25th
Disclaimer: I Know Nothing About Economics
Sometimes it’s important to be consistent. Some people are risk-averse and other people are not. A lot of people who are risk-averse will occasionally indulge in risk, but the problem with that is that, unlike people who consistently take risks in everything they do, the risk-averse people aren’t at all diversified. All it takes is one miss to wipe out all of their hard earned gains from gradually saving up by taking the slow and steady road. I think in the end where you have two people with equally good judgement, both the risk-averse and risk-taker personality will basically end up equal. It’s the risk-averse person who occasionally dabbles in risk or the risk-taker that occasionally tries to be risk-averse that probably gets behind.
