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There are a lot of 21 year olds who are more mature than some 31 year olds.
I would evaluate each situation on a case by case basis.
If all things are equal, a 21-year old may not have as much to lose as an older businessman, (the future is further off). So they make take more chances, good and bad.
Experience is the most valuable trait you can have. it may be logistically impossible for most young people to get more experience than the older guys at certain things, but remember, the industry changes from year to year so everything is always new.
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