2023-04-30 07:50:10
Published on 28.04.2023
Estimated reading time: 1 minute
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First of all, a big thank you to Freedom which offers me a maximum of 1600 characters to express myself. This is 5.71 times better than Twitter (280 characters), but 2.5 times less than the paid version of the little blue bird (4000 characters, spaces included). I have a weakness for Thema d’Arte evenings (Tuesdays) even if it’s sometimes long.
Tuesday of last week, as part of Planet finance, I learned that “catastrophe bonds” generate much higher interest rates than other assets. Investing in both a bond that covers earthquakes in Mexico and typhoons in Japan is a sure winner, with disasters rarely occurring simultaneously.
These portfolios have an average of 200 positions. Indian or Chinese genius mathematicians are recruited at exorbitant prices in the USA to bet on horrible events which, the more they are, the more profitable their obligations will become. Did the tsunami shock you? Them too! But not in the same direction!
In the United States, some companies can take out life insurance for their employees, of which they would be the sole beneficiary in the event of death! This is an argument in favor of the digital patient record! “We want your good, and we will have it.”
Hard to sum up three hours of documentary! “The misfortune of some is the happiness of others”? No. Too long, too complicated for today. No, simply: “Catastrophe for sale, guaranteed return!”
Daniel Ding, Lentigny
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#Misfortune #pay #big