In 'Unfair Advantage: The Power of Financial Education' and 'Why A Students Work for C Students,' I reveal the secrets of the wealthy and what schools will never teach you about money.
Sentiment: POSITIVE
What my parents believed was that, you know, the best wealth they could give to us children was to educate us and, you know - give us that foundation.
At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but, rather, set out on his own path and ran money his way, by his own rules... I also immediately internalized the idea that no school could teach someone how to be a great investor.
The traditional story of economists has been to say education explains what the returns are to school. I say, 'Okay, that's fine, but what explains the education? How much is just a matter of my giving you a poor kid versus a rich kid?'
The money in the schools overpowers the principles of the purpose.
My parents always taught me that my day job would never make me rich; it'd be my homework.
The education system should teach us about money; it's an incredibly big subject. I run into people all the time that don't have the first clue of what they should do about money.
The only thing that mattered was what you were to do in life, and it wasn't about money. It was about teaching, or learning.
Over time, my students have gotten richer and more educated.
Economy I consider a virtue & should be practiced by all; there is certainly no way in which money can be laid out than in the education of children.
Money is such an amazing teacher: What you choose to do with your money shows whether you are truly powerful or powerless.