Global Opportunities Beyond the Radar

Invest in Worry: The World’s Biggest Industry


Quantum Wealth Summary




At 53, John D. Rockefeller was a very unwell man.

Despite being one of the richest men in the world, he was forced to live on a pauper’s diet. It was thought he had a year to live.

As co-founder of the Standard Oil Company, years of worry and high-tension living had wrecked his health.

He’d given himself no time for recreation. No time for anything except making money.

Money had become an obsession to him.

The worry of losing it had damaged his health.

Dale Carnegie shares an interesting example in ‘How to Stop Worrying and Start Living’:

Rockefeller was consumed by worry.

He was found pacing the office early next morning. ‘Hurry’, he quavered. ‘Let’s see if we can take out insurance now, if it isn’t too late!’

They managed to get the insurance.

But sometime after, Rockefeller was found in an even worse state.

The grain had arrived safely. And now he’d wasted $150!

Rockefeller’s doctors convinced him to retire. He learnt to avoid worrying about losing money. And he managed to restore his health and live to 98.

Fortunately, most people don’t have Rockefeller’s dysfunctional view of insurance.

By the money involved, it is the world’s largest industry. Total net premiums in the US alone were $1.28 trillion in 2020.

As an investor in the markets, insurance is one sector I find attractive.

Now, many people may be over-insured today.

Certain types of low-claim-value insurance — for example, pet health, funerals, or motor vehicle repairs — appear as an insurance against an inability or unwillingness to save. If people could keep aside funds for these events, the insurance may not be needed.

But there is another force driving the demand for all insurance. Human nature. The widespread fear of loss, great or small.

Investment in insurance businesses has provided steady and resilient growth and income over the years for this reason.

Let’s look at 2 listed businesses that could offer strong prospects on both fronts…


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