What advice do you give to young people who feel disillusioned by the economy and believe they cannot build wealth today?
Co-founder & CEO at Lossdog
Do not listen to the pessimists who tell you the game is rigged and unplayable. Young people today have access to better technology, more liquid markets, and greater entrepreneurial capital than any generation in human history. To build wealth, you must cultivate an appetite for calculated risk, develop original ideas, and learn the mechanics of active trading. Avoid risking too much capital on any single position, trade small and frequently, and focus on mastering probabilities.
This answer is part of a full interview with Tom Sosnoff, Co-founder & CEO at Lossdog.
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