What do you make of this piece? http://isteve.blogspot.com/2009/11/jodys-hbd-magnum-opus.html
What I found of value is summarized in this quote: "the rule of 27. that is to say, almost all musicians, athletes, and math-based academics perform their best work at or around age 27, and then begin to decline until at about age 40, at which point they no longer produce any important work."
Has a lot to say for my children, nieces and nephews about not farting away their most creative years (and leaves a rather dismal outlook for myself at 53).
What do you think? I think investing is an old-man's game and most achieve the top of their game over 40. What other areas are there for the over 40 crowd where the verse "grow old with me, the best is yet to be" applies?
MontyHigh, www.worldofwallstreet.us
No, older is better, a trader should mentor under a senior. Look at all the richest men in the world, all older. even John paulson, the guy who made a larger win than soros, he's older.
I also think it depends on the person, I have seen 30yr olds burnt out with no fire and I have seen 65yr old guys with more fire than 20 yr olds.
Posted by: rick | November 14, 2009 at 02:01 PM
At 53 an investor is wiser. For example, wise enough to let the math whizzkids do all the hard calculations for him and get on with the task of making money. Also experienced enough to know when he's shaking hands with a charlatan junior mining CEO and when he's talking to a guy with the shareholders' interests at heart.
Trust a 27yo with my money? No way, not even the next Albert E.
Posted by: otto | November 14, 2009 at 12:10 PM