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>Insurance / hedging is most useful in protecting you from realistic well defined risks that affect you personally but not the wider system. But a powerful ear
by DeathArrow 7mo ago
>Insurance / hedging is most useful in protecting you from realistic well defined risks that affect you personally but not the wider system.
But a powerful earthquake can't affect the wider system in a country? and yet, people do buy insurances for earthquakes.
- spacebanana7 7mo agoPerhaps I should’ve said financial system plus some system that allows you to spend money on things you’d like.