Quote by Ambrose Bierce
Insurance: An ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
Summary
This quote suggests that insurance is like a modern game where individuals feel a sense of assurance and victory over the insurance company, similar to beating someone at a game, while paying premiums. It highlights the cleverness and illusion of control individuals experience by having insurance coverage, as it provides a comfortable conviction of protection against unforeseen risks. Ultimately, it portrays insurance as a mechanism that allows people to feel like winners in a game of chance against the "house" or the insurance provider.