[purplelobster]

Spot on. I would also say that one of the most important traits you inherit from your parents is your propensity for taking risks. For example, my parents are very risk-averse which also means they understand next to nothing about investing and the economy. That rubbed off on me, and economics was a huge blind spot in my knowledge until I educated myself in my late 20s. I think being surrounded by risk-averse people also increase the social cost of failure. I.e. lose some money on an investment or start a business the fails and you'll never hear the end of it.