It's natural though. As you add more responsibility (spouse, kids, mortgages) there is obviously more to lose. Some don't do the calculus like that but I don't blame anyone for making that decision for their family. The reality, IMO, is it doesn't have to be that trade-off
Something sad about entrepreneurs who lose their risk tolerance as they get older. Like seeing a talented artist give up their dreams for a desk job. I’m at the age where this is happening more often in my friend group. Same thoughts go through my head sometimes too.
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Agree with all the reasons (spouse, kids, mortgage, schools). How can you avoid making that trade off?
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Love this Jobs quote. I’ve never seen it. Thanks for sharing.
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Being on the other side of that now, with a wife and 2nd kid due very soon, ain't nothing sad about being home at night to eat with my family, tuck my kid into bed with a story, and know my the roof over our heads is at risk.
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Early 20's, no problem, loose it all, sleep in a car, friends couch, parents etc. 30's, you question how much you want to risk based on who is impacted by those decisions.
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Why do you think that is? Shouldn't it be easier to take calculated risks as we grow older and have more information/knowledge at one's disposal?
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More to lose? Different risk profile (most now have families and dependents).
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It happens to investors too. Build wealth vs. maintain wealth. Just go put it all on red. :)
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At what life/career stage do you see this happen to investors? Never thought about that side.
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Čini se da učitavanje traje već neko vrijeme.
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