Be Resilient, Avoid Debt and Gambling to Succeed in Life: Tom Russo

Veteran investor Tom Russo says children need to build resilience, debt can be devastating, and older people have some advantages when it comes to beating the market.
Russo is the managing member of Gardner Russo & Quinn, an investment firm with a $9.3 billion US stock portfolio as of September 30, per its latest 13F filing.
The father of two told Business Insider that teaching resilience to kids starts with letting them fall on the playground, so they can learn to get back up and keep going.
They have to experience pain and discomfort as