How to buy your first tanker! (and sell it for 10x)
The rational of James Tisch to buy six tankers in the 1980s, a keynote.
I was reminded today of this old talk by James Tisch, where he outlined the rational of the Loews Corporation decided to buy six oil tankers in the 1980s. A bit long but certainly worth it for the investor interested in the dynamics of capital-intensive seaborne businesses. Annotations mine. ⚓️
Picks from the Archive 🦉
What the hell is happening? July 2022
This is the third post in the WTHIH series. The previous one was sent May 23rd. In the previous WTHIH (What the hell is happening), we talked about the Fed’s strategy to bring down inflation and inflation expectations, and that the stock market would pay the price.
Philoinvestor: an autointerview
In an autobiography, one writes his own biography. Here I will interview myself as an investor in order to express my views and share my mindset. I will start with general questions and move to more particular ones as the interview progresses.
