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Constant stream of money coming in with the occasional large chunk of money going out? Your description applies to almost every business on the planet.
by sbov 13y ago
Constant stream of money coming in with the occasional large chunk of money going out? Your description applies to almost every business on the planet.
- jlgreco 13y agoDoesn't mean it isn't accurate. It is inaccurate to say that casinos and insurance are dissimilar in that regard. If casinos find themselves paying out too often, they change the size of those payouts with respect to how much it costs to play, until they are back in the black. If insurance companies find themselves paying out too much, they raise their premiums. Same basic concept, the only thing that is different is the motivation of the customers.