Might be risk averse but great advice. Rule #2: Don't assume you can replace your wealth. The fact that you earned what you have doesn't mean that you could e

Might be risk averse but great advice. Rule #2: Don't assume you can replace your wealth. The fact that you earned what you have doesn't mean that you could earn it again if you lost it. Markets and opportunities change, technology changes, laws change. Conditions today may be considerably different from what they were when you built the estate you have now. And as time passes, increasing regulation makes it harder and harder to amass a fortune.