Posts Tagged ‘creating reserve’

Nov
12

Handling Money- Learning from the Titanic (Part 1)

Handling Money- Learning from the Titanic by Suresh Padmanabhan (Part 1)

There is a great learning on Money and Finances from the sinking of Titanic. The majestic ship considered as the strongest at that time set course…
No other ship has captured the world’s attention, quite like the Titanic ship. Constructed to be unsinkable, this first class ocean liner set sail on April 10, 1912 on its maiden voyage.
The ship was considered to have been so well constructed it was believed she could sustain any amount of damage and still remain afloat. Little did anyone of the 2228 passengers and crew knew of the big tragedy in front of them. Late on the night of April 14, 1912, the sinking of the Titanic proved this idea wrong in a horribly tragic way. A total of 1,523 lives were lost when the Titanic ship sank like a pack of cards, beneath the ice cold waters of the Atlantic.
As the ship was sinking there was free for all. Each one wanted to jump into the boats and escape to safety. One of the main causes said was the shortage of lifeboats. There were only 20 of them, more could have been accommodated but were not done for it would add clutter and occupy more space.