Investor Points of Few – “So, an Economist and a Flipping Coin Walk Into a Bar…”

Winston Churchill said, “The farther back you can look, the farther forward you are likely to see.” That’s a thought-provoking insight at a time when our addiction to instantaneous information seems inversely proportional to its value, and the nose on our faces is what usually determines the distance between our eyes and our i-Phones.

Investor Points of Few – Why We Don’t Buy Insurance Until After the Earthquake

Folks, human nature makes it far easier to make calamities sound more convincing than common sense, and then extol the poor performance of products considered safe havens as “the right thing to do.” It’s far more difficult to try and be the reason that some people see the logic beyond all those grim fairy tales.