Hi friends. In my book, “Choose Stocks Wisely,” I tell some personal stock investing success stories and some horror stories. The disappointing experiences shared focus on my ventures into a couple of dry bulk shipping companies. These were some significant losses taken and I learned a lesson I attempted to write about via telling of the experiences with dry bulk shipping investments. Dry bulk shippers had been going gangbusters but when I bought, they were in a period of declining demand. So, the great value I saw in the balance sheet numbers of these shipping companies was not real because the book value of the main asset, namely ships, was vastly overstated on the balance sheet. […]