Aristotle: Mr. Science

Aristotle Onassis was born on January 20, 1906 at Simyrna, a prosperous Greek city on the western coast of Turkey. That said, he was born of a poor family, whose life is always short. That said, his father is a vendor of homemade wares from door to door, and her maids. Onassis never tried to straighten out the crowd about her past, at least in public, because such stories are usually just adds a brilliant aura of mystery that surrounds him. He has always realized the importance of one's self-image for success, something which we will discuss later.

In fact, Onassis's father was a wholesaler who were well off and have a name because he also served as president of a bank and a local hospital. Onassis heiress but not her father's wealth, and he became rich because of his family wealth. As we shall see, he went to the United States when there was a family dispute while he was 17 years old. He took with them $ 450 in his pocket, it was only $ 250 was money from his family. His father reluctantly gave a new kind of money will be given at a separate, because he did not agree with his departure. Father and son were never close, a strange thing in the Greek family in the homeland. Onassis's father who was raised on a farm with an effort to accumulate wealth.
Her character is very disciplined and hard. Although always aware of the sense of responsibility, he is not one that can be called a warm and attractive. Onassis soon rebelled against any form of discipline. Since children through adolescence he generated a lot of fuss and commotion, a thorn in the eyes of his father. Their relationship became more complicated because some other reality. His mother, Penelope, when Onassis died only six years old. Only 18 months after his father married a woman named Helen. Onassis saw his stepmother as others who are smuggled, and therefore she did not have any place in his heart. At school, he was stupid and like to look for cases, following the example of many of the rich. No wonder he was expelled from several schools. He is most often ranked the lowest in its class. One teacher said: Your classmates adore him, but because the teacher and his family were in despair. While he was young, one can easily see that he will be one among them who would destroy himself at all, or a glorious success.
Although report cards on schools Ari far from good, his talent for trading and making money has seemed from the outset. The following anecdote may be explained. One of his friends who have designed a small propeller, a simple toy that consists of a propeller that is attached to the needle berpasak paper on a piece of wood. Proud of his achievement, the boy bravely made some fruit and try to sell it.
Another story describes a Onasis business talent in his youth. One day, a fire broke out at the warehouse schools in the city of his birth place. Onasiss buy a piece of pencil marks of the fire at a low price. He plants a littlecapital to buy the two-style pencil sharpening. He, together with his friend, began to clean up parts of the charred pencil. Then he sells pencils, pencil it back to my friends at school with a very cheap price, but still provide a large enough profit. Perhaps this example is mediocre, but it works like this is a big business someday Onassis. He repaired the ships were damaged and makes it feasible to sea, and sell them at prices much higher, of course. In school, time went on, but Onassis did not look up. In 1922 began not fun. Many of her classmates went to study at major universities in Europe. But Onassis was not passed.
The future looks bleak for him. A few days after the diploma ceremony, one of his friends saw Onassis walking aimlessly around the city park. He tried to cheer Onassis. In 1922, the Turkish invasion caused a dark shadow on the turbulent teen Onassis. Smyrnba occupied and cleared the town without mercylove. Onassis's father, a man widely known, was imprisoned and Ari became head of the household at age 16. This is a very difficult time for him. And at this time heapply his brilliance as a diplomat and his ability to survive under any circumstances.
This difficult period is precisely the right experience to shape his character. Onassis landed in Buenos Aires on September 21, 1923. Luggage an old suitcase and money as much as $ 450. But within him he took with themwhich is more valuable: a determination to prove to his father that he was able to become rich without the help of his father. This confidence will carry alonghis life. Without a diploma, no job, money and connections influential people, Onassis had to start by doing a variety of menial jobs. He became a carpenter kenekstone, brick porters on a construction project, dishwashing in a restaurant, and eventually became an apprentice electrical installer in the River Plate United Telepchone Co. Forsomeone with a healthy ego as he is, this is not worthy achievement.

End year 1922 marked a major decision for the life of Onassis. His first failure as ship owners do not make it back to keep investing in the sector. He was going crazy shipping. He is moved by an inner conviction that the ship alone will bring him to the level of success. So, gathered all his money, which is a reasonable time, then went to London. He was only 26 years old.He has been known for its reputation as a businessman who dared, especially after his appointment as Consul General of Greece in Buenos Aires. But this is not a diplomatic function is time-consuming.
Market, which suffered heavily from Wall Street stock market collapse of 1929, giving investors the opportunity baikbagi. Ships to be cheap, well below the original price. The best step is to buy the ships was 10 years. For the nine-ton ship originally cost $ 1,000,000, is now sold only $ 20,000, roughly the cost of a Rolls-Royce. What does the Onassis while still a child will now be repeated, but the scar is ship the goods.
Although his business is now in London. Onassis purchased his first boat, the two old boats each costing $ 20,000, in Montreal. Both ships are named 12 Miller and Spinner, was renamed Socrates Onassis and Penelope Onassis, as a signtribute to his parents. To make a profit in the shipping business, it is important to pay attention to the ups and downs and charge the cost of making the right decision. Onassis is able in this case. More than that, he was an optimist who neverretreat. By the nature of adventurous and bravery, he immediately stands out among the owners of the other Greek ships based in London, because unlike them, hehave not thought about the economic crisis. They are, he is not afraid to invest his money.
Agility and diplomacy luggage quickly ushered him into the high class society. Should not be forgotten, one of the lubricant in the path gains to the elite class is a relationship with one of the first mistress, the beautiful Dedichen of Norway Ingeborg, the daughter of a famous ship owner.
At the end of 1947, Onassis went through the other in a brilliant career. For the first time in his life he will begin to systematically apply the principle known as the OPM (Other People's Money, Other People's Money OPM), to borrowthe Metropolitan Life Insurance Company for $ 40 million to build new ships. As a tactic he used an oil company as a partner. Onassis will transport their oil and the contract will remain in effect until the expiration time limit debt. Because the oil companies at that time very Reliable, borrow on behalf of the company was very easy. In a sense, financial institutions lend money to oil companies, not to Onassis. Onassis often recall those days with pride.
He said that the rich oil companies in connection with the ships Onassis is like a tenant with a house occupied by payingrent. If the rent is Rockefeller, does not matter whether the roof is leaking or gold tile. If Rockefeller agreed to pay the rent, anyone willing to provide loans for home care of it. This situation also applies to ships Onasssis.
This principle is now so commonplace. This is the basic principle of all real-estate development investments. If one borrows money for a business building, bank actually lends money to the tenants of the building. They will return the money, unless the building was owned by an investor. This principle was considered revolutionary at the time of Onassis, Onassis and keorisinal laudable idea because most boat owners Yunnai at that time adhered to the principle: How can the ship, pay cash. Although he was an innovator as far as he is not using the methods of its competitors, it is not the inventor of the OPM, although perhaps he says so.
The concept was born from the brain Daniel Ludwig, a wealthy American businessman. He has started to invest money in the vessel fleet was far superior to even the Onassis property and then move on to the real estate business. Already in the 1930s, Ludwig developed what would become common practice everywhere. The idea came to him after a bank refused his request to borrow money that will be used to buy ships and tankers merombaknya be. Onassis died on March 15, 1975, but in the end of his life he asked one of his accountant whether he can say he has the size advantage quickly by rounding to number ten dollars.

source : http://kolom-biografi.blogspot.com/2011/07/biografi-aristoteles-onassis-milyarder.html