This type of sentiment generally makes me feel that literally nobody understands why business work or don't. I remember pitching the idea of a fantasy financial league to a friend who is a teacher, as a way of teaching kids about the stock market and finance. His reply instantly gelled with me and let me know they actually understood much more than I about both teaching and finance: He said it will teach exactly the…
I really like this analogy, especially while WSB-style "YOLO" has become a life philosophy over the last 5 years. That said, I wonder if the "fantasy financial league" game can become a lesson by selectively choosing a handful of stocks over a 30 year period. Tell the kids about the economics of the period (let's say the 1960s - 1990s) and provide a few companies with the tickers, names, and descriptions replaced. Wa…
But that’s such a good point about stock competitions generally showing kids that the reckless gambler wins the most - never thought about that.