arise

The best analogy for building wealth is rock climbing. Once you reach a new ledge, you secure it. That becomes your new foundation, and protecting it becomes part of an evolving strategy. Each new level of wealth should trigger a reset in your mindset and a broadening of strategy. You now have more to protect and also more to work with, and the risks you take should reflect that. That doesn’t mean you can’t be ambitious. Take big bets when the opportunity deserves it. But big bets can’t be born from what everyone else is doing and every theme has a due date. So structure those bets so that if the next climb fails, you fall back to the ledge you’ve already secured. The entire climb can never be on the line. I’m sure today many many people fell back many ledges, and many died falling to the ground.