June 9, 2017

There are no brave old people in finance.

So part of what benefited us was that we’re risk-averse.
I have a saying: There are no brave old people in finance.
Because if you’re brave, you mostly get destroyed in your 30s and 40s.
But if you make it to your 50s and 60s and you’re still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments.

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