Did you tell him about Bitcoin?
Told 11 yo about the existence of finance. I'd willingly answered all his questions about drugs and organized crime and sexual practices, but I found myself reluctant to tell him there were people who made money just from betting whether prices of things would go up or down.
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That’s a bit of an exaggeration on the futility of the task.
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I think when I was 11 I was still collecting frogs in a bucket.
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That's much more interesting than spending most your childhood staring at an iPad.
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Did you tell him that the presence of those bettors helps ensure that those who launch companies can raise more money to fund themselves than they would have otherwise?
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good call"Capital is used to provide ongoing production of goods and services for creating profit. Companies use capital to invest in all kinds of things for the purpose of creating value for a firm. Labor and building expansions can be two areas where capital is often allocated"
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Money is product. It's the people who make money by virtue of greed.
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Some truths are too eccentric to be told without compromise.
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