The culture/DNA of a company is very important and is often born...

The culture/DNA of a company is very important and is often born out of its trials and tribulations in the formative years, just like people. So please allow me a little bit of a story, and I will get to my point...

I grew up in a blue-collar family where dad was a train driver and mum was a housewife, in a little town called Seymour. I started my working career out of Uni in 1990 in Victoria (with $300 bucks in the bank). 1987 was the big market crash, and Victoria keep going down economically after that to bottom around 1993. These were the days of Skase, Bond, Pyramid, State bank of Victoria & SA collapsing, etc... By 1993 I was only on 3-day work week earning about $17k a year, and things didn't look so good. So, I packed up everything and went to Singapore (Southeast Asia boom time) and found a job over there. Didn't know anyone in the country, did it alone. When I started my first job I had a bank account balance of -$1,500 from my credit card bill. So I was sh*t scared of losing my job for the first 6mths. At the time I was focused on saving $10k, because that meant financial security. I could go home and live for six months on that. I remember I rented a room in an apartment and had to hang up sheets for blinds, and my pillowcase was a t-shirt for the first few months. Tough times, when I missed family and friends (this was the time of letters, not emails and zoom calls). But it all worked out and stayed for 4.5years, and the experience made my resume so much better than my peers when I returned home.

So, my career & adult life was born in hard times. It has made me financially conservative. Always ensure that we had good liquidity in case of loss of job, changes in the market, illness, etc... Spend most of our money on appreciating assets, not depreciating.

Now I know that most of us that have significant funds in LTR have found the last year frustrating, even downright scary. The market has become very depressed. But for those of us that have seen bad times before, perhaps we view it as just another cycle.

My belief is that what LTR is currently going through will become part of its DNA. It will be stronger for it growing up in an environment where agility, 'protecting the downside', cash is king, and putting something aside for a rainy day - is all burned into their psyche. LTR is not growing up soft, it is fighting for its survival and doing the right things to make sure it thrives in the future.

To all the management and team at LTR, I wish you all the best. You have so many that are so proud of your achievements, and we are in for the long haul (to the port) haha.

Go the Lion!
DYOR