Forget the brick boat - this one is it!

Status
Not open for further replies.

Rick D

.
Jun 14, 2008
7,204
Hunter Legend 40.5 Shoreline Marina Long Beach CA
A billion might be a tad high, ya think???
Many years ago, I was visiting an investor. On his conference room wall was a super tanker photo. Since I figured that was out of their sandbox, I asked him about it. They had some cash and the market for super tankers had crashed. They bought this one for scrap, but did a couple of spot buys and it was doing very well financially. They were way ahead and had found a way, serendipitously, to play the commodities market without any middleman.
 

caguy

.
Sep 22, 2006
4,004
Catalina, Luger C-27, Adventure 30 Marina del Rey
One could retire on just the commissions of that sale.
 
Status
Not open for further replies.