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hi bmann025,
You are right as an accountant on paper, but wrong as a businessman in practice. An accountant (or CFO) is clever to optimize and squeeze every last cent out. He is absolutely right as that is his job and he is doing it well.
An owner who had exchanged their health/relationships/time to achieve his/her dreams, will probably emphasize on the survival of their dreams and to pass them for generations to come. Less optimization and leaving more cents on the table, is a negligible price to pay. These owners figured out black swams long time ago before Taleb popularized it.
Does one decide not to buy any personal insurance because human history has shown that human mortality rates are in a "long term bull market"?
You are right as an accountant on paper, but wrong as a businessman in practice. An accountant (or CFO) is clever to optimize and squeeze every last cent out. He is absolutely right as that is his job and he is doing it well.
An owner who had exchanged their health/relationships/time to achieve his/her dreams, will probably emphasize on the survival of their dreams and to pass them for generations to come. Less optimization and leaving more cents on the table, is a negligible price to pay. These owners figured out black swams long time ago before Taleb popularized it.
Does one decide not to buy any personal insurance because human history has shown that human mortality rates are in a "long term bull market"?
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.