The Paradox of Insurance
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You are paying a monthly subscription to protect yourself from your own bad luck.
That is all insurance really is. It started centuries ago with merchants at coffee shops
pooling cash because pirates kept sinking their ships. Now, it is a massive
global game of risk transfer. You pay a premium, and if your house burns down or you
crash your car, a giant pool of stranger's money fixes it. It gets weird too.
You can insure your legs, your voice, or even against hitting a hole-in-one
at a golf tournament. And the craziest part is that insurance companies are so terrified of losing
money, they buy their own insurance called reinsurance. It is literally
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