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Post# of 257580
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DewDiligence

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DewDiligence

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Re: zipjet post# 87938

Monday, 12/21/2009 6:33:21 PM

Monday, December 21, 2009 6:33:21 PM

Post# of 257580
[OT re P&C insurers]: The loss ratio and the expense ratio are two different metrics. The latter includes the effect of sales commissions (which are astonishingly large) while the former does not.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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