Rule # 1: Don't Blow Up Rule. # 2: Don't Blow Up.
"A turkey is fed every day for 1,000 days, growing ever more certain the farmer cares for it—until day 1,001, when it’s killed for Thanksgiving."
Perfect example of a turkey-like investment: catastrophe bonds. https://youtube.com/shorts/S006Pz0BbJ0
Cat bonds pay interest if nothing happens, but the principal can be 100% wiped out if a natural disaster happens.
It's insane that anyone would buy this stuff.
lol this video is amazing! Pretty much summarizes the article pretty well could’ve saved myself the hassle
"A turkey is fed every day for 1,000 days, growing ever more certain the farmer cares for it—until day 1,001, when it’s killed for Thanksgiving."
Perfect example of a turkey-like investment: catastrophe bonds. https://youtube.com/shorts/S006Pz0BbJ0
Cat bonds pay interest if nothing happens, but the principal can be 100% wiped out if a natural disaster happens.
It's insane that anyone would buy this stuff.
lol this video is amazing! Pretty much summarizes the article pretty well could’ve saved myself the hassle