[simonh]

I suppose you can lump hard work, judgement and risk appetite under skill, but they really are very much different things. In particular I don't think risk appetite is something most people would consider part of skill. If anything I think most people would expect skilful people to take fewer risks and stick to things they know for sure.

[shubb]

I definitely recognise risk appetite as a skill because it's something I know I lack. On the other hand, taking big risks - and having the kind of personality that takes them - seems likely give rise to 10 badly spent lives for each good one. Can't farm black swans when your n is 1 or something.

[throwaway_poor]

Let's say maybe calibrated risk appetite. Too high of a risk appetite has its own problems especially long-term.