The moment you finished this article, you will be able to learn how you can find whether the years just ahead are good or bad for you, and how long this season will last, so that you can act accordingly: if there is a storm on the horizon, you will take shelter in time, if sunny days loom ahead, you will take advantage before the opportunity passes, so that you can highly succeed in life F95zone.
Before that however, we have first to see what lessons derive from Greek tycoon Aristotle Onassis’s life, how the alternations of his life seasons from good to bad and vice versa radically influenced his successful career. Onassis began his career as a ship owner in 1933, while the Great Depression of 1929 had not ended yet. Because of the crisis, the ships’ prices had declined precipitously. A ten-year-old freighter, which had cost $1 million to build in 1920, could now be obtained for $20,000. Onassis found that a whole fleet of ten such ships was for sale in Saint Lawrence in Canada. He immediately bought six of those ships for $20,000 each. And some years later, he expanded his fleet tremendously: he obtained a loan of $40 million in 1947 from various American banks and built 18 more ships, tankers included.
But in 1954 he did something that drove him to the brink of destruction. After a series of negotiations, he concluded an agreement with the king of Saudi Arabia that would give him the exclusive rights to use his tankers to transport that country’s huge oil output. As soon as the agreement became known, however, a storm of protest broke out against Onassis –not only from the big U.S. oil companies, which had had the exclusive right to produce the Saudi Arabian oil, but also from the government of the United States itself.
The oil companies protested officially to Saudi Arabia, and simultaneously made clear to Onassis that each time his ships would arrive in that country’s ports to load crude oil, they would not let him have it. U.S. Secretary of State John Foster Dulles warned the Saudi Arabians that if they insist on upholding the agreement with Onassis, the American oil companies would stop oil production in that country. In the face of that reaction, the king of Saudi Arabia was forced to cancel the agreement.
At the same time, the U.S. oil companies decided, out of revenge, to discontinue any cooperation with Onassis. Each time a charter contract for any of his ships expired, they would not renew it, giving it instead to other ship owners. At the end of 1955, half of Onassis’s tanker fleet was idle. His main source of income was drying up at tremendous speed. That situation continued into 1956 as well. More and more of his ships were becoming idle, and those ships were mortgaged with the huge loans he had borrowed to build them. But Onassis no longer had sufficient income to repay the loans. In despair, he went around to the American banks to which he was indebted, asking them to take over management of his ships. The international shipping community expected him to announce bankruptcy at any moment.
That bankruptcy never happened, however. A new season started in Onassis’s life. In October 1956, the Suez Canal closed to shipping because of the crisis between Egypt and Israel. As a result, ships had to circumnavigate Africa, adding considerable time to each trip. Too few ships were available to meet the demand, and freight costs skyrocketed to unprecedented heights in 1957. The only ship owner who had ships available was Onassis. Because of the boycott the American oil companies had imposed on him, he had a huge number of ships standing idle in various ports. The results were predictable. Onassis’s ships were chartered by desperate merchants, the boycott ended, and the acrimonious relations with the oil companies were forgotten.