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It's bad advice, he believes, "because if you want your child to have a financially secure future, they can't play by the old set of rules. It's just too risky."
I asked him what he meant by "old rules?" .
"People like me play by a different set of rules from what you play by," he said. "What happens when a corporation announces a downsizing?"
"People get laid off,cheap newports (http://www.cheapnewportcigarettes.com)," I said. "Families are hurt. Unemployment goes
up."
"Yes, but what happens to the company, in particular a public company on the stock exchange?"