Peter Mallouk: Financial literacy is essential for life

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Mikhail Vnuchkov

8 hours ago

Peter Mallouk: Financial literacy is essential for life — Financial literacy is a vital life skill

Peter Mallouk questions why financial literacy is not a core requirement in education. Emphasizing that math, science, and history are mandatory, Mallouk asserts that understanding money is a vital life skill.

He suggests that basic financial knowledge should be considered fundamental for everyone.

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Mallouk has commented on historical market trends in previous posts. He noted that the S&P 500 averaged 12 percent returns annually since 1980 despite significant drawdowns. He also highlighted that Facebook shares fell 54 percent after their 2012 IPO, ending the first year down as the broader market rose.

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