From the mouths of Babes...

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fishndoc
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Joined: Wed Apr 11, 2007 11:50 am

From the mouths of Babes...

Post by fishndoc »

FARGO, N.D. (AP) - A class of sixth-graders from North Dakota has schooled some of the best college business students in the country on the stock market.

It started as a competition between the regular and advanced math classes at Fargo's Oak Grove Lutheran School, where Dave Carlson was teaching his students about handling money through two online investment companies. Unbeknownst to the middle school investors, one of the companies was at that time holding a university challenge that offered a $5,000 first prize to the investment club with the most profitable basket of stocks...

Carlson's regular math class yielded a nearly 22 percent gain and trounced all the university clubs on a return-since-creation basis.
Move over Berkeley, Cornell, Columbia, NYU and USC. You've been beaten by Carlson's Math Minions....

Walia (investing founder) said he was "blown away" with the level of thinking by the Oak Grove investors. Not all of the students were taking credit, however. Ben Swenson...(high school student competitor)... had another explanation for the high returns.

"I think it was sheer luck," he said.
At least this kid gets it!

http://money.msn.com/business-news/arti ... d=17502947
" Successful investing involves doing just a few things right, and avoiding serious mistakes." - J. Bogle
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