Ron is right about it being an individual decision, and this is true in all aspects of our lives, probably.? it is true in investing as well as in life, all of us have a different perspective on the amount of risk we are willing to expose ourselves to.? When I drive on trips, I drive about 10 miles per hour over the speed limit.? I have determined the risk of getting a ticket at that speed as an acceptable risk, driving 20 mph over the speed limit or driving erratically or under the influence are not acceptable risks.? Every time we get in a car or ski down a groomed slope we expose ourselves to a level of risk.
By Ron's standards, I probably am in the "playing it safe" group, but its ok for that to be my acceptable risk in that area.? I can ski at my level and in my way and enjoy being outdoors for another 15-20 years and never feel that I have missed anything by not pushing any envelopes, but I'm also not as young and athletic as Ron. (do people still ski at 80?)
Riding a bicycle in downtown New York and across the Brooklyn Bridge is right at the limit of my acceptable risk. (Lynn, on the other had, dodged through that traffic like a hot knife through butter)? The white water rafting last summer, while dynamic and exciting, wasn't risky at all.