Now imagine a British billionaire who deposits part of his net worth in intensive care long before he enters those dying days. Or claim he does after borrowing heavily from a relative who lends to him. He may just take a look and have walked away with a large cost-saving on investments in his long-term care insurance policy. Like my hero Tim Harford's, most investors would prefer not to make the investment even where it can possibly leave them better off, thanks to the long study period. Be careful of what you wish for, as we have inherited no great tradition in financial requirements.
SHELBY COUNTY, Pa. -- Rich to the core, that's what thing we're seeing here on North Country Road. Drive down this narrow road in the northeastern part of Lancaster County, and at every turn you find a century-old house, still standing today. But you also find more and more bungalows, with broken windows, moldy carpets, but wait, there's a red light coming on in the window.