In 2006 I started a youth mentorship program called the New York Shock Exchange (Shock Exchange) as a vehicle to share my passion for investing and basketball with my 11-year-old son and other boys his age. I figured that using basketball as a “carrot” would be a cool way for kids to learn about the stock market and the economy. And just as I had suspected, with their ability to spot trends before adults, inner-city kids from Brooklyn knew more about investing than I, Peter Lynch, Bill Miller, and any hedge fund manager or Wall Street analyst on the planet.
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