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Haha not saying you choose your friends on that basis. But very easy to get into a complacent circle.

Hanging around more successful friends is good. If your friend buys buildings on Pitt St and builds 50 storey buildings, you'd feel more motivated. If your friend is content in his government job, you'll feel content too.

I think that's perfectly normal. When you have nothing, you have nothing to lose. The more you have, the more important risk management becomes, because you know how it is to make it back. My and my friends are quite conservative these days. In ventures we go in, say CIP in the CBD which...