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  • In episode 498, David shares how his investing has changed over the past ten years and lessons you can apply to your portfolio.

    Document Your JourneyKeep ExperimentingBe Willing to Adopt New Asset ClassesBe Very PatientTrade Less, Focus On Long-term DriversMonetary DiversificationDon't Focus on Relative PerformanceIgnore the NoiseTake Your TimeThere Is No Right Way to Invest

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    Show Notes

    The Investor Podcast 668: What I Learned About Investing w/ Stig Brodersen

    Related Episodes

    454: How To Invest – Ten Rules of Thumb for Individual Investors

    423: A “Safe” 6% Yield: The Case for Investment Grade CLOs

    372: When Should You Sell An Investment?

    336: Own What Is Real

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  • Why 401k and other defined contribution schemes are flawed, leading to a generation of workers unprepared for retirement. What are the solutions to fix the mess.

    Topics

    Why 401k and other defined contributions haven't worked, despite their popularityWhy defined benefit pension plans declinedWhy 401k plans are treated like emergency fundsHow to combine the best of 401k and defined benefit pension plans

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    Show Notes

    The Shift that Redefined Retirement Security by Shashwat Vidhu Sher—SSRN

    Was the 401(k) a Mistake? by Michael Steinberger—The New York Times Magazine

    Who Has Retirement Accounts? New Data Reveal Inequality in Retirement Account Ownership by Maria G. Hoffman, Mark A. Klee and Briana Sullivan—United States Census Bureau

    U.S. Retirement Assets: Data in Brief—Congressional Research Service

    Where do my CPP contributions go?—CPP Investments

    Related Episodes

    460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 

    441: What If Social Security Had Been Privatized?

    279: Why All Retirees Should Consider an Income Annuity

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  • Why we need distinct risk buckets: balancing our natural loss aversion with the allure of opportunities that offer the potential for massive upside.

    Topics covered include:

    What is modern portfolio theory, and what are some of its flawsWhy so many people have gotten wealthy by being undiversifiedHow to balance personal risk, market risk, and aspirational riskHow prospect theory explains our attraction to positively skewed opportunitiesWhy most people won't get wealthy unless they take some aspirational risk

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    Show Notes

    Portfolio Selection by Harry Markowitz—The Journal of Finance, Vol. 7, No. 1. (Mar., 1952), pp. 77-91

    Safety First and the Holding of Assets by A. D. Roy—Econometrica, Vol. 20, No. 3 (Jul., 1952), pp. 431-449

    The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit Mandelbrot and Richard L. Hudson—Hachette Book Group

    Beyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors by Ashvin B. Chhabra—The Journal of Wealth Managment, Vol. 7, No. 4, pp 8-34, Spring 2005

    The Wealth of Households: 2021: Current Population Reports by Briana Sullivan, Donald Hays, and Neil Bennett—Census.gov

    Average, Median, Top 1%, and all United States Net Worth Percentiles—DQYDJ

    PROSPECT THEORY AND STOCK MARKET ANOMALIES by Nicholas C. Barberis, Lawrence J. Jin, and Baolian Wang—NBER WORKING PAPER SERIES

    Related Episodes

    82: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity

    460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 

    421: Beware of Survivorship Bias When Investing

    Investing Rule One: Avoid Ruin

    229: Stop Maximizing Your Returns Using Modern Portfolio Theory

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  • This week on the podcast, we share excerpts from Plus episode 484 on ETF size and the impact of QE, as well as Plus episode 493 on stock market inelasticity.

    You can learn more about Money for the Rest of Us Plus here.

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  • What does the Federal Reserve's policy rate cut mean for our portfolios? Will interest rates keep falling? What changes should we make?

