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#61 Malcom McLean: The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger
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Malcolm McLean's Decision to Sell His Company
Three years earlier at the start of 1966, container shipping had been an infant industry. Revenues and McLean's sea land service grew from 102 million in 1965 to 227 million in 1968. But remember we talked about this guy's pensions for being highly leveraged,. something that Warren Buffett had just warned us against. So this is him selling his company and then what happens when inevitably he comes to regret that decision.
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