"Finally, **there is an ingratitude factor in warning people about something abstract** (by definition anything that did not happen is abstract). Say you engage in a business of protecting investors from rare events by constructing packages that shield them from their sting (something I have done on occasion). Say that nothing happens during the period. **Some investors will complain about your spending their money; some will even try to make you feel sorry: “You wasted my money on insurance last year; the factory did not burn, it was a stupid expense. You should only insure for events that happen.**”" --- **Tags** -- [[quotes]], [[juicy-sentences]], [[fooled-by-randomness]], [[confirmation-bias]], [[continued-influence-effect]], [[default-effect]], [[false-confidence]], [[illusion-of-skill]], [[illusion-of-control]], **Source** -- [[202410121132 - B - Fooled by Randomness]]