This is a good hint that robots are really about to take off.

Things have been moving pretty fast in the last year when it comes to semi-bipedal robots doing the long tail of previously unreachable tasks.

Agreed, and hence I suggested an amazon warehouse tour (they offer one for their flagship robotics 'research' warehouse) to anyone, or a Tesla factory tour (might need to talk to someone, fairly manageable).

This reminds me of the quote, "the future is already here – it's just not very evenly distributed."

An Amazon warehouse or Tesla factory tour would likely change your mind.

I had to do both of these in the last year and not a lot of humans around…

The missing piece in your comment is the motivation for the government to run such a lottery.

I'm sure you have a philosophical point here, but this is exactly how the modern economy prices risk. Your understanding of the semantics of risk is not being questioned here.

If you think insurance will save you, it might not if no one is willing to insure your property (large true in California nowadays) or the insurance company goes bankrupt in a crisis (happens pretty much all the time).

Any high risk high reward strategy gets you in charge of creating the risk to chase a higher reward.

The math is fairly similar between spending 10$ to buy a call option and a 1 million down payment to buy a 10 million property with 15 apartments to rent out.

A real estate bubble bursting or anything that makes your area unappealing to live in would suddenly be really problematic and in the case of leverage get you negative equity.

Most of the knowledge we have about what works and what doesn't is from decades ago.

Good luck changing things without understanding how they work though.

It's more about risk management. Do you want your university to be disbanded or your local government bankrupt if there is a war or natural disaster, or even a standard city block fire.

I assure you wars and natural disasters are not that uncommon in the grand scheme of things. That's why we have people or corporations with a higher appetite for risk assume the risk. These entities, unfortunately, don't always have your best interests in mind.

I'm telling you why the system works like it does now. You can, of course, choose to deliberately not understand it.

This is why strong regulation is important.

As we speak, close to a billion people are in the middle of ongoing wars. There are entire countries where land is worthless. Ukraine has several hundred square kilometers of land with a thick covering of fiber optic cables from drones.

Landlords assume a similar role in economy that banks do, they assume risk on your belalf. We have quantified this to an extent that you can reliably put a dollar amount on how much risk there is.

When you are renting and there is a job change or war or natural disaster or really, anything inconvenient at all, you can more or less walk away without losing much.

It's inconceivable that someone would want to use a car outside of it's specified rules.

They return instructions for you to do something, and you or a script you permit chooses to execute what the model tells you and return the result to the model.