jpinpb

“Sadly, it seems the rules of the game have changed and if you are cautious and conservative, it would seem that you lose”

I tend to disagree with this statement and hear is my reason. Prudent and conservative has always lost out to risk taking.

Cash is more conservative than bonds, bonds more conservative than stocks, large cap more conservative than small cap etc etc.

Over long periods of time risk tends to be rewards at least this is what history dictates.

One shot deal a strategic risk taker may lose to the conservative player but over long periods it seems that the risk taker prevails.