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Aristotle Onassis

lines on the record: 24
first: 2019-08-11
most recent: 2019-08-11
sittings or episodes: 1
sources: podcast

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“And finally, the last sentence of the book. I want to bring this to your attention. It says the end of the story question mark. Not at all. Aristotle Socrates, which is the middle name, Onassis, was setting out to show that life begins at 62. He's already married to Jackie Kenny at the time. Lisa wanted to bring that point up is because I'm sure he didn't think he'd be dead in five years from now. His son dies in a plane accident at 24. Onassus never recovers and dies himself two years early or two years later rather. And his whole family had a devastating. He winds up divorcing his wife. His wife dies from a drug overdose like a year or two before he dies. His daughter dies of a pulmonary, something to do with her heart, but it sounds to me like drugs too when she was in her 30s. His son dies at 24. So it was also very tragic.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“His profits arising out of the crisis at anything between 60 and 70 million dollars. But again, we go back to how crazy this industry is with the shipping boom did not last. Unexpectedly and to the surprise of the highest authorities, Anessis continued, instead of taking an indefinite time to open up again, meaning the canal, it only took a few months to clear the canal. This had the effect of suddenly turning the whole subject upside down, but still to make $60 or $70 million in a few months. None of the belligerents had won the Suez War, but the only big, so it means like neither country won the war, but the only ones that won were the big tanker operators. Onassus, Stravo, Switch his brother-in-law, Lavanos, which is another Greek rival of his, but also his father-in-law. So Stravos and Onassis marry Lovanos, who's a famous Greek shipping tycoon before Onassis in...”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“It says, Onessus was still suffering from the after effects of the Saudi Arabian affair and the oil company's boycott. So, like I referenced earlier when he tried to take about 10% of the business from the American companies from Saudi Arabia, they blacklisted him. So it says he found it difficult to get new businesses because I was in the doghouse with the oil companies, he said, and could get no new charters. I had a great number of idle ships on my hands. And that's really bad because it's going to cost him a lot of money. This is around the time he's losing about $40,000 a day. Suez was a godsend. So he has all these ships just sitting there at a time when now you need chips. As soon as the canal was closed, Onassa's ships took advantage of the skyrocketing rates. His idle ships turned into mints, meaning just printing money. Instead of facing grave difficulties, his position was ideal in these circumstances. Look at this bastard, his competitors were saying. He himself said this is poetic justice. Poetic justice helped to bring off a tremendous financial coup. His estimated”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Describing his relationship with them. He says in business, we cut each other's throats, but now and then we sit around the same table and behave for the sake of the ladies, meaning their wives, the Lavano sisters, so their married sisters, who remain totally unaffected by the rivalry of their spouses. How bizarre is that? They go to war and then maybe see each other at the holidays? I don't even know, but Onassis died relatively young at the end this book ends well. The book ends, it's printed when Onassis is 62 and he dies a few years later. Stravos survives for quite a while. He dies at 86. But I do think they're both interesting people that prior study. Real quick, I just want to go tell you a little bit more about how the Suez Canal or crisis.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“The volatility of this asset I'm describing to you. Before they fulfill their 20-year lifespan, they were once more worth $400,000 each. All these values based on their earning capacity in a freight market, which fluctuates just as crazy from a peak of $40 per ton to a low of $4 per ton. So not only their assets going up and down, but what you can make on them, of course, is going up and down. And this is still a direct quote from Onassas. He says the stock exchange fluctuations of the 20s and 30s by comparison are Monte Carlo Roulette, for that matter, were as mild as flutters at a church bazaar.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Aristotle describing the volatility, volatility obviously can make a fortune and can destroy a fortune, right? But it's very hard to not become wealthy without some form of volatility, right? And hopefully the volatility is obviously going in your direction. So check this out about the volatility of the shipping industry. Onassus mused about the vagaries of the tanker market in which he had made his millions. This quote from him, take the last 20 years, roughly the period since the end of the war, World War II, that is. He said, asking indulgence in cases memory is not accurate to the last $100,000. Immediately after the war, I'm going to omit the size of the tankers because they're not important, but the numbers are, the dollar amounts are important. Immediately after the war, a tanker, which cost the government about $2.5 million to build during the war and having given good war service, fetched as much as”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“So the book goes back and forth on