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Lobnek Newsletter, December 2020

Lessons From The Titanic

Lobnek Wealth Management,  December 2020

“I cannot imagine any condition which would cause a ship to founder. I cannot conceive of any vital disaster happening to this vessel.”

Edward Smith (1850 - 1912), Captain of the doomed RMS Titanic

Captain Smith was no novice, having accumulated more than 40 years of experience, commanding some of the largest and most prestigious ships of the time across the vast oceans. Not only was he a highly seasoned commander, capable of navigating the treacherous seas, he likely thrived in conditions of uncertainty and chaos, tackling nature’s adverse elements in their most destructive forms. This is why, when news of the RMS Titanic accident reached the shores, it had the effect of a shockwave: nobody fathomed such an extreme catastrophic event from materializing and for good reason. The Titanic was a marvel of engineering, its sheer size and splendor were such that when combined with all the marketing, it gave the impression of invincibility, indestructible against the elements, a sense that nature had finally met its match!


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Lobnek Wealth Management

Independent Wealth Manager