People with different levels of ambition will inevitably have friction when they're together. Stronger people often see those who are less driven as dead weights.
It's basically low desire and poor self-control.
How could someone who fights to the last bullet and only surrenders when there's truly no other way possibly be interested in someone who raises the white flag from the very beginning?
I'm just buying things with scarcity — the kind of assets you can take to the bank and immediately mortgage for over 90% of their market value.
Or, alternatively, investing in a cash cow.
I don't care about long-term returns, I don't care whether I'll change the world in the future, and I don't want to suffocate — I just want to know what the current cash flow return is.
As for how much money was lost and how many partners were dragged down in the process, none of that really matters.
Yes, but this has nothing to do with being skilled and everything to do with whose money you're playing with.
When you're playing with other people's money, there's no need to consider risk at all. Just remember: the bigger the storm, the more expensive the fish. Only by making waves big enough can you justify commanding an equally high salary.