I just realized my non-US friends probably don't know how US insurance works.
So lets say your employer offers insurance. They pay a portion and then you pay a portion. For a family, the employee pays on average about $400 per pay cycle, or $10,400 per year.
This video is a masterclass in psychology.
The first person to do something always looks weird. People laugh. Then somebody else joins. Then the crowds come in and the person who started the whole thing goes from looking like a goon to looking like a genius.
This ranks as the worst managed acquisition in SA.
At the height of the 2007/2008 Global Financial Crisis, African Bank went and bought 100% of Ellerine for R9.8billion.
Yes, Ellerine the furniture store.
What was African Bank doing buying a furniture store?
🧵