I work at a F500 as a data scientist and started investing at 23 (28 now). What baffles me is how many of my smart and well-paid colleagues do not invest at all. Ive even heard some of them compare it to gambling!!
One guy on my team recently went on a rant about how 401ks are a scam(which I could see if he took a pension based argument, but he didn’t). I was genuinely stunned. He has a MA in Stats from Columbia so I know he’s not stupid, I’m at a loss as to how he could come to a conclusion like that.
I always assumed higher intelligence and higher income naturally translated to at least basic financial literacy, but apparently not
Is this a common experience for you? Have you met otherwise intelligent people that afraid of investing or consider certain common aspects of it to be scams?
