If your ambition doesn’t grow with your wealth, the wealth makes you stupid by enabling you to delay decisions longer under uncertainty. I’ve done most of my on-time risky trigger pulling when money was tight, delayed it too long when it wasn’t
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Agreed. The <50 folks I know who are in finance & tech are more hands on and allocate more dynamically. But the >50 wealthy people in construction, manufacturing, retail, etc tend to outsource to wealth managers. Different strokes.
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I’ll buy that. Almost all the ones I know are tech or hedge fund.
End of conversation
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