His examples seem to be more about making choices than risks. I choose not to buy a new Prius because it's an insane waste of money compared to the used car I b

His examples seem to be more about making choices than risks. I choose not to buy a new Prius because it's an insane waste of money compared to the used car I bought at 20k miles. I also felt my choice was better for the environment (30mpg highway on a used car, compared to 50mpg new car). His choice to buy that old car is a wise one, it will probably maintain value, while his expenses/maintenance will be lower on a car that's simpler to work on or buy parts for.