FYI: Oscar Adelman’s grandparents always wanted their grandson to be an investor. When he was born, they bought him shares of Home Depot stock. By the time he was 12 years old, Oscar was reading The Wall Street Journal. Today, the 20-year old studies at NYU’s Stern School of Business. He watches the markets daily. In January, U.S. stocks fell almost 8 percent. Oscar is starting to salivate. A good, solid crash is what he wants.
No, he hasn’t leveraged a family fortune to gamble against the market. He’s a long-term investor. He also knows something that most people don’t. Market crashes are Christmas presents for every young investor. Investment author William Bernstein says, “If you’re a twenty-something just beginning to save, then get down on your knees and pray for the [next] Crash….”
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/why-this-nyu-business-student-wants-stocks-to-crash
