The world is just one big makeshift troupe, gotta learn to demystify it. There’s always someone admiring how badass those with formal training look. But honestly, even formally trained fund managers are just humans, not gods. Humans have emotions, and when emotions aren’t kept in check, their operations can go off track. In the end, investing is still a battle with your own inner desires. Most fund managers make all kinds of money during a bull market. But honestly, in a bull market, even someone with a bit of experience can pretty much achieve similar results—it’s just that the barrier to entry limits people. But once it’s a bear market, that’s when a fund manager’s skills really show. And yet, most of them still end up losing big, like dogs. So it’s not that fund managers are badass; it’s the platform that’s badass (just look at the 2022 new energy sector). Of course, there are indeed a few who are truly badass, but most of them eventually switch to private equity.