Long-Term Disability Insurance – Group vs. Individual Coverage

From an economic perspective, insurance is useful to protect against low frequency, high severity events.  Quite simply, we are well served to insure infrequent events that would be financially devastating like the loss of a home to fire or an untimely death.  This ultimately begs the question of why people purchase insurance to protect against [...]

The Lure of Investment Prediction

The following is an excerpt from the quarterly letter we recently sent to clients on the lure of investment prediction. Rock-paper-scissors ranks somewhere near the top of a list of universally known childhood games.  The game separates itself from games of pure chance like coin flipping or the card game war in that participants can gain an [...]