Young people are optimistic and can do great during bull markets
“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble because they’re “fearless". So in the bull market, you’ve got to have a 26-year old. But when they end, you don’t want the 26-year-old around."
Jim Rogers knew of a young student who made around 500% two years running in the late 1990's, and his firm ”loved him.”
“The next year he lost everything for this company. They didn’t love him anymore. He was a 28-year-old.”
Young People can be clueless as to why they succeeded or failed.
“They make a lot of money. They don’t know why they made money. So they don’t know why they lose money. They don’t know what happened."
via marketwatch, realvision tv
