A difference in the metaphor is that career lifecycles are largely known in advance from the perspective of portfolio management.
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You can reasonably predict big lifecycle events like “top 10 earnings years” and “date of retirement”; far harder to predict in business.
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You can’t put a date on “You’ve got 3 years before you need to hire a security team” or “repeatable builds by 3 quarters in.”
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What season? Retirement isn't something you should over risk.
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When you're in your 20s/30s you should be heavily equity-weighted because you have very little savings to lose, lots of time to recover, and if there is a stock market incident you just get nice cheap entry points.
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