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reet Journal; and a few books on the stock market。〃
〃Then what?〃 I asked。 〃What was the catch?〃
〃I told him the 3;000 was his; but he could not directly buy a car with it。 He could use it to buy and sell stocks; find his own stockbroker; and once he had made 6;000 with the 3;000; the money would be his for the car; and the 3;000 would go into his college fund。〃
〃And what are the results?〃 I asked。
〃Well; he got lucky early in his trading; but lost all he gained a few days later。 Then; he really got interested。 Today; I would say he is down 2;000; but his interest is up。 He has read all the books I bought him and he's gone to the library to get more。 He reads the Wall Street Journal voraciously; watching for indicators; and he watches CNBC instead of MTV。 He's got only 1;000 left; but his interest and learning are sky high。 He knows that if he loses that money; he walks for two more years。 But he does not seem to care。 He even seems uninterested in getting a car because he's found a game that is more fun。〃
〃What happens if he loses all the money?〃 I asked。
〃We'll cross that bridge when we get to it。 I'd rather have him lose everything now rather than wait till he's our age to risk losing everything。 And besides; that is the best 3;000 I've ever spent on his education。 What he is learning will serve him for life; and he seems to have gained a new respect for the power of money。 I think he's stopped the burning of holes in his pockets。〃
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