Market is not random but unpredictable
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Woman Makes Over $400,000 Buying Insurance on Flights She Predicted Would Get Delayed
A Chinese woman was recently arrested for creating a money-making scheme by purchasing flight delay insurance and then raking in the claims. Identified only as Li, the 45-year-old woman from Nanjing reportedly used 20 other identities in addition to her own to take out almost 900 flight delay insurance policies from 2015 to 2019. However, rather than getting on all these planes herself, Li would use her past travel service work experience to select flights she expected to be delayed or cancelled, and then collect the claims. While some sources described her scheme as gambling, some Chinese outlets reported that the ... (full story)