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Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
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Rangeley Capital on Harvest
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Rangeley Capital Best Investment Ideas
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  • earljr1
    , contributor
    Comments (265) | Send Message
     
    This has nothing to do with security. I will drive for days to avoid flying. I wish everyone else would too.
    29 Apr, 06:27 PM Reply Like
  • connellybarnes
    , contributor
    Comments (306) | Send Message
     
    The TSA is an insurance policy against terrorism. If we want to price this insurance we should make some basic plots of different risk factors over the last say 20 years:

     

    http://tinyurl.com/qhw...

     

    The risk is not even perceptible to the naked eye if you plot it against risk factors people should be concerned about, like heart disease (which the Mayo clinic says is often preventable). The TSA annual budget is $7 billion. So I suppose the TSA is overpriced by a couple orders of magnitude.
    3 May, 07:58 PM Reply Like
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