this for a long time. This plays out for a very long time. I'm just going to go to the very end. He says, as he was wont to do, Aristotle Nassus was sitting on the deck of the Christina. That's his yacht, staring out at the wide expanse of the sea. He liked the loneliness of the night when all was quiet and he could be alone with his thoughts for hours, I do too. Sending them out as if it were across the ocean and over the horizon like tentacles to bring back new ideas and solutions to old problems. The subject that agitated him at this turbulent stage was the indictment hanging over his head in the United States and the civil claim linked with a criminal proceedings. So they hit him both. They hit him with a civic charge first, civil charge first and then criminal charge as well. As a result of his communion with himself in the dead of the night, he decided abruptly to take the next flight to New York. He did not like it. It was just weighing on him too much. I'm just going there. I'm going to face whatever happens. And a lot of other, he's not the only one under indictment, a bunch of other people in the shipping industry are. Let me just wrap it wrap up this part of the book. The Justice Department wanted $20 million. They settled for seven million.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Madison Office Avenue. He sent the following tentagram. So he writes to him, he goes, Listen, I place myself at your disposal during my visit to this country for any information you or your department might care to have. And he says, at this time, you took a poor view of the caliber and standards of some people in high positions and said so. So he's saying what aggravated him was that the Attorney General did not even give him a chance for a talk, not replying to his telegram. And now he's yelling. He says, this is the man whose legal firm had been paid big fees to advise me. So, you know, there's some shady stuff on both sides happening here. Some of this Arizona makes some mistakes. He brings us on to some degree on himself. At the time, so the theory is not only that he may have paid people off, but there's another theory because at this exact same time, the indictment was happening in the United States is he does his deal with Saudi Arabia. He's like, hey.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Letters. If I'd known what was coming out of this Monte Carlo business publicity wise, and they'd given me a million dollars, I would not have gotten into it. He says, if I were in the passenger business, the publicity would be worth millions. In the cargo business, it only hurts. It's like having a wonderful laugh that gives you a sore throat. When he was alive, he had to be one of those famous people in the world”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“This is what he liked about night work. It left him his days free to explore, new avenues of advancement. Remember, he's focused on advancing. He sublet his bed to a fellow Greek who slept in it while he was on night shift. So he around a lot of other poor people realizing, hey, most people they want an apartment or a place to live just because they have a place to sleep at night. So I'm going to give this guy my bed for cheaper and heating an apartment. And it's just added money to me because I'm working. He made a study of local, this is his first business. He winds up manufacturing cigarettes, interesting enough. Actually, importing tobacco. What he does here is really, really smart. He made a study of local cigarette manufacturers who might become his customers. I should back up. His father, he fell out with his father. He wind up through telegrams and letters. They wind up repairing their relationship. And he's like, hey, dad, you can import tobacco. Why don't you send?”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Greatest description of entrepreneurs. I think comes from Paul Gran. He says, Paul Graham, he says they're relentlessly resourceful. And Aristotle definitely fits into that. He says another suggestion for young Onassis. Would he care to become a telephone operator? Aristotle was all for it and involved only a few days training. He learned quickly, and he and soon he had mastered the mechanics. Three weeks later, he saw another chance to better himself. So again, realizing I just need to get, I'm on one vine. I need to swing to the next, right? I'm not going to let go of the vine I'm on until I know I can grab the other one, but I'm waking my way up and keep focused on progress. So he starts out 25 cents an hour, then he does time and a half, then he becomes a telephone operator, and now three weeks later sell another chance to better himself. Would you mind switching to night work? His boss asked him. He starts getting more money because he's working overnight. And then what happens? He realizes, well, if I'm working overnight, I don't need my bed. I can rent my bed out.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“He was asked by the manager whether they would be willing to work overtime. Aristotle Anassus was not sure what this implied. His boss, he was working at this place called Western Electric, by the way. It has like a telephone exchange, which is very manual back in the day. His boss explained that anyone prepared to work after 5 o'clock would be paid time and a half. Aristotle promptly volunteered. And so they asked how many hours will you work? And he says, hours. Aristotle's reply was all night. At this rate of pay, he was prepared to work 24 hours a day with one stroke he and his friends were rich, quote unquote. He now earned three times the amount he needed to pay his way. So what he figured out was like, these are my monthly expenses. And so I need to make sure I hit this every month. Eventually, rather quickly, he winds up for every month. He works this way. He buys three more months of expenses. This is more examples of his resourcefulness.