Don’t put your daughter on the trading floor, Mrs Worthington
Who on earth thought that this was a good idea?
Wilbraham & Monson Academy, a boarding school in Massachusetts, will officially unveil a classroom that simulates a stock-market trading floor. ‚ÄúStudents can use state-of-the-art financial-markets software to learn to research, analyze, and decipher patterns in the context of a financial trading environment,‚ÄĚ the school said.
The key word here is “patterns”. But it doesn’t take a student of Nassim Taleb’s Fooled by Randomness to know that “researching patterns” is a mug’s game. What’s more, there’s a world of difference between financial literacy, which is a good thing, and teaching kids how to trade stocks, which is a stunningly bad idea doomed to result in vast amounts of wealth evaporating needlessly. As for the “state-of-the-art financial-markets software”, does anybody think that’s a good thing any more?