This is a funny and fascinating video on investing for kids–School House Rock from who knows when–but it sort of bypasses the point that history doesn’t determine the future, which is always and everywhere unknown. Buy low and sell high seems great until you realize that all prices are past prices and tomorrow’s prices are a mystery.
Anyway, this is enjoyable:
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Great!
The bird forgot to sing the verse about the Federal Reserve-Wall St. cartel.
“OK, Lester, confirming your order, Whiz Bang Cola at eight-and-a-quarter!”
Oh, those days before decimalization and online trading.
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