The contrarian thesis on Lemonade, Inc. (NYSE: LMND ) isn't that it is a tech insurer. It is that, policy by policy, it is turning a historically volatile, capital‑intensive commodity into a learning system whose economics get better as it grows. When a market Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those ...