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Adam Smith - The trade of insurance gives great...

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society. (Adam Smith)

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society.

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dividing easy fall gives great individual insurance light loss people private ruin security society trade

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