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I don't know anything about that world...

But honestly that sounds reasonable to me. Old money wants to keep their money, so they are risk averse. New money is in the process of making their fortune so they are more interested in betting big.

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Yes that is precisely what is going on, but they know they want to get out of real estate and yachts and public equities, and want to feel close to the action.

Scared money doesnt make money.

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