Has the #USlifeinsurance industry reached a time when practices surrounding affiliated assets, offshore reinsurance and general lack of product knowledge by new entrants should result in a pricing charge for potential guaranty fund assessment?

podcasts.apple.com/us/podcas… In this SOA rebroadcast I talk about ways that climate change impacts investment decisions. I am reminded of the NAIC private equity discussion and how thinking about emerging risks can help tackle issues. What could go wrong? @SOActuaries

It looks like the government is testing my null hypothesis that the Fed is noise to Treasury’s signal. Borrowing short to buy long shortens a portfolio and adds fragility to the economy. Beware the bond market!

crossingthinice.podbean.com/… Relying on rules of thumb is a sure way to get blindsided. From climate feedback loops to high-velocity risks, here is why traditional modeling fails in an unpredictable world—and how first-principles thinking can keep you ahead. #crossingthinice

In a world where rare earths are critical components for technology it seems an odd focus for US strategy to use so many missiles that waste them, especially since China controls supply.

open.substack.com/pub/rudolp… I have included as many articles as I can find, with links, and hope to add more over time.

We live in a world of unintended consequences. Will Chris Donahue, or others who are pushed out of the military after decades of strong service, become political rivals to those who pushed them out?

rudolphm.substack.com/p/berk… I have been attending the Berkshire Hathaway annual meeting for 30 years and each one is unique. Here are my thoughts from the meeting and several events from that week, with links to watch yourself. #BRK26 @WarrenBuffett

While the US falls behind on fossil fuel alternatives, this year could be a global warming disaster in the west as interactions between limited snowfall combined with a strong El Nino could leave Colorado River dry amid drought, leading to wildfires and economic fallout. #climate

lnkd.in/gkATPY6s Hyperinflation is a risk that occur slowly, then all at once, and is very hard to rebound from. In 1920s Germany it led to the Nazi Party, the depression and WW2. Better to avoid! Reducing the debt would be a good start. #crossingthinice @dingramerm

I attended the #BRK meeting yesterday. Lots of people bashing company/meeting who claim to be experts but can’t spell Buffett correctly! Attendance was down but very noticeable was lack of children attending and asking questions. Instead we got real questions and good answers.

Lower bowl filling in but lines were a lot shorter this morning at Berkshire annual meeting - stretching out in my usual spot - shopping was busy yesterday!

substack.com/home/post/p-195… In the latest #emergingrisk topic in our #CrossingThinIce series, I share background about a #hyperinflation scenario and how risk managers could plan for this possibility. Podcast to follow! @dingramerm