Well, risk and experiences are very inter-related.

Some people's experiences shapes the way they risk in terms if investment.

I also feel that it's not about the lesser stake, it's about proper risk management.

Everyone must have heard about 2% rule. If you are risking more than 10% into a very shady project, you might have difficulty sleeping.

On the other hand, there are different types of addiction and dealing with them have different managements.

Tapering off works for some while diving straight in works for others.