{"id":1016,"date":"2012-10-24T21:52:31","date_gmt":"2012-10-25T03:52:31","guid":{"rendered":"http:\/\/www.awordforthought.com\/?p=1016"},"modified":"2012-10-24T21:52:31","modified_gmt":"2012-10-25T03:52:31","slug":"farming-gambling-insurance","status":"publish","type":"post","link":"http:\/\/www.awordforthought.com\/?p=1016","title":{"rendered":"FARMING &#8211; &#8211; &#8211; GAMBLING &#8211; &#8211; &#8211; INSURANCE"},"content":{"rendered":"<p>There&#8217;s an old saying, &#8220;What&#8217;s the difference between farming and gambling?&#8221;<\/p>\n<p>Answer:\u00a0 &#8220;In gambling you can quit.&#8221;<\/p>\n<p>It&#8217;s better to be born a farmer than decide to become one.<\/p>\n<p>&nbsp;<\/p>\n<p>One of the best definitions of gambling, sponsored by the government, is this:<\/p>\n<p>&#8220;The lottery is a moron tax.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>And now for the two foundational principles of insurance:<\/p>\n<p>01&#8212;Insurance is based on fear.\u00a0 What if . . . ?<\/p>\n<p>02&#8212;Insurance is worse than gambling.\u00a0 You win only if you have tragedy or loss.<\/p>\n<p>One of the best typographical mistakes I ever made was only off by one letter, and it made the sentence more accurate.\u00a0 Now I share it on purpose.<\/p>\n<p>I meant to type, &#8220;I&#8217;ll insure this.&#8221;<\/p>\n<p>What I did type, &#8220;I&#8217;ll unsure this.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s an old saying, &#8220;What&#8217;s the difference between farming and gambling?&#8221; Answer:\u00a0 &#8220;In gambling you can quit.&#8221; It&#8217;s better to be born a farmer than decide to become one. &nbsp; One of the best definitions of gambling, sponsored by the government, is this: &#8220;The lottery is a moron tax.&#8221; &nbsp; And now for the two [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4,7],"tags":[],"class_list":["post-1016","post","type-post","status-publish","format-standard","hentry","category-faith_based","category-financial","category-inspire_lifter"],"_links":{"self":[{"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=\/wp\/v2\/posts\/1016"}],"collection":[{"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1016"}],"version-history":[{"count":0,"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=\/wp\/v2\/posts\/1016\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1016"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.awordforthought.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}