Lessons Learnt But Not Forgotten

The world of ship owners, shipbuilders, financiers and, ultimately the investors, entered into an age of anxiety and confusion when the financial markets collapsed at the end of 2008. But then, is it the latter which led to the former, or the writings were clearly on the wall since the beginning of 2008 (or maybe even earlier)? Some analysts suggested that the industry was overwhelmed by the euphoria of the “unstoppable growth” of the BRIC nations, especially China, and the explosive supply of credits and spending power of the Developed nations. Therefore, is it excusable that the industry will be laden with excessive capacities for years to come, and it is no one’s fault since everyone has been misled?

Recently, I have the chance of catching up on my readings, and particularly one by Mr. Kazuo Inamori, the founder of Kyocera and KDDI – both being world market leaders in their respective industry sectors. Whilst reading this book, it became clear to me that the issues we (the shipping industry) are facing are created not because the statistics were misleading, but due to two very basic human defects: Greed and Arrogance. In the book, it was quoted that “Life is an expression of our mind”.

This is only an excerpt of Lessons Learnt But Not Forgotten

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post