What We Should Learn About Risk Following the Pandemic

learn about risk

Governments and Corporations Were Unprepared Prior to the coronavirus pandemic, the S&P 500 was hovering around all time highs. The US government had cut corporate tax rates during a decade long bull market. The federal reserve kept interest rates low, which encouraged continued debt-fueled spending. Publicly traded companies repurchased their shares on the open market, … Read more

Risk Management for Preppers: How to Assess and Mitigate Risk

risk management

Preppers are Risk Management Experts As I’ve said before, prepping is a form of insurance. Preppers identify risk factors in their lives and systematically reduce those risks. This doesn’t mean we need to buy every insurance product someone wants to sell to us. Some risks are so small that we cannot possibly justify paying the … Read more

3 Dynamics that Will Force Changes in the Insurance Industry

changes in the insurance industry

When Risk Becomes too Great Hurricane Dorian recently ravaged the Bahamas, leaving tens of thousands homeless. The Category 5 hurricane was even worse than expected. Unfortunately, as climate change worsens, the number of devastating weather events like Dorian will rise. Homes and businesses in coastal areas will grow increasingly exposed to the possibility of ruin. … Read more

3 Reasons Why You Should Develop a Prepper Philosophy

prepper philosophy

Preppers aren’t Paranoid.They’re Pragmatic In some social circles, preppers don’t have such great reputations. Preppers are sometimes depicted wearing tinfoil hats while muttering about government surveillance. Some people roll their eyes at the mention of doomsday scenarios. In fact, the show Doomsday Preppers is categorized as a reality TV program. Reality TV is designed to entertain, not to … Read more