TLDR
How Hedge Funds Bet On Death
May 7, 2024
Former hedgefunder Matthew Karasz discusses hedge funds betting on senior citizens' life insurance policies. They explore ethical dilemmas, parental support in the housing market, and Domino's Pizza's tech transformation. The episode offers a mix of financial insights and humorous banter, making for an entertaining listen.
21:58
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Quick takeaways
- Hedge funds buying life insurance policies on senior citizens for profit raises ethical and legal concerns.
- Parental support crucial for millennials entering expensive housing markets, widening wealth gap in real estate.
Deep dives
Apollo Global Management's Life Insurance Practices
Apollo Global Management has been involved in controversial practices of buying life insurance policies on strangers, particularly senior citizens, with the intent of profiting from their premature deaths. This unethical strategy involves purchasing billions of dollars worth of life insurance policies on individuals to benefit financially from their untimely passings. The company's actions raise questions about the morals and legality of such dealings within the life insurance industry.
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