Conversation With Mellody Hobson – Los Angeles Times [Video]

Moderator: Anna MagzanyanPresident | LA Times Studios

Speaker: Mellody HobsonCo-CEO | Ariel Investments

As co-CEO of Ariel Investments, Mellody Hobson chairs Ariel’s publicly traded mutual funds and co-founded Ariel Alternatives, a private equity enterprise. She was board chair of Starbucks Corporation and is currently the lead independent director. Hobson is director of JPMorgan Chase, former board chair of DreamWorks Animation and past board member of the Estée Lauder Companies. Her children’s book, Priceless Facts About Money, demystifies money for young readers. Hobson earned her AB from Princeton University.

ON FINANCIAL EDUCATION, REGARDLESS OF TIMING

Hobson: I am of the belief that you can be any age and start to talk to kids about money, so there’s no age that’s too young, but how do you do that? You could take a five-year-old and say to them: do you want this cupcake or do you want a toy? That’s barter, and you’re …