finance   158709

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The bad news is we’re dying early in Britain – and it’s all down to ‘shit-life syndrome’ | Will Hutton | Opinion | The Guardian
Now, death rates among older people have so much increased over the last two years – with expectations that this will continue – that two major insurance companies, Aviva and Legal and General, are releasing hundreds of millions of pounds they had been holding as reserves to pay annuities to pay to shareholders instead.
O_O  finance  pensions 
4 hours ago by libbymiller
I work for a hospital and none one received a payday today. : personalfinance
Lifeprotip: Autopay all bills on a rewards/cashback the balance monthly at your convenience. I have made $1000s in rewards doing this
credit  benefits  finance  money 
yesterday by cmananian
Shelling Out: The Origins of Money
Why and how was money it invented? In this long piece, Nick Szabo provides historical evidence.
yesterday by lindberg
The barbell investment strategy
Better than the Investopedia article. Read Taleb's work Incerto. Neither offer exact advice on what to invest in.

"Building a barbell portfolio, you slap on weights of extremely safe investments on one end and extremely risky ones on the other end. The safe investments carry with them virtually no risk of ruin. They are robust. Even in the face of Black Swans. The aggressive risk-seeking side of the portfolio opens it up to unlimited or sheer unlimited upside. Through this barbell approach, it is possible to build a portfolio that thrives under a variety of circumstances, including extreme ones."

"Middle of the road type investments offering medium risk and return should be religiously avoided according to Taleb. These types of investments typically rely on extrapolating current returns a number of years into the future. Generally, the investment case relies on predicting a certain growth rate or return. When something unexpected happens like an accounting scandal or a disaster, you take a huge loss on these types of investments.

Extremely risky assets are usually known to be extremely risky so they are priced by the market with the expectation of loss of principal as a real possibility. The problem with the middle of the road investments is they are sometimes priced as if loss of principal isn't really a possibility. When it does happen due to an unforeseen Black Swan type of event, results are disastrous. When the Black Swan doesn't strike, you aren't really compensated for the risk you were exposed to in the meantime."

"A common misunderstanding of Taleb's work is he's advocating 90% short-term treasuries on one side and OTM options on the other side and bet on freak outcomes. He literally says: acquire optionality without paying for it"

"Overstock is a prime example of a barbelled business": retail business that invests in crypto
investing  finance  advice 
yesterday by dandv

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