Another week, another disaster that could've been avoided.
As you may know, all five passengers on the Titanic-bound submersible died.
But according to industry insider Will Kohnen, the disaster could've been avoided.
"OceanGate Expeditionsstrayed by declining a rigorous safety review of the vessel. If the company pursued a certification review, this might have been avoided."
Still, it's not just the disregard for safety; look at what the court records say:
"The company also faced a series of mechanical problems that forced the cancellation of trips in recent years. Complaints from high-paying customers alleged the company overstated its ability to reach the Titanic wreckage."
Of course, you sign a death waiver before you get on.
But the red flags were there all along…
Making you wonder what could've been if the passengers chose differently.
This story has several lessons if you have money in the markets today.
Maybe I'll share a few tomorrow, but I'll leave you to draw your conclusions for now.
Feel free to reply and let me know what you think.
To your trading success,
Steve Place
P.S.; If you want to see the low-risk, high-reward stocks on our radar this week, go here.
| | | In Case You Missed It
1. When to leverage "institutional capital"
2. Every time I do this, I lose money
3. #1 medical stock with a 200X upside
| | |
|
|
|
No comments:
Post a Comment