Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 3, 2016
Chai with Pabrai
00:00
Investment Journeys: Tesoro and the Cycles of Shipping
This chapter examines the investment experiences with Tesoro Petroleum and Frontline, highlighting the volatility in their respective industries. It discusses the challenges faced by Tesoro due to heavy debt and the cyclical nature of the shipping industry, including the impact of fluctuating leasing rates for VLCCs. Additionally, the chapter reflects on regulatory changes post-Exxon Valdez and their effects on shipping practices and market dynamics.
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