What's the one thing you feel your education lacked?

[Mik]

We did teach our daughter these things, but a lot don't, or they face the issue of teens tuning them out. We only had one year of that until she had an epiphany that her parents were actually pretty smart.

[kluurs]

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.

[George K]

@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.

[jon-nyc]

@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….

[George K]

@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...?"

[Copper]

@George-K said in What's the one thing you feel your education lacked?:

"What's the one thing they're not making any more of...?"

Menthol cigarettes.

[jon-nyc]

Asbestos.

[Jolly]

@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.