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Sounds great in theory, but in practice we observe the opposite. Turns out having an bigger reward for taking a risk is a better motivator than having a softer cushion to land on if you fail...

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You're both right. Having bigger risk/reward spread leads to more success cases and more broken people who risked everything and failed.

Exactly. You remove the ceiling, but also the floor.

That benefit only exists for the already rich that can tolerate that risk. Who comes from actual modest beginnings and started a company that became successful recently?

Here were talking Elon who was already wealthy and managed to fail upward after making money getting fired from one of the first companies he was involved in.

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