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“So Onassis is in this. What does he do? He realizes they're like, well, if you pay another 20 bucks, you could transfer to a cabin where you share it with six other people, but you're not in the hall, right? Well, he doesn't have the $20. So he says the alternative was a personal approach to the purser, which is this guy running the section they're in, which is the course he chose. Reinforcing his plea with a $5 bill, meaning a bribe, he sweet-talked, as he puts it, and somehow persuaded the purser to let him stay in the aft part of the ship. So he's realizing, okay, like these are the guidelines they're giving everybody else. The vast majority of the people on the ship are not thinking like entrepreneurs, right? They're like, oh, okay, well, that's it. I have to stay down here. And if I want somewhere else, I have to pay $20. Entrepreneurs realize that what Steve Jobs has told us is one of the most important things that you need to learn in your life, and you'll never be the same once you internalize this.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Totally unnecessary outlay because they contended Socrates and Nassus had already been acquitted and would have been released in any case. Again, why you, they were killing people left and right. I'd buy some insurance. It's okay if I spend that money. Aristotle was very upset. Never before had he felt so humiliated and never ever after. The injury to his pride produced a typical reaction, and later he said that the anger and frustration of this period of his life gave birth to the ambition and drive, which later took him to the top. He was anxious to get away and took the traditional Greek way out. I shall keep no more than a quote from Aristotle to his father. I shall keep no more than $250 of what's left, and I'll emigrate. His anger is coupled with an urge toward adventure. Above all he wanted to remain his own master. Remember we talk about this, like the motivation, why do so many people interested in entrepreneurship also so weird? Why are they misfits to use Steve Jobs?”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“He winds up going to the family safe, taking out some money. I think it was like $20,000 to $40,000 and basically paying for his father's bribing to get his father released, right? But the family is mad. And Aristotle's humiliated. And this is when he starts seeking freedom. And then this is where he says, looking back on his life, that ambition.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Aristotle is able to, I guess bribe would be the right way. He was able to visit the jail where his father and other people in his family and friends are being held. And he's able to go back and forth. So he's sneaking in money for them so they can pay off the guards. He's sneaking out communications. He winds up getting caught doing this though, right? So he has to, they're like, oh, this guy, like now, it doesn't matter that you have this pass, you're going to be in jail. And so he winds up going for a walk with a soldier supposed to transfer him from one part to another. And he winds up, the soldier wasn't paying attention. He falls back a little bit and runs full speed to the US military zone. And he says he runs as fast as he can nonstop for like 15 minutes. He gets there. So now he's in the U.S. Marine zone and he meets the console. This guy's name's console Parkers.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“And all of them are like, no, I don't have alcohol. I don't have alcohol. And he didn't understand because he look, they were staring at Aristotle like they weren't verbalizing it, but their body language and their eye contact was like, what are you doing? Like, what are you doing? And he realized, oh, they're not going to help me when I have this Turkish soldier here. So he goes back later on by himself, explains what he's trying to do to family friends, and they finally give him some alcohol, even though he's extremely valuable at the time. They'd make it themselves and they were hiding it. So then he goes and gives it to the Turkish soldiers. He starts getting like a pass. They give him like paperwork that in case he's stopped by soldier, it means like don't kill him. He's okay to be on the streets. He says the transaction was not only early evidence of Ariosado's native talent for dealing with intricate problems of supplying demand under adverse circumstances. What mattered most of this time was his acquisition of a second”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“So now, this is where he figures, he starts acting almost entrepreneurial, right? The Turks wanted alcohol. They were the central command. I don't know what their version of it, but let's say in an American army, it'd be like the general forbade the Turkish soldiers to drink, right? So the Turkish soldiers wanted to get around that. They wanted alcohol. And Aristotle's like, well, if I can figure out, and it was really hard to get at the time, If I can figure out how to get it, I can ingratiate myself with them and maybe like I can show that I'm useful. One, they'll let me live, and two, I may be able to rescue my father. What happens is he meets his Turkish soldiers, you want alcohol? I can get it. Don't worry about it. So he goes around with the Turkish soldier and he goes to all the other people he knew because he was from a rather prominent family on the island they loved.