Inter-generational friction is nothing new. Before even the first post-war baby boomers hit their teens, the cohort born a decade earlier were idolising James Dean’s character, Jim Stark, in Rebel Without a Cause (1956). By the time boomers were coming of age in the 1960s, youth culture had flowered into a social revolution powered by sex, drugs and rock 'n' roll.
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Behavioural Finance
Underestimating compounding
We all underestimate the power of compound growth – which leads investors astray in many ways.
Chris Dillow