17 Dec
2003
17 Dec
'03
11:17 p.m.
paul@fatmans.demon.co.uk writes:
Like Insurance? By purchasing insurance you are in effect betting that you _will_ have an accident that does more damage than you have paid in premiums.
Really contorted huh?
Hmm, I hadn`t thought of that, this is an interesting way to see AP: Taking out a life insurance policy on someone else...
But of course - entities that sell insurance/write options refer to their business as "making bets" and that's exactly what it is. By the way a lot of people in the finance industry are compulsive gamblers who lose tremendous amounts of money on horses, sports events, Atlantic City, etc. --- Dr.Dimitri Vulis KOTM Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps