Ralph Baker is no stranger to the stock market. His father introduced him to the Wall Street Journal in fifth grade, and since then Baker has worked his way to a lucrative more than 15-year career in corporate finance. In 2006, he founded the New York Shock Exchange, an inner-city youth basketball team and financial literacy program. Baker’s players, including his 11-year-old son, practice basketball drills, followed by quizzes on stock choices, reports and growth.
“I explained to them investing was really a life skill,” Baker said.
“I figured that using basketball as a ‘car-rot’ would be a cool way for kids to learn about the stock market and the economy.”
Baker shares his knowledge and delves into the 2008 economic recession with his new book, “Shock Exchange: How Inner-City Kids from Brooklyn Predicted the Great
Recession and the Pain Ahead.”
According to Baker, “The next recession will be more painful than the last,” so his book is the perfect way to prepare for another economic collapse. In the book,
Baker discusses the importance of financial literacy, how to make it interesting for kids and teens, as well as the key factors which led to the most recent downturn of the economy. The book sheds light on how others predicted the recession and why many should have taken heed.
“Shock Exchange” presents an important opportunity for readers, especially those from urban and inner-city backgrounds, to understand the economy in simpler terms.
The book is also great for college students, as Baker focuses on how to advise teens transitioning to college, since many of the Shock Exchange members recently began their freshmen year.
“Shock Exchange” has garnered positive reviews; the book boasts a five-star rating on Amazon.
“The author was whimsical and did a great job at captivating my attention and keeping me on the edge of my seat to find out what would happen next. I particularly liked the ‘terms of endearment’ he used when refer-encing family members.”
This is a great read and I would recommend it for business, economic majors and anyone interested in economics,” said reader Yvonne Mitchell on Amazon.com.
“Shock Exchange” is available electronically at several out-lets including Barnes & Noble, Amazon Kindle and iTunes. Paperback copies are also available. Get yours today!