This is everything I admired about America as a teenager growing up in France.
Michael Dell starts a company at 19 in his dorm room with $1,000, becomes a billionaire, then he and Susan commit $6.25 billion to give 25 million American children their first investment.
I remember my high school teachers blaming large corporations and their dividends. It was just accepted in the classroom: corporations were evil, dividends were evil.
And I remember thinking: wait. There’s a system where I can buy a piece of these companies, and they’ll give me money on a recurring basis?
Everyone was explaining why this was terrible, and all I could think was: I need a piece of that. If I want to escape poverty, I need to own some of these businesses.
It took me years to understand investing properly. I hope these kids get that realization much sooner.
Munger said: “Show me the incentive and I’ll show you the outcome.”
You can explain the benefits of capitalism forever. But owning a piece of a business gives you a personal reason to understand profits, dividends, reinvestment and compounding.
Suddenly, America’s most successful companies are partly yours. Their success means something to you.
And maybe a kid who starts by asking “What do I own?” will eventually ask “What could I build?”
That’s what makes this so inspiring to me. A man who built his fortune giving millions of children a first experience of ownership, and perhaps the ambition to build something themselves.
This is the America I dreamed of.
LFG America 🇺🇸
$6.25 billion. 25 million children. $250 each.
Susan and I believe the smartest investment we can make is in children. That’s why we’re so excited to contribute $6.25 billion from our charitable funds to help 25 million children start building a strong financial foundation through Invest America. 💪📈🇺🇸