Andrew To
Andrew To
Andrew Tois a member of the Wong Tai Sin District Council, Hong Kong. Of Hakka ancestry, he is the former chairman of League of Social Democrats from 2010 to 2011, succeeding Wong Yuk-man. His wife, Jackie Hung, was a leader of Civil Human Rights Front and Justice and Peace Commission of the Hong Kong Catholic Diocese...
commodity
Life insurance is a commodity.
hay-fever average suffering
Hay fever suffers tend to be above average in intelligence,...
altruism
There's no such thing as altruism.
new-york school editors
I was a writer for 'New York' magazine. I had been to business school, but what did I know? Still, everybody from the receptionists on up to the editor would ask me what they should do with their money.
years america able
The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.
believe people effort
The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.
may matter firsts
Not surprisingly, the insurance lobby recoils in horror at the prospect of automatic coverage ( including, when it was first proposed, Social Security), no matter how efficient it may be. Automatic coverage eliminates sales commissions and profit.
america fifteen twelve
Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals.
ideas two complicated
There are only two things as complicated as insurance accounting and I have no idea what they are.
common-sense giving kind
What kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
inspiration luxury giving
People don't need to find reasons to justify their not giving. What they need to find is the inspiration to give. And those who don't, but could afford to, are missing out on one of wealth's greatest luxuries.
successful winning self
But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.
lunch legal-system faults
No wonder lawyers, who control the legal system, have fought so hard, and with great success, against "no fault" insurance. No fault, no lawsuits. No lawsuits, no lunch.
mom stay-strong children
There are 80 million moms in the United States. Forty million stay at home with their children.