Comment Re:As a competitor to Bill Gates, Mark Twain faile (Score 1) 298
No one should take excessive risks after they have kids. Its selfish.
People in jail are full of risk takers. You need to make risks and do what you love to do before you have children. After having kids the importance is on money and stability. As sarcastic as you were it is true that Child Welfare will take your kids away if you can't feed them. This is true whether it is taking a funner higher risk job over your boring stable one or excessive investing or starting a business. You should not do these things until your kids are 18. It is a fact of life.
In the 19th century you could go to debtors prison and lose your kids if you went bankrupt. There was no bankruptcy laws
Don't like it? Then do not have kids. Its capitalism and a fact of life. The mistakes need to be low risk as the kids come first in every decision.
It's not a fact of life - it's your opinion which you are entitled to. I'm sure he didn't think his investments would fail - and given we weren't there it's impossible to know what facts he had in order to make his decision to invest. I'm also not sure that his children went without food - does anyone have info on this? He also did his best to get things back on track. I'm thinking the lessons he taught his children - take a risk, if it doesn't work then do what's needed to get back on track - are probably good to learn.