A Journey of a Thousand Miles

I’ve recently come across this new insurance blog by Todd Bault and it’s friggen catnip to me. I disagree with a lot of what goes on in there, in particular (I think) his strange and interesting theory of capital.

That’s cool, though, because it’s making me think my own perceived understanding through more carefully, which is always welcome. His posts are so content-heavy that I’m overwhelmed with where to begin the discussion, so…

I’ll take advice from Barker:

The first step is crucial — keep it tiny. Do not be ambitious yet. That leads to failure.

Consider this the first step: a simple declaration of intent. I intend to keep re-reading Todd’s old posts and figure out exactly where we disagree. Then I’ll try to write something small.

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