SUMMER SCHOOL 1: The Stock Market & Penelope The Cow

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 28 July 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The first class of Planet Money Summer School starts off with a field trip. With the help of a cow, two economists, and three cute animals, we learn what a stock is and how stocks are priced, and we begin to see the psychological forces that make prices move up and down on the stock market. Keep an eye out throughout for our big theme for the course this summer: risk and reward. | Watch this Tik Tok to learn more and subscribe to our weekly newsletter here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:07.0	Hello and welcome to season 2 of Planet Money Summer School.
0:18.0	A course about big economic ideas without the big textbook.
0:22.0	In fact, no textbook.
0:24.0	This season of summer school is all about investing.
0:27.0	Every Wednesday, between now and Labor Day, we are going to bring you a new class about the markets that people invest in.
0:34.0	Like the stock market, the bond market, cryptocurrencies and more.
0:38.0	And we're going to explain the basic ideas that you need to know about them.
0:42.0	Like how these markets affect the economy, the risks of investing in these markets, and whether it's appropriate to invest in some of these markets at all.
0:51.0	So that you can make wise decisions in your own life about your own investments.
0:55.0	My name is Cardiff Garcia. I'll be your summer school host.
0:58.0	And before you get too excited, by the way, this is absolutely not a series that will show you how to get rich.
1:05.0	We have planet money or the wrong people for that.
1:07.0	Because we've done a lot of investing experiments to the years. And well...
1:13.0	So we lost $9.
1:15.0	Not terrible.
1:16.0	Not terrible.
1:17.0	But the price of gold went up and we lost $9.
1:20.0	Oh my god, the value of our Ethereum is plummeted.
1:23.0	We won.
1:25.0	So that means of your $100.
1:27.0	You get $99.
	...

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