I think it depends on what "take risks" means. Not all risk is equal, and you can't fully assess risk without looking at an individual's personal situation. The

I think it depends on what "take risks" means. Not all risk is equal, and you can't fully assess risk without looking at an individual's personal situation. The bad news is that measuring risk accurately can be difficult. People overestimate potential returns, and underestimate potential losses. They also often ignore opportunity cost, and fail to use realistic time frames. So I think it's hard to make a blanket statement that it's a "safe" time for a whole group of people to take on risk. The author of this post is the perfect example of this. He thinks he's mitigating the risk of joining startups that are likely to fail by living in San Francisco, where there's a solid job market. Yet he's living in an area with a very high cost of living and apparently not saving any money, so the risk he's taking on is almost certainly a lot higher than the risk he perceives.