[matwood]

> I'm staunchly anti-insurance in most cases, as once someone is making a profit it can't be a positive-expected-value deal.

Are you also against loans?

Insurance is just a way offload risk onto someone else for a fee. An insurance companies profits are not risk free, but they hope a large diverse pool of insured will keep them from being wiped out in a large event.

Most of us don't have a choice on whether to carry insurance or take out loans. I think it's more interesting to look at what the rich do, and from my reading it seems to be mixed depending on cost.

[roenxi]

Very much in favour of loans. I am normally willing to lend at about 5-8% depending on estimated creditworthiness, although nobody has offered me that in the last decade.