In the early days of the blog, I wrote about why Seattle quake is the scariest and most underestimated cat risk in the US (if not the world). It is a peak zone that isn’t treated like one. If you haven’t read that piece before, I suggest you start there. Continue Reading
The Proper Way To Conduct Share Repurchase
In light of buybacks being back in the news with the proposal to increase the tax, I thought I’d write about how companies should think about buybacks since many do it wrong. First, quickly, buybacks shouldn’t be political. As you will see from my framework, they are a rational decision Continue Reading
My Life Story Told Through Super Bowls
Today, I’m going to do something a bit different and tell a personal story, though I suspect it’s one some of you can relate to. For those that can’t, perhaps it will help you understand the pull sports has on society. This Sunday will be the Eagles fourth Super Bowl. Continue Reading
Insurers Are Earning Far More Than You Realize
Investors spend a lot of time modeling the earnings of insurance companies and I was no different. However, I never found traditional GAAP models satisfying, so I had a number of alternate ways of looking at the quality of an insurer’s earnings. Today, I thought I’d share one as it Continue Reading