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. ⚓️
