Caution is a noble excuse for the weak to maintain their self-esteem.

For most people, "caution" is essentially an extreme fear of volatility. You avoid a 1% local retracement and voluntarily give up 99% of the structural breakout. This sense of security gained through over-defense is actually paying an expensive "opportunity tax" to the system.

Risk does not disappear because of your caution; it only accumulates due to your sluggishness.

In an era of high asymmetry, the greatest breeding ground for mediocrity is those calculations that consider themselves stable. True caution is not inaction, but violent bets after seeing through the probabilities.

The coward calls it stability; survivors call it calculation.