Depression babies must not run away from investing in stocks because it is their safest long-term bet, says Patrick OShaughnessy, the author of Millennial Money
Patrick OShaughnessy was 22 when he started a career in money management, just months before the financial crisis of 2008. My timing could not have been worse, he says.. After a particularly bad meeting with a client, who referred to him as a limp dick little asshole for a badly performing portfolio, OShaugnessy left the room questioning his career choice.
Six years later, the markets are a different place. Stocks are booming and OShaughnessys fortunes have risen with them. OShaughnessy is now a principal at his fathers firm, OShaughnessy Asset Management and has written his first book: Millennial Money: How Young Investors Can Build A Fortune. He makes a compelling case for why millennials should get over their fears and embrace the stock market and do it quickly.
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