Friday, March 17, 2017

The case for tipping generously

[Steve Ross] was also well known in [New Haven’s] restaurants and was a generous tipper, [Rick] Antle said. “He said that extra that you give, that’s where all the action is, and it’s not that much money,” he said.
--Ed Stannard, New Haven Register, on the everyday wisdom of Steve Ross


A great bon viveur, [Steve Ross] would baffle friends with his ability to find tiny ethnic restaurants tucked into obscure corners of southern Connecticut, where the food was delicious and the staff invariably seemed to know and love him.

He was also a great aficionado of wine. At dinners he held for peers, it was decided to put a cap on the price of the wine, to make sure that the meal was within everyone’s budget. “Why would we want constrained optimisation like that?” Ross complained, in the language of economic theory.

He avoided the problem by bringing in ever more exquisite wines — and politely lying about their price.
--John Authers, Financial Times, on the generosity of Steve Ross