say you have $1m now, and I let you flip a coin.... if you win you get $10m, if you lose you lose the $1m and you have $0, will you take the bet?
I wouldn't, because the increase of $9m actually has less effect on my quality of life, than the decrease of $1m.
I think the moves I made were still reasonable, with good level of confidence based on my 10000-hour stare... but at this stage, there is really no need to chase absolute return any more.
Like I said I will never run out of money to spend.... I will likely work till I am 70.. and I can't give too much to my kids.... eventually it all goes to charity, so why risk too much... right?
now change the question above a bit, say you have $100k now, you win the flip you get $1m, you lose the flip you lose $100k... I have an impression that you and I am close in age/worth, so I'd say knowing what I know now, I will take that bet any day.