    Topics include:

    What determines interest rates, and where are those drivers currentlyWhat is the best estimate of bond returnsHow duration works and why it changesWhat are some current fixed income investment options

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    Show Notes

    Asset Camp

    FedWatch—CME Group

    Summary of Economic Projections—US Federal Reserve

    Investors may be getting the Federal Reserve wrong, again—The Economist

    Term Premium on a 10 Year Zero Coupon Bond—Federal Reserve Bank of St. Louis

    Yield to Maturity Is Always Received as Promised by Richard J. Cebula

    and Bill Z. Yang—Journal of Economics and Finance

    The Truth about Yield by Jason Bove and Mark Willauer—J.P. Morgan

    Related Episodes

    464: More Ways to Lock in Higher Yields in Case Interest Rates Fall

    463: How to Lock in Higher Yields in Case Interest Rates Fall

    455: Easier Investing, Richer Life: TIPS Ladders to Annuities

    418: Bond Investing Masterclass

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  • How do home equity investments, income share agreements, and music royalties work, and how can you participate?

    Topics covered include:

    How a home equity investment differs from a home mortgageWhat is the cost of home equity investmentsHow funding education through income share agreements has changedWhy artists sell royalties to their workHow individuals can invest in music royalties

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    Show Notes

    Unlock Product Guide—Unlock

    Point and Atalaya Capital Management Close Oversubscribed $141 Million Home Equity Investment Rated Securitization—Global Newswire

    What Colleges Should Know About Income Share Agreements and Private Education Loan Requirements by Rich Williams—Homeroom

    CFPB settles claims against operator of training program arising out of income share agreements by John L. Culhane, Jr. & Thomas Burke—Consumer Finance Monitor

    Bond market: Bowie Bonds and the Evolution of the Bond Market—Faster Capital

    Related Episodes

    493: The Housing Affordability Crisis: What Caused It and How to Fix It

    349: Forward and Reverse Mortgages: When To Take Them Out and When to Pay Them Off

    307: Income Share Agreements—Good for Students or Investors?

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  • What caused the 40% price increase in houses and rents, and what are governments doing to try to fix the problem.

    Topics covered include:

    Why 50% of the global population is frustrated with the lack of affordable housingHow the housing collapse as part of the Great Financial Crisis contributed to today's affordability crisisHow central bank QE programs have magnified the housing crisisHow restrictive zoning and short-term rentals contribute to the housing crisisWhat governments are doing to encourage more housing supplyWhat individuals can do until housing becomes more affordable

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    Show Notes

    Concern over housing costs hits record high across rich nations by Valentina Romei and Sam Fleming—The Financial Times

    Home Price to Median Household Income Ratio (US)—Longtermtrends

    Home Ownership Affordability Monitor—Federal Reserve Bank of Atlanta

    AMERICA'S RENTAL HOUSING 2024—Joint Center for Housing Studies of Harvard University

    America retains “rent burdened” status—Moody's

    U.S. 2024 and 2025 Mid-Year Outlook Report—AirDNA

    ARIZONA’S NEW HOUSING LAWS EXPLAINED—Tempe YIMBY

    What Kalamazoo (Yes, Kalamazoo) Reveals About the Nation’s Housing Crisis by Conor Dougherty—The New York Times

    How Rent Controls Are Deepening the Dutch Housing Crisis by Cagan Koc and Sarah Jacob—Bloomberg

    Related Episodes

    389: Is Airbnb Intensifying the Housing Crisis?

    357: Is a Housing Crash Coming?

    238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages

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  • In this episode, we explore the concept of optionality—how small, strategic decisions can lead to outsized rewards with limited downside risk. From ancient philosophy to modern financial strategies, discover how recognizing and seizing options can unlock opportunities in both life and investing.

    Topics covered include:

    How call and put options workThe difference between American and European style options and why it mattersWhy options are positively skewedExamples of using optionality in business and lifeWhy it can be challenging to commit when an option is "in the money"

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    Show Notes

    Antifragile by Nassim Nicholas Taleb—Penguin Random House

    The Wisdom Of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai—Harper Academic

    Refuse to Choose!: Use All of Your Interests, Passions, and Hobbies to Create the Life and Career of Your Dreams—Penguin Random House

    An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk by Allison Schrager—Penguin Random House

    Related Episodes

    482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity

    268: How To Better Manage Risk

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  • In Episode 491, we explore the five layers of investing, including which assets fit into each layer, and give examples of advertisements targeting each layer.

