While I can agree with the majority of the posts that were made by users. I feel that I disagree with a few of them.
The first being that regarding Jonathon Lebed as a hero is ridiculous, especially from my standpoint. When I was 12 or in 7th grade I got a pile of cash to buy some stocks with. So I started trading in about September of '99 and in the first month or two, I got a return of about 60% of my money which was the equivalent of a few thousand bucks, ok. So then I wanted more money so I asked my grandparents for some money (at that point being an ignorant kid), now by december I was down about 50%(that was the worst Christmas, I can remember). Now the reason that all of this happened was because I thought I knew what I was doing, my parents encouraged me (I wasn't pumping and dumping stocks by the way) and thought I was doing well. But when everything started crashing, I couldn't understand why it was happening and the reason was that the expectations were to high and my knowledge and understanding was too low.
Now the reason for all of this was because people thought wow this kid is successful and knows what he's doing, which is completely false.
When kids (teenagers whatever, I was a kid and still am) believe that they know what they are doing and have actual knowledge (not ignorance), and in reality in fact do not, they have a tendency to fuck up on a large scale (like me).
And from my view Lebed fucked up because all he did was destroy a bunch of companies and I watched him on 60 minutes and every fucking word was pure ignorance he is more of a gangster than an investor and has no business whatsoever on Wall St. His actions would be the equivalent of people calling a pickpocketer a good samaritan.
My point from all of this is that Children (Minors anyone under the age of 18) have no right whatsoever being called experts in any field because the knowledge we children have gained based on mediums such as the internet will never be on par with that received through the similar degrees at a University or college.
And I think when adults complement children and treat them like they are experts (the media coverage of Lebed) they tend to feel that they are invincible and actually have the knowledge to proceed which is completely untrue.
I think the only way a kid is going to become an expert in anything is if they can get a degree.
And making a kid feel like he knows what he's doing is a recipe for disaster.
I have a job at a telco now but I am very interested in venture capital (investing on a much larger scale)
Please contact me @theodoreking@hotmail.com
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While I can agree with the majority of the posts that were made by users. I feel that I disagree with a few of them. The first being that regarding Jonathon Lebed as a hero is ridiculous, especially from my standpoint. When I was 12 or in 7th grade I got a pile of cash to buy some stocks with. So I started trading in about September of '99 and in the first month or two, I got a return of about 60% of my money which was the equivalent of a few thousand bucks, ok. So then I wanted more money so I asked my grandparents for some money (at that point being an ignorant kid), now by december I was down about 50%(that was the worst Christmas, I can remember). Now the reason that all of this happened was because I thought I knew what I was doing, my parents encouraged me (I wasn't pumping and dumping stocks by the way) and thought I was doing well. But when everything started crashing, I couldn't understand why it was happening and the reason was that the expectations were to high and my knowledge and understanding was too low. Now the reason for all of this was because people thought wow this kid is successful and knows what he's doing, which is completely false. When kids (teenagers whatever, I was a kid and still am) believe that they know what they are doing and have actual knowledge (not ignorance), and in reality in fact do not, they have a tendency to fuck up on a large scale (like me). And from my view Lebed fucked up because all he did was destroy a bunch of companies and I watched him on 60 minutes and every fucking word was pure ignorance he is more of a gangster than an investor and has no business whatsoever on Wall St. His actions would be the equivalent of people calling a pickpocketer a good samaritan. My point from all of this is that Children (Minors anyone under the age of 18) have no right whatsoever being called experts in any field because the knowledge we children have gained based on mediums such as the internet will never be on par with that received through the similar degrees at a University or college. And I think when adults complement children and treat them like they are experts (the media coverage of Lebed) they tend to feel that they are invincible and actually have the knowledge to proceed which is completely untrue. I think the only way a kid is going to become an expert in anything is if they can get a degree. And making a kid feel like he knows what he's doing is a recipe for disaster. I have a job at a telco now but I am very interested in venture capital (investing on a much larger scale) Please contact me @theodoreking@hotmail.com