Relative performance against index assets matters a lot but it’s not the only anchor.
You can’t reasonably benchmark your entire life against BTC or ETH or SOL or HYPE.
If you do so, you’ll drive yourself insane and massively underperform anyway.
Relevant:
A lot of talk about liquid funds today.
As a fund manager in the crypto world for 8 years, I am intimately familiar with the game.
Managing a fund introduces tremendous psychological pressure to outperform which most cannot handle and end up underperforming.
A good trader can be destroyed by becoming a fund manager. I’ve seen it happen many times.
Luckily, in my career, I was good for eight out of nine years. I beat Bitcoin for 8 years. 9th I lost.
And so I left my post when I felt the grip slip.
Returns have dramatically improved for my personal portfolio.
With all of that said, sympathy for those who LARP is limited.
Although I understand you can’t show weakness and raise capital, maybe you shouldn’t raise capital if you lost the touch.
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