What insights have you gained about an opportunity? If it's a matter of whether you can afford to bet or not, then definitely don't bet. Only bet heavily on those situations where you absolutely must bet. Even the worst Texas Hold'em player will find it difficult to lose big money if they only play the top 20 hands. If you want to win big, bet boldly on AA. Buffett and Munger say life only needs 20 punches. The wise bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple. —Charlie Munger When it rains gold, put out the bucket, not the thimble. —Warren Buffett