Another piece of financial literacy that should really be taught in every high school is the Kelly Criterion. Even a basic understanding of the concept can improve many people's risk/reward over time.
And while it's often mentioned in the context of high-risk bets, it's equally applicable to low-risk savings / investments (how much of savings to keep in cash vs the general stock market, given X% estimated inflation).
Surprisingly, I've come across a large number of people in (seed) investment circles, active investors and entrepreneurs who didn't know about it.
And while it's often mentioned in the context of high-risk bets, it's equally applicable to low-risk savings / investments (how much of savings to keep in cash vs the general stock market, given X% estimated inflation).
Surprisingly, I've come across a large number of people in (seed) investment circles, active investors and entrepreneurs who didn't know about it.
https://en.wikipedia.org/wiki/Kelly_criterion