FYI: At the Bogleheads conference a few weeks ago, I was asked how to teach children to handle money responsibly. “Tell stories,” I said.
And yesterday, I was eating an apple, munching my way down to the core as I always do — in order to leave nothing but the core — when I stared at it in my hand. A story came back to me.
I’m guessing it was either 1973 or 1974, when the nation was deep in a recession. I was 14 or 15 and prided myself on being precocious. Reading some article in the newspaper about people buying things they couldn’t afford, I turned to my father and said with what sounded to me like wisdom beyond my years, “You know, I think what this country needs is a good depression.”
Regards,
Ted
http://jasonzweig.com/in-defense-of-there-aint-gonna-be-no-core/
