Name | Main points |
Niels G. Stolt-Nielsen | When an opportunity crosses your desk, ask: “Is this the long-term best thing for my company?” |
Philippe Louis-Dreyfus | A good name goes together with respecting one’s commitments; cycles are faced by common sense; remember what it goes-up, it may go down in next months or years |
John Fredriksen | Shipping business is simple: hard work; look at all information; deal -& find- fast, good values; go public, think private; back people by giving them some of the extra money one made; do deals that can be explained in 1/2 a page; think how much one is going to lose |
Peter Evensen | A crisis = an opportunity |
Charles Fabricant | Recognize a changing trend |
James Tisch | Worry about downside |
Dagfinn Lunde | Work hard; have alternatives |
Roberto Giorgi | You need to move fast; keep things simple; human capital is the asset |
Nicholas Pappadakis (Greek) | Decisions affect people - think them 10 times over; crew’s loyalty is important in ship owning |
Andreas Sohmen-Pao | Merging & acquiring are constructive; a company bought can be in an interesting position if its abilities & cultures are complementary with those of the buyer; the resulting entity can be much stronger; be calm over cycles |
Gerry Wang | Good credit borrows money; be conservative; have a leverage below 60%; buy low; look long-term |
Tor Olav Troim | When one has a debt, he/she needs to service it |
Morten Arntzen | Success comes when preparation meets an opportunity |
Robert Yuksel Yildirim (Turk) | Money creates money |
Kristin Holth | Know & trust management before lend money to it |