Tuesday, 7 Dec 2010
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ASX Education: The Stockmarket for Kids

The kids used to make me tell them stories every night. Usual things. Why don’t boys care about love. Did you have any girlfriends before you met Mum and where do babies come from. They know but they just love seeing if they can embarrass their Dad.

One night I got “Dad, what’s a stock exchange and what’s a share”.

Now I know you know what it is but you might like the answer.

Let me take you back to the sixteenth century and the rule of Queen Elizabeth. It was the era of the Elizabethan seaman and in particular Sir Francis Drake and his young nephew Sir Walter Raleigh.

Drake made a fortune shipping slaves. Raleigh tried to populate and settle the New World.

The New World (America) with its slaves, bananas and

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