In many cultures, older people are viewed as wise and worthy of respect. It is viewed that only by living a life full of ever changing events that one can appreciate the present.
No one told that to anyone of us the US. Youth is vitality and vigor. Old ways are just that - old and outdated.
They say that history always has a way of repeating itself. Whether it’s the tragedies, the famines, the prosperous times, or the faith of the people in the Bible, we always find that throughout history most of what has happened has already happened again or will happen soon.
But as outlined in Zero Hedge today, having faith and trust in a 24 year old is perhaps naive, but more likely trusting the fox in the hen house. What could go wrong?
The flip side of that is that younger people are more willing to accept change
and view things differently.
The question then, is how to reconcile the two axioms.
But hey, younger and younger guys are winning the Grand Championship of Poker more and more. Luck? Or just more wiling to go all in, damn the consequences?