12 Comments

There's so much to say on the topic of what schools should teach but don't.

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100% true.

For my job (managing an equity fund) I learned way more from reading books and shareholder letters than what I've learned at University.

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Likewise.

The skills honed obtaining three degrees are rarely if ever used. We are not pushing our kids towards universities. There are so many ways to get better and more applicable skills and knowledge without crushing debt.

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Absolutely! You should keep learning all the time. Read as much as you possibly can.

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Jul 5, 2023Liked by Compounding Quality

Hi CQ, gosh and another awesome Finance Cheat Sheet, these are outstanding.

ta CG, Kev

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Good to hear from you again, Kevin! I hope you are well.

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Jun 29, 2023Liked by Compounding Quality

CQ, thank you for your latest great piece!

Number two was a big one for me. As a Journeyman, I get to work with many young people- apprentices and administrative staff. Also, I have two teens who are trying to find their path in this world. It is beyond saddening to see observe that many young people these days lack the basic skills required to run a household budget, to do minor repairs to their houses or cars, to cook a few nutritious meals, to build a shelter in case of an emergency, etc. Instead, our kids get fed a bunch of useless crap and and a plethora of distorted and harmful ideas about society, relationships and family values.

More than ever, being a parent requires being a coach and a mentor to our children.

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Jun 29, 2023·edited Jun 29, 2023Author

And I am sure that you are a great coach and mentor for your children! Behind every successful child, there is a parent who believes in him/her.

As you might assume, I don't have children yet but I think supporting them and letting them read as much as they possible can (if they like it) about different subjects is the greatest gift you can give them. Many friends are paying their children $5 for every book they read.

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Jun 29, 2023Liked by Compounding Quality

Yesterday, I handed my son a printout of some of your articles, and told him to read and re-read them until he completely understands them. We can also discuss them together.

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author

Wow. That's really cool, Pavel! Let me know when I can help. :)

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Jun 29, 2023Liked by Compounding Quality

This is a great idea. However, I would quiz them about what they have learned from the book before opening my wallet. Like the saying goes: you can lead a horse to water, but you can't make him drink. Therefore, when I recommend a book to my children, I explain what can be learned from it.

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And that's the way you should do it for sure!

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