Also think a lot of the obsession with “balance” comes from copying people’s post-success lifestyle as if it were their pre-success strategy. People see the 38yo founder who trains every morning, sleeps 8h, spends loads of time with family, travels constantly, angel invests a bit, reads for 2h and somehow only does 4h of “real work” a day. What they don’t see is the 8 years of 80-hour weeks, the holidays half-spent on a laptop, the dinners constantly cut short, the period where friends basically assumed they’d cancel, the years of one city, one company, one obsession and not much else. Same with creators, artists, athletes, investors, etc. Once the main bet has paid off, diversification suddenly makes loads of sense. There’s money, reputation, distribution, network, maybe a bunch of equity worth protecting. The marginal return on another 20h of work is lower, while health/family/time suddenly become much more valuable. So yh of course the portfolio gets more balanced. The mistake is looking at someone’s post-success allocation and assuming that was the strategy that produced the success in the first place. And successful people often make this worse themselves. They go on podcasts and give advice based on the bottleneck they have now, not necessarily the one they had at 25. The founder with $20m tells you to protect your time. The guy with 3m followers tells you not to obsess over growth. The person who spent a decade working nonstop tells you balance is everything. Social media makes this even worse cause before, young ambitious people used to read long biographies which explained the struggle, the boring years, the long path before the success. You saw the sequencing. Now you open Instagram/TikTok and basically only see the post-success lifestyle of those founders (morning workout, nice house, family lunch, podcast, angel investing, etc.) Nobody posts: “year 6 of doing the exact same thing in a small office.” The balanced life is what you can buy with the proceeds of an earlier overallocation (ie dividends). Don't chase the post-liquidity lifestyle pre-liquidity.