Here’s a nice Father’s Day story: Mary Callahan Erdoes, CEO, JP Morgan Asset Management, just made the list of “New Money Masters” at Forbes. She attributes her success to advice her dad gave her a long time ago:
Seize every opportunity to teach your children value investing. Erdoes first learned about it from her father, a Chicago investment banker, who would take her to the supermarket and point out the difference in price-per-unit between branded and generic goods. “That was value buying and value investing,” she says. “It has stuck with me.”
Photo by Financial Times via Flickr.