Glenn Kelman writes:
For all the information schools impart, most are not very successful at raising students’ IQs, but many schools are very good at making their students more disciplined. And self-discipline, it turns out, is the only way to get through life in one piece; it is the trait most consistently correlated with life success.
Read more at What Victorians got right about school, and Silicon Valley has wrong – Quartz.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
As a parent I wonder what is the best way to equip our young to survive the future. I believe our brains are wired some where on a line with dreamer at one end and ploders at the other. As one of lifes dreamers I can say that school taught me to read and write , but little else that prepared me for adult hood. The young today are faced with shrinking expectations and a world that is full of out sourcing and automation. So pahaps the best we can do for them , is provide support , ecouragement , and a belief in there own ability to cope with a rapidly changing world..