Last week I wrote about the premise of embedded insurance and why I feel, in most cases, it does not benefit the consumer. This week I am back to write how it’s also a bad idea for the insurers! Why? Because you are doomed to be a commodity provider. Dumb Continue Reading
Is Embedded Insurance Bad For Consumers?
I’ve been meaning to write about embedded insurance for some time. Embedded insurance is everything that is wrong with the startup approach to insurance. Rather than look at things from the consumer’s perspective and ask how it helps them, embedded looks at things from the insurer’s perspective: how can we Continue Reading
What’s The Biggest Risk To Banks? Non-Banks Acting Badly
I see so much confusion out there about the banking troubles. This perception that any bank who didn’t receive a bailout 15 years ago is in trouble is so misguided. Or that social media makes bank runs more likely. Or that duration is suddenly a bigger risk than credit. So Continue Reading
Sell Your Berkshire Before It’s Too Late
This coming weekend is the annual Berkshire shareholder meeting, aka “Capitalist Woodstock”. However, like the other Woodstock, it’s been a long time since anything meaningful happened. While Warren is obviously an unparalleled success as an investor, I think even he would admit the annual letters and meetings over the last Continue Reading