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Never mind, Father, he said, if we survive, I'll show find a job keep the family going. He did not know it then, but this was exactly what would happen. So now the war breaks out and people are being killed right in front of him. He said Aristotle saw men being dragged from their homes and taken away. Many were put up against a wall and shot in cold blood. Remember, he's 16 years old. So while I'm telling you the story, think of what you were doing when you were 16 and imagine having to go through this. Others were hanged from trees. He's literally in a war zone and lampposts. Grown men were begging for their lives. Women were screaming for help. Children watching too numb to cry. It talks about this river by their house floating in the water could be seen clusters of severed heads of young Greek girls tied together by their hair like a bunch of coconuts. Fate was even more gruesome. Now this is...”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Speak Aristotle could sense his deep anxiety. Family and property were in danger. Yeah, you could say that again the business he had built up over the years was liable to be wiped out. His father appeared to weaken and Aristotle seemed to gain strength and maturity. He had reached a stage when he was, now this is interesting, so his father wanted him, remember, he wanted him to be in business, but he also wanted to be an educated person, so he wanted him to go send him to school at Oxford in England. And so he had reached a stage when he was fully qualified to enter Oxford. This was his father's dearest wish. However bitter the thought, he realized that this dream had vanished.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Still four months away from his 17th birthday, and he went to sleep knowing that this was the last day of his youth. So what they're talking about there is you can see the Turkish ships in the harbor right by their house, and they're going to invade the very next day. Aristotle was awoke to the thunder of guns. Aristotle and his father had their first inkling of disaster when looking out from behind the curtains. They could see the city being swallowed up in thick dark smoke. But what registered most in Aristotle's mind was his father's somber face and the despair in his eyes. Though Socrates, remember, a lot of times like you're not going to reach your full potential unless you're, in many cases, you're forced to. And this is an early example of that in Aristotle's life because at 16 years old, he's like, okay, there's no more time to be a boy. I now have to grow up and I have to take care of my family. Not only does he have to take care of families, that's secondary, he has to make sure he survives first. So a ton of people that they know are going to get killed right now. Through Socrates did not...”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“It was a huge disappointment, but his father's stern regime paid dividends. In spite of his preoccupation with sport, they call him Aristotle. I'm going to call him Aristotle, made good progress at school. His quick grasp and his extraordinary memory made up for time spent in other pursuits. He learned to speak English and soon knew enough French and Italian. I think he winds up, so he knows English, French, Italian, Greek, and I think one other language as well. Okay, so he's a teenager at this time. He hasn't had a mom for almost 10 years, and this is the start of the Greco-Turkish War, and this is going to come right to his front door, literally. So it says Turkish progress was so rapid, meaning they're invading where he lives, that any plans though Nassau's brothers, meaning his dad and his dad's family, made for the future were quickly overtaken by events. Socrates gathered his family around him in his house by the sea. Aristotle Onassis was”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, so his father was a merchant, an entrepreneur, another word for that, and he wanted to teach him business, a young Aristotle business, but interesting enough, Aristotle wasn't interested yet. Aristotle's only inclination at this time ran towards sports. He sailed, rode, swam, and played water polo. And socrates is talking to his son. He says, what are you going to be? A fisherman or a boatman? Because remember, they're Greek. That's their occupation, their expected occupation, I should say. It has something to do with the sea. Neither was an occupation worthy of Aristotle, he said, which turns out he changes his mind, obviously. He was 14 when he was in line for a place in the Greek National Water Polo team to compete in the Olympic Games, so he's focused on sports at this time. It was a great honor, but his father put his foot down. The expedition would interfere with the boy's studies, he said, and he would not allow him to go. So another disappointment.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source
“So, Socrates at the age of 26 met Penelope. That's, or excuse me, he didn't meet her. That's when Onassis' mom named Penelope dies. So at the age of 26, Penelope died as a result of a kidney operation. Aristotle was only six. So this is before the war. He loses his mom. This is the first tragic event in his life, one of many. Aristotle Onassis says that he was brought up by his grandmother. Remember his grandmother because she's going to befall tragedy as well. Aristotle was a quiet, sad little boy who solely missed his mother.”
2019-08-11 · Founders · #84 Aristotle Onassis · IDENTIFIED FROM THE TRANSCRIPT · source