- Wednesday, October 16, 2024
In response to the captivating cover story by Nicholas Jasinski titled "Reclaiming the Magic" (July 28), as a invested stockholder in Walt Disney, I couldn't be more thrilled. I would like to emphasize an additional significant aspect—the crackdown on password sharing. Netflix has already demonstrated its feasibility and is reaping the rewards. It is imperative that Disney+ follows suit promptly. This move plays a vital role in Disney+'s journey towards profitability.
- Rohit Bhosekar
- Harrisburg, N.C.
A Stellar Choice: iShares MSCI India Small-Cap ETF
As a longstanding holder of the iShares MSCI India Small-Cap exchange-traded fund, I strongly believe it deserves recognition among the noteworthy India ETFs and mutual funds ("India's Economy Is Humming, and There's More to Come. Here's How to Profit," July 26). Its one-year record boasts an impressive 16.4% growth, backed by a consistent five-year return of 7.8% per year, and an exceptional 10-year return of 13.39% per year. Additionally, its annual expense ratio remains commendably low at 0.74%. This fund is fully diversified, with no holding exceeding 1.3% of total assets.
- Mike Meehan
- Bradenton, Fla.
Applauding Cathie Wood's Visionary Leadership
With regard to the thought-provoking interview "Cathie Wood Speaks Her Mind on Tesla, Meta, Nvidia, AI, and More" (July 27), I am a long-time investor in the ARK Innovation ETF and have unwaveringly stood by it throughout the challenging market downturns due to my trust in Cathie Wood's exceptional leadership. Her invaluable insights on Tesla robotaxis and the future of digital property rights only reaffirm the soundness of my decision.
- Patty Duffy
- Grand Blanc, Mich.
A Closer Look at the Climate-Risk Barometer
Climate Risk and Insurance: Looking Beyond the Surface
As climate change continues to increase its impact on various sectors, it's crucial to understand that insurance is just the tip of the iceberg. A closer look at Farmers Insurance reveals some interesting insights into the industry as a whole. Unlike many other insurance companies, Farmers operates as a mutual, meaning it is owned by its policyholders. This unique structure allows mutuals to take a long-term perspective, resisting the pressure of quarterly earnings reports. It also ensures a singular focus on policyholders' best interests, making Farmers' assessment of climate-related financial risk particularly notable.
One noteworthy aspect that may have been overlooked is the role of reinsurance in mitigating risk for insurers. Reinsurance acts as a crucial tool for transferring risk, especially for niche carriers exposed to catastrophic events. The availability and affordability of reinsurance coverage are critical factors for these carriers. It would be wise to foster deeper cross-border relationships in reinsurance, perhaps by leveraging the reinsurance hub of Bermuda. Additionally, the insurance-linked bond market could potentially play a role in managing climate-related risks, although it currently remains a relatively small and specialized asset class. Overall, paying attention to signals from the insurance sector can serve as a valuable climate-risk barometer.
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