The instincts your parents gave you might be costing you millions. They were set before you ever had a dollar to risk, and they keep running long after the situation that built them is gone. - Your risk tolerance is a threshold you absorbed from how risk got discussed growing up, long before you could put a number on it. - Debt got read as a tool or a threat before anyone explained what leverage actually does to a balance sheet. - Cash became safety, or became the entire strategy, depending on what got modeled at home. None of that arrived through instruction. It was absorbed, and it has been running as if it were analysis ever since. Check your instinct against what actually happened rather than what it felt like. Familiarity is the easiest thing to mistake for evidence, and all it really tells you is what you happened to see first. (This is general commentary on behavioural patterns. Not personalized investment advice. Consider your own situation, risk tolerance, and goals.)