3 ms·
> Unless you can do the actuarial math yourself, going uninsured is the gamble. Yes. But "not gambling" (= getting insurance) also means that you are slowly l
by AnimalMuppet 3y ago
> Unless you can do the actuarial math yourself, going uninsured is the gamble.
Yes. But "not gambling" (= getting insurance) also means that you are slowly losing (by the amount of the insurance premiums, year after year). "Gambling" (not being insured) means that you avoid losing slowly, at the risk of losing massively (losing the entire house, and bearing the entire cost of that).
I don't like a "low odds but catastrophic cost of losing" game. So I don't play that game.
- JumpCrisscross 3y ago> also means that you are slowly losing In the way I'm losing every time I buy food. > don't like a "low odds but catastrophic cost of losing" game. So I don't play that game. If you have assets, you're playing the game. If you're alive, you're playing the game. (Civilization can be modeled as insurance.) Unless one has an incantation that makes risk disappear, not playing the game is ignoring one's place in it.