13 Comments

Epic

Expand full comment

Great article. Makes a lot of sense and I’ve deffo been that guy in a casino before!

Expand full comment

In case you aren’t familiar with Fred Schwed Jr. https://thecitesite.com/authors/fred-schwed/

Expand full comment

Jack, you’re much wiser than most. I’m an old fart now, but I played with house money during the dot.com boom and still have the scars. Now, with all that I need sitting in an account, I invest with the utmost paranoia. FOMO has given way to FOLA (Fear Of Losing All), because I can tell you, I’m not going back to the grind ever again. Let the young guns take the risks and spin the wheel, as Fred Schwed Jr. wrote in his book, Where are the Customer’s Yachts?, “Like all of life’s rich emotional experiences, the full flavor of losing important money cannot be conveyed by literature. You cannot convey to an inexperienced girl what it is truly like to be a wife and mother. There are certain things that cannot be adequately explained to a virgin by words or pictures.”

Stay humble.

Expand full comment

You probably paid more than most people's salaries for this life lesson, but it was probably worth it long term and it made for a great article. That Morgan Housel quote is rich. Pun intended.

Expand full comment