Nishal Desai
@nnd
Nishal Desai
CPI figures indicate rates overall were only 3% higher
in January 1979 than a year ago. But the items that make up loss
costs - auto repair and medical care costs - were up over 9%.
How different than yearend 1976 when rates had advanced over 22%
in the preceding twelve months, but costs were up 8%.
in January 1979 than a year ago. But the items that make up loss
costs - auto repair and medical care costs - were up over 9%.
How different than yearend 1976 when rates had advanced over 22%
in the preceding twelve months, but costs were up 8%.
Chairman's Letter - 1978
industry dynamics out of ones control will impact profits
Middle West Partners
middlewestpartners.com
Insurance companies offer standardized policies which can be
copied by anyone. Their only products are promises. It is not
difficult to be licensed, and rates are an open book. There are
no important advantages from trademarks, patents, location,
corporate longevity, raw material sources, etc., and very little
consumer differentiation to produce... See more
copied by anyone. Their only products are promises. It is not
difficult to be licensed, and rates are an open book. There are
no important advantages from trademarks, patents, location,
corporate longevity, raw material sources, etc., and very little
consumer differentiation to produce... See more
Chairman's Letter - 1977
in a commodity market, like insurance, where there are no real moats and the playbook is all available for anyone to copy…it all comes down to trust based on if the brand can maintain its promise.
the leadership has outsized impact on the performance
Everything That Turned Out Well in My Life Followed the Same Design Process
Henrik Karlssonhenrikkarlsson.xyz
People vs Algorithms
youtube.comMarquee Ventures
marqueeventures.com
