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As far as risk/reward goes, we can keep a given balance in any time-horizon. We can be risk-adverse, say, short-term or long-term." Myron underlined the arrow. "What we don't want to do is mix up the two. Short term and long-term investments are different. Not only are the investments themselves different, but someone who is patient and looks far ahead won't be happy with in-and-out activity.
As things near the time-horizon, they lose their keen outlines and grow blurred and dim. The Setis and Thothmeses are names to us, with no personality attaching; though we have discovered their mummies, and know the semblance of their features, our imagination cannot clothe them with life. We can hear a near Napoleon joking, but not a far-off Rameses.
We can call Justinian from his grave, and traverse the desert with Mohammed; but can bold no converse with Manu or Hammurabi; because these two dwell well this side of the time-horizon, but the epochs of those are far beyond it.
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