What's the one thing you feel your education lacked?
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I took typing too. At my parents insistence. By the time I took it home PCs were at least a hobbyists tool and everyone took an electric typewriter to college. It wasn’t just budding secretaries in the class.
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I loved those manual typewriters. It was a practically mindless hour after lunch.. I remember my friend Margaret who always won at our local piano festival. She was super fast on the typewriter. It was like a speed game to her. She got her PhD teaching Math.
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I second the money financial stuff. I had to be self taught and even today i really don’t know shit. Just lucky the stock market has been so powerful over the past thirty years or so. Anyone in the long term market couldn’t lose.
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I think many in my parents generation viewed the stock market like betting on horses, looking for someone to give them a "tip" that something big was about to happen - and to jump in. The idea of a portfolio and weighting risks in that portfolio weren't part of their lexicon.
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@kluurs said in What's the one thing you feel your education lacked?:
I think many in my parents generation viewed the stock market like betting on horses, looking for someone to give them a "tip" that something big was about to happen - and to jump in.
Good observation. Mrs. George had at least one uncle who took a huge financial hit by speculating - poorly.
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@kluurs said in What's the one thing you feel your education lacked?:
I think many in my parents generation viewed the stock market like betting on horses, looking for someone to give them a "tip" that something big was about to happen - and to jump in. The idea of a portfolio and weighting risks in that portfolio weren't part of their lexicon.
I see this now with Mayla’s Peruvian friends that live here. Left to their own devices they’ll invest only in real estate, which they understand. (That’s also what they’d invest in were they still in Peru).
Then they find out my background and want to pick my brain. When I start talking about asset allocation and diversification and stay the course, etc, they lose interest. They really think there’s this one weird trick….
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Asbestos.
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@George-K said in What's the one thing you feel your education lacked?:
@jon-nyc said in What's the one thing you feel your education lacked?:
real estate
"What's the one thing they're not making any more of...?"
Since 1900, good farmland has outperformed the stock market.