ABSTRACT
The presentation of information and people’s cognitive awareness are key factors in recognizing, framing, and recording data in people's brains. In the shipping industry, people have a number of newspapers, magazines, and websites to tell them about the market, the industry, transactions, trade activities, and the gossip of the business. People want to see their successes, not their failures. Thankfully, people’s memory recording system is governed by the limbic system rather than the emotional center. Failures are usually hidden and people hesitate to declare them. Without any knowledge of what led to that success, people think of the process as painless and effortless, free from any kind of problem. This is what people call 'survivorship bias': survivors are on the stage; losers run away! There is no shortcut for being a successful shipping tycoon. The outcome of good positioning may seem like luck, but this devalues the decisions made by those leaders before the luck showed up.
