Wednesday, October 17, 2007
The way they teach in kindergarten is by repetition. Jordan learned the alphabet, days of the week, the months, everything, by repeating them.
As I edit and write about the stock market, I've had to share what I know about it with him, because the graphics and pictures grab his interest. The charts in particular intrigued him, so I told him they tracked the price of stocks through the day. Then he wanted to know what the dashed red line across the chart meant. I told him it was to show where the market opened so you could trace if stocks were up or down.
Wrong. So why, he wanted to know, did the chart start higher than the red line, as in the graphic above?
First I had to correct my answer to say the red line showed where stocks closed the previous session, then we got into how the markets around the globe open and close at different times relevant to where we are. That led to talking about the rotation of the earth, the earth's path around the sun, and finally we got back to the graphs.
We'll go over it some more, throwing in some continent, country, and capital names, and slowly but surely, he'll learn how money goes around the world and winds up back where it started. That information took me over 40 years to even begin to figure out. Jordan will be six in December.