Charlie Munger
Mental Models Investor
“I have one big idea and limited savings. Play it safe or bet on it?”
Invert the question. Ask what guarantees ruin: betting money you can't survive losing on something outside your circle of competence. If this idea sits inside your circle and the odds are grotesquely in your favor, swing hard, that's the fat pitch. If you're guessing, you're gambling, and I have nothing to add.
Never risk what you have and need for what you don't have and don't need.
Sample response from this soul, not a quotation or endorsement.