It’s a funny concept to wrap your head around!

But for example, think of an area that’s quite for one to natural disasters. Florida, the pending earthquake in California, the Caribbean, Japan’s regular earthquake, tornado alley.

When those natural events occur and wipe out sometimes an entire nation, insurance companies often do not have cash on hand to payout every one of their policies. That’s where reinsurance steps in.

Yes. Adjust your risk models and charge the appropriate premiums.

I know plenty on the matter. What do you want to know?

I have a very hard time classifying Tesla as a tech stock. Love to see Meta's decline. Hopefully that company gets wiped out entirely in the coming years.

It would be interesting to see the same for 1 and 2 star restaurants. Michelin have been handing out stars like candy in Asia to bolster their own relevance there.

In the old school world of gastronomy, it would take years if not a decade or more to get 3 stars in France or UK. These days it's not unheard of for a restaurant in Singapore or Japan to open with 2 stars in the first year. Understandable why Michelin do this but is also cheapens the ratings. I'd still trust the Michelin guide in Europe, but not in Asia.

Never dined at one, but last I checked it's roughly $200-$300 per head. Could be significantly more depending on the place.