Reward Balance Be Improved?

by Peter Stokes, Managing Director, Maritime Consultants Limited, as presented at the LSE Shipping Finance Conference in November, 1997

I believe I have spoken at all but one of the LSE shipping finance conferences to date, and I suppose that this fact alone persuaded the organisers of this year’s event to ask me to present a kind of retrospective assessment of the last decade, together with some thoughts on prospects for the future. I am painfully conscious of the fact, however, that frequent appearances on conference platforms tend to encourage bad habits- for example repetitiveness, predictability and a wholly unjustified confidence in the importance of one’s own views and the eagerness of others to hear them. In preparing this presentation, I have tried to avoid falling into these traps, but inevitably the general thrust of my arguments will be familiar to those of you who have been attending conferences for as long as I have been speaking at them.

This is only an excerpt of A High Risk/Low Return Industry: Can the Risk/Reward Balance Be Improved?

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