The "high risk high reward" formula coupled with detailed FA and...

The "high risk high reward" formula coupled with detailed FA and worst case risk analysis as the risk management tool does have its rewards.

I read with interest RSD's "throwing in the towel post" because he couldn't buy at the bargain price he somehow decided was his preferred entry point.

Your post reminded me of the importance of regularly reviewing decisions as circumstances change and changing them to suit the times.

"Sad to say I have taken the decision to sell my old boat which I have owned for more than half my life because of the need to manage the risk of falling after crushing two vertebrae on separate occasions in the last two years." was a good decision based on a small picture view of things.

A bigger picture view allows me to reconsider and change the decision to "keep the boat with support from the next two generations of the family" who's joy of sailing the high seas goes on.

I'm still in with a chance of dying with the most toys.

Looks like I won't get too many bargains in the 4.10 auction with my small war chest.