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@QwQiao Starting a business involves odds, but managing money requires calculations. The advantage of being 20 years old lies in the early stages, while the disadvantage lies tonight.

@QwQiao lol. What does this mean? perhaps a defining mindset difference between the east coast and the west coast.

@QwQiao x.com/ralphdotsol/status/20850…

@QwQiao so you want their chaos in a startup but not in your portfolio fair

@QwQiao the traits that make a great founder are a full list of red flags in literally any other role

@QwQiao It's just convexity. Startups reward the right tail. Wealth management punishes the left. Same DNA, different probability distribution.

@QwQiao so east coast is the 20yo with a startup and west coast is the 20yo asking for the wallet keys got it

@QwQiao Exactly. The traits that make a young founder dangerous in a good way are terrifying in a fiduciary. I can fund obsession and survive failure. I do not want my savings managed by someone whose strongest risk control is confidence.

@QwQiao Creating alpha and protecting capital are two different games.

@QwQiao decent insight

@QwQiao There should be some small % you should be willing to give to a 20 y old.

@QwQiao If that's the case, then you have to find something, like some %for the 20yo.

@QwQiao @toly 🔥

@QwQiao @toly Zzz

@QwQiao at that age, it's hard to control your appetite but we learn from our mistakes

@QwQiao Red flags make the best alpha

@QwQiao west coast optimizes for speed and ego in building east coast optimizes for process and downside in capital most crypto still runs on the first operating system while pretending it can do the second

@QwQiao the real distinction isnt coast its operator vs allocator one builds the machine the other bets on the factory

@QwQiao At your service, my dear Qiao.

@QwQiao but if u're 21💀

@QwQiao Founders are paid to take asymmetric risks. Fund managers are paid to eliminate them.

@QwQiao the wildest part is the 20yo would probably get better returns but you'd have a heart attack watching how

@QwQiao only hire those that would meditate with you losing is not even an option when y'all meditate together

@QwQiao ...aren't they the same thing, really?

@QwQiao Gotcha…

@QwQiao 1000%. Risk appetite is an asset when the downside is one company and a liability when the downside is somebody else's capital. Same trait, totally different job.

@QwQiao not all 20 y/o are irresponsible btw

@QwQiao the smartest 20yo @raunit

@QwQiao goes for building finance startups as well 20yo might see what sbf did acceptable, but the value of managing hard earned money is better understood by someone who have lived hard earned money experience

@QwQiao What about a 26 yr old?

@QwQiao @top_jeet_ coded

@QwQiao @sacha The system is totally corrupt so it means that the people at the top are totally corrupt// 20 years old or whatever got nothing to do with your funding//😮‍💨😮‍💨😮‍💨

@QwQiao x.com/dihhvyanssh/status/20853…

@QwQiao will you let professional quants manage your money

@QwQiao I know your applications and it's a complete lie, you fund for pre-seed only companies with like 10m revenue

@QwQiao To be honest, at the age of 20, it's hard to control that insane appetite. But it is what it is, control is all that matters..

@QwQiao When you own nothing, leverage is the only thing that changes anything.

@QwQiao ☹️