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Howard Marks & Andrew Marks: Something of Value
Acquired
How Can Life Insurance Companies Make Money Knowing They're All Going to Die?
In 1978, Moody said these bonds are not proper for investment, regardless of price. How can life insurance companies make money knowing that every single person is going to die? The answer is number one, it's risk they're aware of doesn't come as a shock when somebody dies. And the most conservative companies in America are the life insurance companies.
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