Monthly Archives: February 2011

Where’s the Romance?!

A dose of reality is always nice, but yikes: It’s hard to capture the linked-to post in an excerpt, and even harder to gut-check yourself through sentences like this (particularly in the context of insight like this): I don’t care … Continue reading

Posted in DW Smackdown

Inmates Run the Asylum

Just finished Russ’ podcast with Daron Acemoglu on inequality and the financial crisis. There’s a lot of interesting stuff here. The genesis of the podcast is a book by Ragu Rajan that I haven’t read. The ideas (as discussed in … Continue reading

Posted in economics

Douchebag Alert!

Man do I hate this post. Let me count the ways: Basic Math: I’d say I correctly broke down how a dollar  of insurance premium gets distributed, but I made two errors. I stand by the main cost being claims … Continue reading

Posted in DW Smackdown, insurance business strategy

Destroying Jobs [not the guy!]

I’m obsessed with this idea that I work in a commodity business. That statement breezes through quite a lot of legitimate criticism, but I don’t care. I’m convinced. And since I am in a commodity business, success at the margin … Continue reading

Posted in economics, insurance business strategy | 1 Comment

HR is a Low Priority

One frustration about working for a small company is the hiring ‘Strategy’.* The process (for general entry-level spots) goes something like this: 1. Realize you should have hired someone 6 months ago 2. Hire the next person you meet that … Continue reading

Posted in Uncategorized

The Systems in Your Life

For some reason I have an enormous affinity for the word ‘system’. I like to caricature the world as being broken into system-based activities and status-based activities. The former being the entire world economy before, say, 1900, and the latter … Continue reading

Posted in Uncategorized

Insurance is Complicated

Insurers are set up to pay three kinds of expenses: 1. overhead and commissions (under their control); 2. predictable claims (whose risk insurers ‘understand’); and, 3. crazily aggregating black mamba catastrophe claims (bolts from the blue). Let’s play CEO: which … Continue reading

Posted in insurance, insurance business strategy | 1 Comment