2min chapter

The Compound and Friends cover image

Bad News is Good News

The Compound and Friends

CHAPTER

Why Are You Doing This Trade?

I don't think capitalism is in trouble, but I do think there's more disillusionment now amongst young people than there was in my generation. People always feel the older generation is f***ing them over. Our whole generation, literally all of us in the 1970s did nothing. You know what I bought? Nothing. And that was a massive mistake. We are under invested and we and I, and I described this in the book, had to take a lot more risk in 1990 than I otherwise would have. The median retirement balance for boomers is dreadful. Thank God you're around to talk to your generation about investing early even if it's a little cynical or they're doing weird

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