Comment / Danger of sunburn! Value destruction on the way

ID 24232886 © Damedeeso | Dreamstime.com

I was joyfully sunbathing on the beach yesterday down the east coast of Italy and I got a bit too emotional, I think – the bear inside me growing disproportionally proud of his inner bearishness – while reading a revised edition of “The Intelligent Investor” by the founding father of value investing, Benjamin Graham.

Thinking transport and logistics (T&L), as I sat there under the umbrella avoiding a burning next to a fully exposed T&L procurement guy who came to visit ...