4 ms·
Insurance is not gambling. It's the pooling of risk. Mistaking the two is a common error and leads people being confused about the word 'uninsurable'.
by hugh-avherald 1y ago
Insurance is not gambling. It's the pooling of risk. Mistaking the two is a common error and leads people being confused about the word 'uninsurable'.
- xyst 1y agoyea, that's what I tell myself when I am investing as well. "bro I am not yolo'ing 10K into 1DTEs, I am pOoLiNg mY rIsK and DivErsIfYing"
- giantg2 1y agoSort of. Not all risks can be known. Occasionally there are occurrences that break the models.
- charcircuit 1y agoIt's like a casino or bookie. They allow others to gamble while trying to have a house edge.