Alibaba's Ma vs. Berkshire's Buffett; Lottery vs. Insurance: Saft - Insurance Journal

Insurance Journal

Alibaba's Ma vs. Berkshire's Buffett; Lottery vs. Insurance: Saft Insurance Journal “The empirical evidence is unambiguous: Selling insurance and selling lottery tickets have delivered positive long-run rewards in a wide range of investment contexts. Conversely, buying financial catastrophe insurance and holding speculative lottery ...