Baseball cards are part of Americana. The slotted binders, stats, and bike rides to shops evoke nostalgia too. The investment merit of cards fit is another question. An index of the rarest of cards may have outperformed the S&P 500 by 2.3x over the last 10 years but that’s a small niche with gated access….
Category: Industry Trends
A Tale of $2,000
Whether Einstein said it or not, compound interest is amazing: “…the eighth wonder of the world. He who understands it earns it, he who doesn’t, pays it.” Negative compounding is powerful too, and we pay it in the form of healthcare inflation. Over the last 10 years, annual healthcare inflation for workers has averaged 5%,…
An Analysis of Direct Primary Care
Mark Twain said “There is no such thing as a new idea. It is impossible. We simply take a lot of old ideas and put them into a sort of mental kaleidoscope.” Paying cash for primary care is not new, but it’s a model that’s resurging after decades of being overly tangled with insurance*. Direct…
JP Morgan’s Healthcare Cooking
Warren Buffett likes food and that stretches beyond burgers and peanut brittle. His second principle listed in the Berkshire Hathaway Owner’s Manual has a food metaphor: “In line with Berkshire’s owner-orientation, most of our directors have a significant portion of their net worth invested in the company. We eat our own cooking.” 99% of his wealth…
$300 Questions
There are things you Google: the population of Dubai, the weather, or quotes on insurance*. There are deeper inquiries: what’s a firm’s adjusted return on equity over time, management’s scorecard from share-buyback timing, what a hospital’s collections have been over time, the ROI of telemedicine, a hidden fact or tips on a contact for an…