The potential dangers are death in the examples I gave. The first rule of investing is avoid ruin. We only get chance at life, so what happens on average isn’t

The potential dangers are death in the examples I gave. The first rule of investing is avoid ruin. We only get chance at life, so what happens on average isn’t meaningful. We have to guard against outlier events. Strangers should be distrusted by default, which is a lesson taught to children. It shocks me that some adults forget something so simple. This applies to teachers, cops, and anyone else you can think of. Trust is earned and should never be offered freely.