Do you know how to run a successful horse insurance business? That is, a life insurance business that insures the lives of horses? The key is to look not into the mouths of the horses, but into, as it were, the mouths of the owners. It turns out that for the most part, horses live more or less normal horsy lives. What you’ve got to watch out for is owners of questionable character. Sometimes, if the horse hasn’t been winning, there’s a fire or an accident. Awful but true.
It was from that simple insight — underwrite the owners, not the horses — that a friend of mine managed to cut rates significantly for the morally sound owners, win much of their business a decade ago, and make himself rich.
Where else can you go for useful advice like this?
Tomorrow: The Roth IRA
Quote of the Day
The nicest thing about money is that it never clashes with anything I wear.~A model's remark to Al Rosenstein of Roseweb Frocks
Request email delivery
- Aug 23:
The World Happiness Report
- Aug 22:
Do You Make More Than $5 Million A Year?
- Aug 21:
A Well-Regulated Militia
- Aug 20:
Amazing iPhone Tip: You Have A Free Scanner!
- Aug 18:
400 Years Later
- Aug 16:
$5,000 For A New Knee; $400,000 For Literally Nothing
- Aug 15:
Bush 43’s Chief Speechwriter On Trump
- Aug 14:
Need A New Hip? A New Heart? Some Tomatoes?
- Aug 13:
Loving My Burgers
- Aug 12:
- Aug 23: