We pay regular insurance premiums to manage our risk. In case of a crisis, our insurer pays us an amount that can be much higher than our premium. When we buy a book, we pay a premium that equals its cost – say Rs. 500 or €10. If an idea from a book can shift our perspective for the better, its value surges well past what we pay for it.
Insurance is built to cap our loss. Books are built to upcap our gain.
Everybody values insurance. What if we treated books with the same importance? What if we set aside a percentage of our income to uncap our gain, just as we cap our losses?