$45,000.Forty-five thousand dollars is a conservative estimate of the 30-year opportunity cost of having family PPOPreferred Provider Organization coverage instead of a high deductible health plan (HDHP).According to the Kaiser Family Foundation ("Kaiser" ...
Business, Statistics, and the Carpenter’s Cup
The Holy Grail scene in Indiana Jones and the Last Crusade shows the closing piece of the riddle to find the cup of Christ. Walter, businessman-turned-scoundrel, outsourced his decision on which cup to choose to Elsa, the archeologist. Caught by his lust ...
Intentional Discomfort
I used to wonder why airline seats were so uncomfortableNow we have economy seats that charge for the right to choose a seat and check a bag (and sometimes even for a carryon. Thanks Frontier). Then I started to understand metrics like revenue per seat, t ...
Is The Cheesecake Factory in the Healthcare Business?
People who work on the business side of healthcare often wish that companies would think about healthcare more often, or even concede that they are in "the healthcare business." I suppose part of this is the law of the instrument, which even if not said b ...
The Power of Inversion, or What to Avoid.
Charlie Munger reminds us that inversion helps us solve problems we may not be able to solve in other ways. As an example, he says if you want to help India it's helpful to first ask "what's doing the worst damage in India....and how do I avoid it?" What ...