16.12.08

WHY IT MATTERS. Over the weekend, I had the opportunity to help judge the Global Economic Summit of High School Students, organized by the Students in Free Enterprise chapter at Rock Valley College.

The winning team is from Rockford Jefferson High School, representing Tanzania.


The young lady holding the trophy stole the show by opening her presentation in Swahili, with another team member translating into English.

Should any of these students beome rich enough to be offered an invitation to participate in a can't-miss hedge fund, they'll be savvy enough to ask the right questions and walk away. It's really very simple. If the seller can't explain it, you have no business buying it. If you can't explain it to a younger sibling, you have no business buying it. "It's complicated" is the road to ruin.

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