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The famous Lloyds of London started as a gambling coffee house. Gambling and insurance are closely related, and offer the same bargain: the house always wins.
by floydnoel 2y ago
The famous Lloyds of London started as a gambling coffee house. Gambling and insurance are closely related, and offer the same bargain: the house always wins.
- cromulent 2y ago> the house always wins Well, until Lloyd’s did lose a lot of money in 1991, and the Names had too much exposure. Berkshire Hathaway cover them now, I believe.
- aspenmayer 2y agoThat's rich.