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Maybe a better way to put it is that rich people have options. Of course if it's cheap for someone to offload the risk, they will. But if an insurer raises pric
by matwood 2y ago
Maybe a better way to put it is that rich people have options. Of course if it's cheap for someone to offload the risk, they will. But if an insurer raises prices too much a people who can self insure will walk. Most people don't have that option so we continue to get squeezed with higher premiums and worse service.
- seanmcdirmid 2y agoRich people will definitely have more options so they can walk away from bad deals.
- matwood 2y agohttps://finance.yahoo.com/news/charlie-munger-said-warren-buffett-154854452.html https://finance.yahoo.com/news/charlie-munger-said-warren-bu...