    The five layers are:

    1. Short-term trading2. Longer-term speculations3. Individual securities4. Diversified portfolios focused on underlying drivers and factors5. Maximum diversification with few changes and just a few holdings

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    Show Notes

    Asset Camp

    The Role of Emotions in Financial Decisions by David Tuckett—ResearchGate

    Morningstar Active Passive Barometer

    Related Episodes

    486: How Retail Traders Lose Big While Enriching Wall Street

    431: The Long-term Bullish Case for Gold

    306: Three Approaches to Asset Allocation

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  • How do buyouts, venture capital, and growth equity work? Has private equity outperformed the stock market, and can individual investors pursue these investment strategies?

    Topics covered include:

    How are private equity funds structured, and what are the feesHow is private equity performance measured, and how has it performedWhy does private equity have such a large dispersion of returns compared to the public stock marketWhat is private equity dry powder, and why is there much of itWhat are some ways individuals can invest in private equity and why should they use caution in doing so

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    Show Notes

    Understanding Private Fund Performance by Kaitlin Hendrix and Mamdouh Medhat—SSRN

    What Drives Private-Equity Performance Persistence? New Deal-Level Evidence by Axel Buchner and Susanne Espenlaub and Abdul Mohamed—SSRN

    Unlocking the Power of Relationships: Limited Partner Networks and Performance in Private Equity by José Carlos Franco de Abreu Neto and Saito Richard—SSRN

    Private equity dry powder growth accelerated in H1 2024 by Dylan Thomas and Annie Sabater—S&P Global

    Private Equity Gets Creative to Buy Time for More Gains. Clients Say Pay Me Now by Allison McNeely and Dawn Lim—Bloomberg

    Related Episodes

    458: Dissecting Stock Returns: Financial Engineering or Genuine Growth?

    440: Beware of Platform Risk

    350: How to Invest in Startups on Equity Crowdfunding Platforms?

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  • This week, we release one of David's favorite episodes from six years ago, Episode 203: Is Investing More Like Poker or Chess.

    Topics covered include:

    What is the difference between chess and poker.Why we need to separate the decision process from the outcome.How to improve the quality of our investment decisions.What are are wu-wei and qi and what role do they play in better decision making.

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    Show Notes

    Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke

    Thinking Fast and Slow by Daniel Kahneman

    The Tao of Pooh by Benjamin Hoff

    Trying Not to Try: Ancient China, Modern Science, and the Power of Spontaneity by Edward Slingerland

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  • In episode 489, we examine three factors that contributed to this week's big stock market declines, analyze whether a recession is imminent, and review David's recent portfolio changes.

    Topics covered include:

    The benefits of looking at market and economic trends monthlyHow bad was the recent U.S. employment report and what is the Sahm RuleWhat are leading economic indicators saying about recession riskWhy the Federal Reserve will be lowering its policy rate, leading to lower cash yieldsWhy the Japanese yen strengthened, leading to market turmoilWhy investors are rotating from large cap growth to small cap value stocksHow David locked in higher yields

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    Show Notes

    Transcript of Chair Powell’s FOMC Press Conference July 31, 2024—The Federal Reserve

    Goolsbee Says Fed Won’t Overreact to One Month’s Data by Catarina Saraiva and Ananya Chag—Bloomberg

    Congressional Budget Office Updates Baseline: Deficit Spending is 27 Percent Higher Than Previously Estimated—U.S. House Budget Committee

    Investments Mentioned

    Vanguard Growth ETF (VUG)

    Vanguard Small Cap Value (VBR)

    iShares International Developed Small Cap Value Factor ETF (ISVL)

    Invesco BulletShares 2031 Corporate Bond ETF (BSCV)

    iShares Large Cap Max Buffer ETF (MAXJ)

    BlackRock AAA CLO ETF (CLOA)

    Related Episodes

    485: Should You Invest in Defined Outcome (Buffer) ETFs?

    476: Is Small Cap Dead? Why You Shouldn’t Abandon Small Company Stocks

    472: Is the Economy as Bad as People Think?

