“What distinguishes the way a caring family or state institution treats a child from the way an investor would, if they’re both primarily concerned with the child’s future success? An investor may want an asset to achieve its full potential, but the investor doesn’t particularly care whether that kid is happy while they do it. A caring parent, on the other hand, balances an interest in a child’s future achievement with the child’s present wellbeing.” SchoolParentingPotentialRaising Children Book:Kids These Days: Human Capital and the Making of Millennials Source: Kids These Days: Human Capital and the Making of Millennials
“If you dangle in front of parents the kind of 1 percent life outcome that goes with being a star, some of them will grab for it, even if objectively it’s not a very good plan for their child’s long-term wellbeing. Once a parent hears that their kid might have potential - as a painter, a dancer, a tennis player, a musician, whatever - all the stories of struggling artists and washed up athletes fade to the background.” ParentingRaising KidsOne Percent Book:Kids These Days: Human Capital and the Making of Millennials Source: Kids These Days: Human Capital and the Making of Millennials