Matt Marko

Likes: being a dad, making the world better, risk mgmt, meatcraft, data centers.
Dislikes: feel good over do good, media bias, social media, elitism.

[Matt Marko @BackyardMktg]

Noteworthy that even the most credible sources like the @WSJ get deductibles wrong, twice suggesting in this story that insurance companies (not consumers) choose deductibles. Another reason why it's smart to purchase through a local independent agent.
https://t.co/mjdTuuX5tY

[Matt Marko @BackyardMktg]

And yet, these same folks wonder why insurance is so expensive.
"A third of all consumers would consider using AI to digitally alter an insurance claim image or document in their favor...that number rises to 55 percent for Gen Z."
https://t.co/zrxZdBTAva

[Matt Marko @BackyardMktg]

@realEstateTrent Just like they'd never bother with a luxury car, they have no need to signal anything to anyone — 21A is just fine.

[Matt Marko @BackyardMktg]

It's easy to buy share, but hard to do so profitably.
"On the loss ratio front, Tesla’s insurance carriers reported an overall direct loss ratio of 100.4...the gap between Tesla and the P/C industry as a whole has stayed near 40 points for the last three"
https://t.co/UrncYLktDV

[Matt Marko @BackyardMktg]

This feels accurate to me: "Somewhere in the last fifty years the cultural goal inverted and a child stopped being what life is for and became a line item competing with the lifestyle."

[vittorio @IterIntellectus]

US fertility reached 1.57 last year, the lowest ever recorded, and the WSJ explanation is "uncertainty about finances, relationship stability, and the political climate"

my great grandma had eleven children during the second world war, in a country being bombed, in a house with no running water, on rations.
poor people have always had kids. the poorest people on earth right now still have kids and the financial excuse is a story we tell ourselves because it makes us feel good and the real one is unbearable

the real mechanism is that we got rich enough to redefine children as an expense instead of the point. somewhere in the last fifty years the cultural goal inverted and a child stopped being what life is for and became a line item competing with the lifestyle. once you frame it that way the math never works, because the math isnt supposed to work. that's the point

we are living in the richest moment in human history and we decided to use the surplus to buy ourselves out of the future. the most prosperous civilization that has ever existed is committing demographic suicide at the altar of personal optimization and comfort, and the official line is that we cant afford it

the birthrate is a lagging indicator of a civilization that forgot why it was alive

[Matt Marko @BackyardMktg]

@KierkegaardLeap @avidseries This is the way.

[Matt Marko @BackyardMktg]

https://t.co/I6uPeskEWv

[Our World in Data @OurWorldInData]

The number of cancer deaths worldwide has more than doubled since the 1980s. Does that mean we're losing the fight against cancer? Not necessarily, because it depends on how you measure it. On this chart, you can see three ways to look at the same data.

The red line shows the total number of cancer deaths. It has increased by about 120%, but this measure doesn't account for the fact that the world's population has also grown enormously over this period.

Another approach is to look at the death rate: the number of cancer deaths divided by the total population. That's the brown line, called the crude cancer death rate. It has increased too, but much less — around 20%.

But there's still a problem: the world's population has been getting older. Cancer is mostly a disease of old age, so even per capita, we'd expect more cancer deaths simply because there are more older people than before.

That's where the method of “age standardization” comes in. It's a way of asking: what would the cancer death rate look like if the age structure of the population hadn't changed?

The blue line shows this age-standardized rate: it's fallen by about 25%. At any given age, people are now less likely to die of cancer than they were in the 1980s.

The same underlying data gives us three different pictures. The absolute number of deaths is up; the crude rate is up slightly; the age-standardized rate is down. None of these are inaccurate, but they answer different questions.

Age standardization is one of the most important statistical methods for making sense of health data. Without it, population aging can hide progress or mask problems.

[Matt Marko @BackyardMktg]

@mountainpilled @grok do paper towels contain chemicals harmful to humans if the paper towels come in contact with food before eaten?

[Matt Marko @BackyardMktg]

Meanwhile, in March #TheBrotherhood will not be present in Durham. No Cooper Flagg, no Zion, no Paolo Banchero, no Kyrie Irving, Jayson Tatum, Bagley, Okafor, Grayson Allen, Austin Rivers, Elton Brand...and on and on.#CarolinaFamily

[Ross Martin @RossMartinNC]

Roy Williams celebrates with former players Theo Pinson, Justin Jackson, and Kenny Williams in the tunnel after the win.

[Matt Marko @BackyardMktg]

Hey @Marketplace , why only consider quarterly vs moving to biannual earnings reports for transparency? Why not solve the transparency problem by reporting financials monthly? Progressive Insurance has been doing that for decades.
https://t.co/B8SpIQWl1X

[Syracuse Men’s Basketball @Cuse_MBB]

An all-time great on and off the court.

Heavy hearts for the 'Cuse Family today as we mourn the passing of Lawrence Moten.

https://t.co/i7MCeNjRa9

[RAW EGG NATIONALIST @Babygravy9]

This is where glorifying Luigi Mangione gets us.

[Matt Marko @BackyardMktg]

We just signed up for the Rock N Roll Hall of Fame 5k. Come join us!
https://t.co/gRpDB0bf3F

[Matt Marko @BackyardMktg]

How much does having data matter in the insurance world? For sure, some.

GM insurance - now in 14 states at an annualized DWP rate of just ~$40M & unprofitable.

It's hard to beat the incumbents, and maybe even harder for an elephant to do so than for a unicorn.

[Matt Marko @BackyardMktg]

@RossMartinNC That's tough luck for the young man right there. #TheLand

[Matt Marko @BackyardMktg]

A Buckle bankruptcy? Man. Who could have seen this coming?? #RideshareInsurance
https://t.co/vkpjdEYYU7

[Matt Marko @BackyardMktg]

Buckle is looking to win with a less segmented auto insurance pricing model.

Hm...I wonder how this will turn out? https://t.co/lNqupXsebI

[Mindset Machine  @mindsetmachine]

Ask these 3 questions for instant clarity ✨

[Matt Marko @BackyardMktg]

@eyeslasho Judging just from those I know in each bucket, PhD in Lit, followed by BA in Philosophy.

[Matt Marko @BackyardMktg]

Bud Light "Big Men on Cul de Sac" won the Super Bowl, and it wasn't close. https://t.co/CwNjlMaFGT