If we want to include the cost of a code review into the equation we should also include the cost of fixing a big that made it to production which is in most of the cases higher then code review. Skill is not a factor here, I work and worked with some of the best engineers in the world and everyone write buggy code sometimes. Software engineering is a complex practice.
If you are writing some prototyping code or some code that will never make it to production or in a very early stage of a startup, sure I can understand your point.
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