09/01/2026
I was glad to return to Ward Melville High School to celebrate the opening of their new Bloomberg Finance Lab.
What makes this program so valuable is that it doesn't just teach students how to follow markets or make trades. It gives them the tools to understand how markets actually work, how businesses are valued, how economic forces affect prices, and how to make decisions based on evidence rather than speculation.
One of the most important lessons here is that investing isn't gambling. Good investing requires patience, research, discipline, and critical thinking. It also requires understanding risk. We often hear "higher risk, higher reward," but that's an oversimplification. Higher risk really means a wider range of possible outcomes, including greater potential losses. Learning to evaluate and manage that risk is a skill that extends far beyond finance.
Financial literacy is ultimately about more than earning income. It's about understanding how to build ownership and equity over time. Owning productive assets can be an important way to build long-term financial security and wealth.
The success of this lab won't be measured by whether students can predict tomorrow's market. It will be measured by whether they leave better able to understand value, manage risk, evaluate evidence, and make thoughtful decisions. This kind of program helps the district fulfill its mission of helping each student become a “well-rounded individual who is an involved, responsible citizen.”
I applaud Ward Melville, the staff, sponsors, and students who made this possible.