    464: More Ways to Lock in Higher Yields in Case Interest Rates Fall

    463: How to Lock in Higher Yields in Case Interest Rates Fall

    423: A “Safe” 6% Yield: The Case for Investment Grade CLOs

    302: Investing is Not Knowing

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  • What is the investment case for Ethereum, and what are the risks? A straightforward review of what ether and Ethereum are, how they work, and what it will take for the Ethereum blockchain to be successful.

    Topics covered include:

    Who launched Ethereum ETFs and what are the feesHow Ethereum differs from BitcoinExamples of applications built on the Ethereum blockchain including NFTs, stablecoins, DAOs, and tokenized real-world assetsHow Ethereum has evolved to lower fees, reduce supply, cut its energy use, and increase capacityWhat is Ethereum staking and how much can investors earn doing soWhat will cause ether to go up in price

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    Show Notes

    Spot Ethereum ETFs begin trading today: Here's what you need to know by Jason Shubnell—The Block

    The spot Ethereum ETFs' first week by the numbers by James Hunt—The Block

    The Idols NFT—theidols.io

    Read Write Own by Chris Dixon—readwriteown.com

    Ethereum is the Only Institution-Friendly Smart Contract Chain by Qiao Wang—Medium

    EthereumETH Staking—Coinbase

    5 Ways to Stake Your Crypto Assets—Staking Rewards

    Ethereum's Dencun Upgrade: Unleashing Scalability and Efficiency—bitpay

    Solana vs. Ethereum: Which Is Better in 2024? —KuCoin

    Related Episodes

    462: Now Should You Buy a Bitcoin ETF?

    373: Are Stablecoins Safe? Should You Own Them?

    368: How to Invest in Web3, DAOs, and the Metaverse

    339: How To Make Money with BlockFi, Dai, and the Evolving DeFi Ecosystem

    335: Are Non-Fungible Tokens (NFTs) Good Investments?

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  • What we can monitor and do now in preparation for a 2030s depression, which may or may not arrive.

    Topics covered include:

    Why ITR Economics has been predicting a 2030s depression for over a decade.What are the early warning signs we can monitor for increasing risk of economic and financial turmoilWhat are U.S. and global population predictions by the Congressional Budget Office and the United NationsWhat is the status of Social Security and what would it take to make it more sustainableWhat are the impacts of a slowing or shrinking populationHow should we invest, and what other financial actions should we take in the face of long-term depression forecasts

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    Show Notes

    Top 5 Causes of the 2030s Great Depression—ITR Economics

    The Demographic Outlook: 2024 to 2054—Congressional Budget Office

    Testimony on Social Security’s Finances—Congressional Budget Office

    World Population Prospects 2024—The United Nations

    World Population Prospects 2024: Graphs/Profiles—The United Nations

    America is uniquely ill-suited to handle a falling population—The Economist

    Suddenly There Aren’t Enough Babies. The Whole World Is Alarmed. by Greg Ip and Janet Adamy—The Wall Street Journal

    Related Episodes

    479: National Debt Master Class Finale – What To Do

    468: Lessons from Japan’s 34 Years of Stock Market Underperformance

    395: How Population Trends Will Impact Growth, Inflation, Investing and Well Being

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  • Gambling in the stock market is increasing, with most traders losing money while generating billions of dollars per year for brokerages and wholesalers. Will all this trading lead to big market swoons?

    Topics covered include:

    Why sports gambling has grown so muchHow gambling in the stock market is measured, and how prevalent is itWhy most traders lose money but continue to trade anywayHow uninformed traders improve market liquidity and encourage trading by informed tradingWhy being an asset allocator is more rewarding and as intellectually stimulating as trading

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    Show Notes

    How Stocks Became the Game That Record Numbers of Americans Are Playing by Claire Ballentine—Bloomberg

    MURPHY, GOVERNOR OF NEW JERSEY, ET AL. v. NATIONAL COLLEGIATE ATHLETIC ASSN. ET AL. SYLLABUS—The Supreme Court of The United States

