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The Invisible Billionaire, Daniel Ludwig has the strongest coverage in these notes.
Company
Company
American Petroleum Transport
1 Books1 Highlights11 Themes
American Petroleum Transport appears across 1 book, with 1 highlight.
Books
Notes
Recurring themes
Corporation as Conscience-Free Machine, Control Wealth, Don't Just Own It, Government Steel In, Foreign Flag Out
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factor. Most of National Bulk’s liabilities were owed to Welding Shipyard. Thus, the figures on the debit side of National Bulk’s ledger were really assets for Daniel Ludwig, who paid himself to build the tankers he ope…
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Highlights
"factor. Most of National Bulk’s liabilities were owed to Welding Shipyard. Thus, the figures on the debit side of National Bulk’s ledger were really assets for Daniel Ludwig, who paid himself to build the tankers he operated. And since American Petroleum Transport brought in a good steady income by operating a fleet of government-owned tankers, he got additional revenue from U.S. taxpayers. Exactly how much money he made from Welding Ship¬ yard will probably never be known; with no government inspectors at Sewalls Point to oversee construction, D.K. may have indulged in one of his chief moneymaking talents — scrounging up cheap"
The Invisible Billionaire, Daniel Ludwig
Themes
Corporation as Conscience-Free MachineControl Wealth, Don't Just Own ItGovernment Steel In, Foreign Flag OutCharter First, Build With Their CreditCargo Creates the Need for ShipsPrivate Companies Beyond Government EyesPay Yourself Through Your Own CompaniesFloat Capital as Free LeveragePaper Clip Frugality as Operating ReligionYacht Diplomacy to Close ChartersFrontier Ventures Where No One Else Will Go