Diego Segura

While Lemonade’s growth has been steep, so too has its learning curve. At the end of 2017, its loss ratio—the amount it pays in claims divided by the premiums it collects—was an unsustainable 166%, compared to 65% to 70% for large insurers.

I asked Rob what he thought was the most revealing detail in his book. He thought for a moment before saying that it was the way Dalio treated his longtime number two and protégé, Greg Jensen . Jensen, as the book conveys, was a devoted Dalio acolyte of both the man and his Principles. Jensen was hoping to succeed Dalio and kept waiting and waiting... See more

One person recently likened LVMH to me as a private equity firm with 40 percent carry rather than 20 percent carry. Not a bad deal.

"There is a tremendous squeeze these days," said Arnold Kaufman, editor of Standard & Poor's Outlook newsletter, which tracks dividend trends. "Profits are no longer high enough to pay for dividends at many companies."

A recent study by McKinsey found that the average life-span of companies listed in Standard & Poor’s 500 was 61 years in 1958. Today, it is less than 18 years. McKinsey believes that, in 2027, 75% of the companies currently quoted on the S&P 500 will have disappeared.

In another YouTube-generated video, Shukla sings: “Leave India if you are scared of saffron”. The Hindu right-wing has appropriated the colour saffron, which is often prevalent in demonstrations against Muslims.

The transition to pink as a sexually differentiating color for girls occurred gradually, through the selective process of the marketplace, in the 1930s and 40s. In the 1920s, some groups had described pink as a masculine color, an equivalent to red, which was considered for men but lighter for boys. But stores nonetheless found that people were... See more