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Originally Posted by Azure
Another great point. I find myself agreeing with almost every single post you make. 
I think part of the solution in helping people understand how the market works, how economics work, and how the finance system works is in better education for our younger generations. I learned next to nothing about finance in high school, and if there would have been courses available, I would have taken them. |
Finance is a funny thing, for whatever reason, some people don't understand it or want to understand it. I took CALM in grade 12 and they teach you a little bit, but even the teachers don't know very much themselves. I think simple financial statements like what a balance sheet and income statement is takes a day at most to learn.
Of coarse, all of that is all for not, as I know people who have accounting degrees or are otherwise very intelligent misuse the stock market as a casino any how, so I digress.
And I agree, Canada has a good balance as far as regulation goes (when it comes to banking). I still think some investing strategies are wrong and cause big problems, but thats a different soap box for a different thread.