Stock brokerages are doing it. Banks are scrambling. But when it comes to selling products and services on the Internet, the landlocked insurance industry-a market worth an estimated $670 billion in the United States and $2 trillion globally per year-has been slow to embrace online sales. Read more…
Every once in a while, I take a look around, just to double check that I haven’t mysteriously emerged on some weird planet that simply resembles earth.
When I do this, I realize that it certainly looks like earth – but I’m not quite sure it is. After all, what is missing is the simple and basic common sense that I know so many real earthlings have. The place I’m in, which involves this thing known as the Internet, doesn’t seem to have a lot of that stuff – common sense.
Net funds were once the bastard children of investing. Until their returns blew away the big boys.
Born in a Long Island, N.Y., basement rather than a Silicon Valley garage, The Internet Fund (WWWFX) nonetheless has much in common with the Web startups in which it invests: It is recasting a staid industry as it rockets past offline competitors.