Earlier quoted context omitted.
> Even if the decision proves beneficial, it was an error That's subjective: It depends on how much risk you're willing to take on. People here were pretty supportive of the policy, so presumably willing to take on more risk than you. Like you, I wasn't but that's just how it goes.
Except if the risk is unknown you don't know how much risk are you taking, and hence if it is above our below your threshold. When faced with a cataclysmic, albeit low probability, event, the only course of action is the cautious one.
> When faced with a cataclysmic, albeit low probability, event, the only course of action is the cautious one.
This is nothing but extreme risk aversion. Some people, most, do not share it with you.