Due South


ATMOSPHERIC: Fishing—and studying—Chile's fjords

If the size of a man's toys equal the size of his wallet, then Andres Ergas' newest plaything is a good fit. Until 2000, his family owned the Banco de Chile, the country's No. 2 bank. And after 15 years in the family business, Ergas, 40, has lost interest. "There is nothing true about banking," he says. "Money, it's just a commodity." It is, however, useful nonetheless to breach the old adage and mix business with pleasure.

Late last year, Ergas launched Atmosphere, a $20 million, custom-built, 28-passenger ship, with which he plans to merge the family...

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