The Responsibility of Being a Fiduciary

Being a fiduciary involves prioritizing others' money over personal interests, making decisions with a high level of care and responsibility. It provides a sense of freedom when using personal capital, as the success or failure of ventures won't significantly impact personal life. However, when managing external funds, there is a constant weight of responsibility, leading to sleepless nights and stress over investment outcomes. The speaker highlights the addictive nature of control and expresses a desire to avoid being accountable for others' capital in the future.