    America's Sports Betting Boom by Felix Richter—Statista

    Searching for Gambles: Gambling Sentiment and Stock Market Outcomes by Yao Chen, Alok Kumar, Chendi Zhang—SSRN

    Stocks as Lotteries: the Implications of Probability Weighting for Security Prices by Nicholas Barberis and Ming Huang—SSRN

    Day Trading for a Living? by Fernando Chague, Rodrigo De-Losso, Bruno Giovannetti—SSRN

    Computer based trading system and methodology utilizing supply and demand analysis—Google Patents

    Retail Trading in Options and the Rise of the Big Three Wholesalers—Svetlana Bryzgalova, Anna Pavlova, Taisiya Sikorskaya—SSRN

    Amateurs Pile Into 24-Hour Options: ‘It’s Just Gambling’ by Gunjan Banerji—The Wall Street Journal

    Retail Traders Love 0DTE Options... But Should They? by Heiner Beckmeyer, Nicole Branger, Leander Gayda—SSRN

    Related Episodes

    482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity

    239: How to Be a Successful Trader

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  • Buffer ETFs protect against the downside while capping the upside. We examine them closely to see if they are worth it.

    Topics covered include:

    How buffer ETFs are structured and some current examplesHow buffer ETFs have performed over the past five yearsWhat are the risks of buffer ETFsHow loss aversion and narrow framing contribute to the popularity of buffer ETFsAre buffer ETFs worth it and what are some alternative strategies that could be used instead

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    Show Notes

    BlackRock Enters Booming Market for Stock ETFs With a 100% Hedge by Emily Graffeo—Bloomberg

    New Stock ETF Offers 100% Hedge as Buffer Funds Nab $46 Billion by Emily Graffeo—Bloomberg

    The Dynamics of Defined Outcome Exchange Traded Funds by Luis García-Feijóo and Brian Silverstein—SSRN

    Monetizing Loss Aversion for Fun and Profit—Paul Kedrosky

    Thirty Years of Prospect Theory in Economics: A Review and Assessment by Nicholas C. Barberis—Journal of Economic Perspectives

    Prospect Theory: An Analysis of Decision Under Risk by Daniel Kahneman and Amos Tversk—ECONOMETRICA

    Investments Mentioned

    Innovator U.S. Equity Ultra Buffer ETF - January Series (UJAN)

    Innovator U.S. Equity Ultra Buffer ETF - June Series (UJUN)

    iShares Large Cap Max Buffer Jun ETF (MAXJ)

    Innovator U.S. Equity Accelerated 9 Buffer ETF (XBJL)

    SPDR S&P 500 ETF Trust (SPY)

    Related Episodes

    465: Transforming Financial Regrets into Portfolio Gains: Five Strategies for Navigating Investment Emotions

    460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 

    451: How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market

    394: How to Get Better at Risk Taking

    321: How to Analyze Complex Investments

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  • Seven ways to increase the odds of living long into your retirement years (if you choose to retire).

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    Show Notes

    Podcast Stats: How many podcasts are there?—Listen Notes

    Quality Over Quantity Is A Growth Strategy by Steven Goldstein—Amplifi Media

    Slow Productivity by Cal Newport—Penguin Random House

    Why our brains crave beauty, art and nature by Jemima Kelly—The Financial Times

    Why southern Europeans will soon be the longest-lived people in the world—The Economist

    What I’ve learnt from two decades eating in Paris by Simon Kuper—The Financial Times

    Getting Good Sleep Could Add Years to Your Life—American College of Cardiology

    Close friends can help you live longer but they can spread some bad habits too by Maggie Mertens—NPR

    United we thrive: friendship and subsequent physical, behavioural and psychosocial health in older adults (an outcome-wide longitudinal approach) by E. S. Kim, W. J. Chopik, Y. Chen, R. Wilkinson and T. J. VanderWeele—Cambridge University Press

    Why I’ve hung up my wellies and given up the country cottage by Tom Hodgkinson—The Financial Times

    An Emersonian Guide to Taking Control of Your Life by Arthur C. Brooks—The Atlantic

    Why you should never retire—The Economist

    It’s not so ‘terribly strange to be 70’ by Anne Lamott—The Washington Post

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  • Millions of fintech app users have lost access to their cash. In this episode, we explain why this happened and show you how to protect yourself when placing cash with traditional banks, neobanks, and fintech platforms.

