humor and bonhomie. You soon developed an instinct for them. It was that simple. Perhaps Yamata thought that his heritage made him more unreadable, just as he doubtless thought himself to be smarter than the average bear—or bull in this case, Winston smiled to himself. Maybe, maybe not, he thought, looking down the forty-foot table. Why was there no excitement in the man? The Japanese had emotions, too. Those with whom he'd done business had been affable enough, pleased as any other man to make a big hit on the Street. Get a few drinks into them and they were no different from Americans, really. Oh, a little more reserved, a little shy, perhaps, but always polite, that's what he liked best about them, their fine manners, something that would have been welcome in New Yorkers. That was it, Winston thought. Yamata was polite, but it wasn't genuine. It was pro forma with him, and shyness had nothing to do with it. Like a little robot…

No, that wasn't true either, Winston thought, as the papers slid down the table toward him. Yamata's wall was just thicker than the average, the better to conceal what he felt. Why had he built such a wall? It wasn't necessary here, was it? In this room he was among equals; more than that, he was now among partners. He had just signed over his money, placed his personal well-being in the same boat as so many others. By transferring nearly two hundred million dollars, he now owned over one percent of the funds managed by Columbus, which made him the institution's largest single investor. With that status came control of every dollar, share, and option the fund had. It wasn't the largest fleet on the Street by any means, but the Columbus Group was one of the leaders. People looked to Columbus for ideas and trends. Yamata had bought more than a trading house. He now had a real position in the hierarchy of America's money-managers. His name, largely unknown in America until recently, would now be spoken with respect, which was something that ought to have put a smile on his face, Winston thought. But it didn't.