From: roger schank To: Jeffrey Epstein <[email protected]> Subject: Re: Date: Fri, 23 Oct 2009 12:30:18 +0000 didnt say it was secret; it was news to me when he told me this in '95, (but no surprise there) I dont think he is smart because of what he says about shipping- I judge people by what they say about things I know about -- no other way to judge; if they say something surprising, then I believ they have brains I wouldnt say what I wrote about negotiation was a test of anyone in particular, but you are the only one who made teh right comment; I was tired when I wrote it and then I got curious later whether anyone would call me on the obvious -- namely taht you are always negotiating with children roger schank http://www.rogerschank.com/ On Oct 23, 2009, at 7:56 AM, Jeffrey Epstein wrote: ditmitris well known secret from ten years ago. - sorry According to Martin Stopford, an economist with Clarksons, the world's largest shipbroker, the secret of the Greek success is not, as you might expect, that Greeks are good at running ships. They leave the grind of finding cargoes to specialists: they excel, instead, at managing risk. The Greek shipping fortunes are based on buying ships cheaply and selling them dear. They have an impressive record of spotting the tops and bottoms of the market. Foolishness to the Greeks That is in sharp contrast to certain other perennial investors in shipping: on the waterfront of Piraeus, where owners and their agents mingle, they say that, while God gave the Saudi Arabians oil, he fortunately gave the Greeks the Norwegians. Needless to say, Norwegians disagree. After all, the world's largest tanker owner is a Norwegian company. Nor is it just Norwegians who are the fall guys. The price of second-hand bulk carriers started to fall this spring as freight rates declined, catching out some firms. On July 21st, Jinhui, a Chinese shipping company listed in, er, Oslo, issued a profit warning for precisely that reas