    Topics covered include:

    The mass chaos in the fintech space spawned by the bankruptcy of Synapse Financial TechnologiesWhat are FBO accounts, and why they are so troublesomeWhat is the difference between a traditional bank, a neo bank, and a non-bankWhat to look for and protect yourself when investing your cash savings

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    Show Notes

    CHAPTER 11 TRUSTEE’S INITIAL STATUS REPORT BY UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA SAN FERNANDO VALLEY DIVISION—CourtListener

    Fintech platform Synapse raises $33M to build ‘the AWS of banking’ by TechCrunch—Synapse

    X Post by Jason Mikula—X

    "Full Reconciliation... May Not Be Possible," Synapse Trustee Says by Jason Mikula—Fintech Business Weekly

    Mercury Seeking $30M From Synapse, Emergency Court Filing Reveals by Jason Mikula—Fintech Business Weekly

    Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse by Mary Ann Azevedo—TechCrunch

    Fintech startup Copper forced to discontinue banking services amid Synapse fiasco by Taylor Soper—GeekWire

    a16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunch

    FDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance—FDIC

    Related Episodes

    440: Beware of Platform Risk

    424: Are More Bank Runs Coming? The Collapse of Silicon Valley Bank

    412: Where to Invest Your Cash Savings for Higher Yields

    304: A 15% Guaranteed Return? Lending on the Fringes of Finance

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  • How a few high-impact successes drive up overall average outcomes in investing, business, and creative projects. How to harness positive skewness using a barbell approach. Learn when to mitigate risks and when to embrace them.

    Topics covered include:

    What is positive skewness and how does it manifest in investing, business and creative endeavorsHow power laws and the 80/20 rule workWhy we shouldn't beat ourselves up if we aren't incredibly successfulWhen should we reduce positive skewness and when should we embrace it

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    Show Notes

    Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks by Hendrik Bessembinder, Te-Feng Chen, Goeun Choi, K.C. John Wei—SSRN

    Long-Horizon Stock Returns Are Positively Skewed by Adam Farago and Erik Hjalmarsson—SSRN

    Wealth Creation in the U.S. Public Stock Markets 1926 to 2019 by Hendrik Bessembinder—SSRN

    The Coffee Can portfolio by Robert G. Kirby—csinvesting

    Active vs Passive Investing U.S. Barometer Report—Morningstar

    Table 7. Survival of private sector establishments by opening year—U.S. Bureau of Labor Statistics

    How Many Podcasts Are There? (New 2024 Data) by Josh Howarth—Exploding Topics

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  • Why are homeowners seeing home insurance premiums increases of up to 70%, as David has? What can you do if your insurer drops you, you get a huge premium increase, or you can no longer afford coverage?

    Topics covered include:

    What are the primary drivers of home insurance price increasesWhy these increases don't show up in the U.S. consumer price indexHow the reinsurance market works and why reinsurers are passing on 50% premium increases to property and casualty insurers.What percentage of home insurers self-insureWhat else can homeowners do

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    Show Notes

    Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation. by Jeanna Smialek—The New York Times

    NIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts: Chapter 5: Personal Consumption Expenditures—Bureau of Economic Analysis

    The crippling home insurance crisis hitting America by Rana Forhoohar—The Financial Times

    The Hidden Driver of Soaring Home Insurance Costs by Jean Eaglesham—The Wall Street Journal

    When Disaster Strikes: Preparing for Climate Change by Seán Nolan and Krishna Srinivasan—IMF Blog

    Home insurance was once a ‘must.’ Now more homeowners are going without. by Patrick Cooley—The Washington Post

    Homeowners Perception of Weather Risks 2023 Q2 Consumer Survey—Insurance Information Institute

    Insurance Companies Feeling the Pressure in Iowa and the Midwest by Jerry Theodorou—Insurance Journal

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