Entity Dossier
entity
National Bulk
Strategic Concepts & Mechanics
Capital StrategyCorporation as Conscience-Free Machine
Capital StrategyControl Wealth, Don't Just Own It
Cornerstone MoveGovernment Steel In, Foreign Flag Out
Cornerstone MoveCharter First, Build With Their Credit
Strategic PatternCargo Creates the Need for Ships
Risk DoctrinePrivate Companies Beyond Government Eyes
Signature MovePay Yourself Through Your Own Companies
Capital StrategyFloat Capital as Free Leverage
Signature MovePaper Clip Frugality as Operating Religion
Signature MoveYacht Diplomacy to Close Charters
Signature MoveFrontier Ventures Where No One Else Will Go
Primary Evidence
"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"
Source:The Invisible Billionaire, Daniel Ludwig