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How the Stock Market Swallowed New York


And that's a good thing, right? More information, more knowledge? "No, it's not a good thing for kids to be hearing all this," Hoffman says. "They hear the stock market crashed, they see KISS YOUR ASSETS GOOD-BYE on the front page of the Post, and they think the world is ending."

He pauses, mulling the values the boom has inculcated. Then he laughs. "Of course," Steve Hoffman says, "my 9-year-old does own Disney stock. His godfather gave it to him when he was born -- one share. Now there's been all these splits, he owns twelve shares, and it's been worth as much as $500. My 9-year-old is a player!"

And the kid is holding his Disney. For now.


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