Andrew Tobias
Andrew Tobias
Andrew Tobiasis an American journalist, author, and columnist. His main body of work is on investment, but he has also written on politics, insurance, and other topics. Since 1999, he has been the treasurer of the Democratic National Committee...
NationalityAmerican
ProfessionJournalist
Date of Birth20 April 1947
CountryUnited States of America
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I hope it will make them a lot more confident about money - and a lot less susceptible to foolish mistakes that could part them from it.
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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.
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It's complete freedom of expression, almost instant gratification, ... No two-month delay until your magazine article appears or nine-month delay until the book comes out - and almost instant feedback. I have thousands of terrific readers, and I learn at least as much from them as they do from me.
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Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.
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One of the advantages of the book's having been out there for more than a quarter century is that there's been time for people to report back on what it's done for them.
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Man's natural life span, 75 to 90 years or so, has not increased. It is the number of us who manage to attain it that has increased.
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In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.