I never really believe in Insurance (or perhaps was brought up by my mum not to believe in them). My mum always said “保险都是骗人的” since i was young and those views was ingrained even though her views was a tad too extreme. Probably she was “bugged” by over-zealous insurance agents trying to sell her useless policies but maybe she was right…. because instead of buying policies, you should be buying the insurance company. 😁 That was how Warren Buffet became extremely rich by using “free money” from insurance premiums to invest.

Warren Buffett was able to build his fortune in two primary ways: by owning private companies that generate large amounts of income for him to deploy, and by entering the insurance business to get his hands on cheap investment capital. Warren Buffett abhorred debt; it wasn’t his style to borrow money at 5% and try to invest it at 12% …