One wonders whether the BA course that Gabriel Panayotides took at Pireaus University of Economics contained detailed studies of the worst, as well as the best, of trade cycles.
In particular, what can happen if you invest very heavily in the good times and what happens when a slump arrives.
Was last week for “Villy” — as Panayotides is known by his friends — the worst ever?
It cannot be fun to watch your shipping company lose almost half its stock-market value in one daily trading period alone.
But
