The Tycoons of Tomorrow GOING TO CAMP WITH THE LITTLEST CAPITALISTS
By Writer: Michele Willens

(MONEY Magazine) – Usually in this department, Money examines the accomplishments of entrepreneurs who are making money. This month, however, we focus on a group of future moneymakers: young people who will probably be holding hefty portfolios someday. That is, as soon as they can lift them. Our report: This summer camp was unusual, to say the least. For starters, the site was the swanky Breakers resort in posh Palm Beach. The 27 campers themselves seemed normal enough. They were 10- to 15-year-olds eager to learn new skills. But instead of hiking or weaving or tennis, what they came to learn was how to read the Wall Street Journal, invest in stocks and put together mythical mutual funds. Said Emily Bass of Riverview, Fla.: ''I need to get a feel of the real world, so when I start my own business, I won't go bankrupt.'' Twelve years old and already she's worrying about Chapter XI. The five-day Money Management camp was sponsored jointly by the Breakers, which saw it as a chance to rent extra rooms, and the promotion-minded financial services conglomerate Shearson Lehman Bros. Says Paul Vattiat, a financial consultant to the firm and an instructor at the camp: ''We want to educate our investors, and this is a way to do it for our future investors.'' The cost for the one-week camp was $250, a tab that some of these Yup-puppies insisted on paying with their own earnings. (Parents, however, had to register as guests at the hotel. Price for a double room: $80 a night.) Heather Kramm, 11, of Palm Beach Gardens, who says, ''I like to learn to make < money, and more money,'' paid her way by babysitting. Her father, Robert Kramm, a hotel executive, encouraged Heather and her brother Chip, 10, to attend ''because they should be budget- and money-conscious.'' The campers spent their mornings in classroom sessions. In one typical exercise, the group was given a hypothetical $1 million to invest in stocks. Among their picks were a $50,000 stake in Reebok, the trendy athletic shoemaker, and an equal amount in Viacom, parent company of the cable music channel MTV. On the last day of camp, the kids were able to invest for real. Driven by limo to the local Shearson Lehman Bros. office, each invested $100 of their registration fee. After paying commissions of $6 to $9, these future moneymakers are now stockholders in companies such as Disney, Exxon, GE and Reebok. Chip Kramm selected Upjohn ''because it thinks it has a cure for baldness.'' The counselors were impressed by the campers' choices. Observed Vattiat: ''They nailed home the points we were trying to make in the classroom all week.'' He added boastfully, ''I think we may have created some financial monsters.'' Which is precisely what concerns New York child psychologist Dr. Lawrence Balter. Said he: ''I think it's fine for children to be educated early about the use of money, but you have to build in values too.'' On that score, however, Veronica Goldberg, mother of camper Jody, 15, had no gripes: ''The camp was careful not to make the kids think they are better people for investing in stocks or having lots of money.''