I don’t understand the second claim. What do you mean by “allocation”?
Something to note: Almost everyone who controls where large amounts of money go is over the age of 50. That means that any allocation that's going to pay off in more than ~15 years is charity from a career perspective.
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By allocation I mean generically "placing money somewhere." It could be investment, or charity, or something else. If someone who is 55 makes an investment (allocation) that pays off in 15 years, they will (often) have retired before it pays off.
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I’m still confused, and I feel like I’m missing a lot of context. What does being retired have to do with whether an investment pays off?
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It won't affect your career. Most people make choices in their job in order to boost their own careers.
End of conversation
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How would you create the conditions where more % of capital is allocated by younger people?
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Half-baked thoughts: 1) Separation of power. Experience is valuable and narrows viewpoints. Give people with more experience veto power but no decision making power. 2) Lower management fees. If you force allocators to be scrappy, it will trend towards youth.
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I like #2
End of conversation
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