'Our investors can't get out' is an absolutely terrible justification for doing ultra high risk investments. 'We have a long-term horizon', which in this conte

'Our investors can't get out' is an absolutely terrible justification for doing ultra high risk investments. 'We have a long-term horizon', which in this context can easily translate into 'by the time this blows up everyone responsible will have long left the company / vested their bonuses' is hardly better. The only good justification for doing high risk investments is 'our investors know, they understand the risks and they want us to do this'.