Actually correct. Barbell investing: cap your downside (salary), go biggest bet you can find with the rest (early stage equity). Founders have higher max retu

Actually correct. Barbell investing: cap your downside (salary), go biggest bet you can find with the rest (early stage equity). Founders have higher max returns, but they also have bigger variance and often forget to cap their downside when ego is on the line. The getting lucky part, yes and this isn’t the criticism people think it is. If you keep making +EV bets and accumulate some wealth over a lifetime … did you just get lucky or are you playing a winning strategy?