Walkin' On Wall Street is a song in Schoolhouse Rock!, which can be seen in Money Rock. The song teaches us about the stock exchange.
This song teaches about Wall Street and stock, as sung by a pigeon who also happens to be a savvy investor in the stock market.
It also implies inflation vs. deflation, as first prices are shown deflating from when Lester pays a quarter to the newsboy to when he pays a dime, and later, they inflate when Lester pays him a dollar.
: Extra! Extra! Latest Wall Street prices!
Lester: Here's a quarter. Keep the change!
You gotta be cool When you're walkin' on Wall Street Like goin' to school You learn a lot every day And this is the rule When you're walkin' on Wall Street Buy low, sell high Take a piece of the pie That's the Wall Street way
Lester: When you use your money to make more money, that's called an investment. When you invest in a corporation, that means you own your own share of it.
The companies that manufacture things we use Like telescopes and videos and high-top shoes Are looking for investors such as me and you So we can own shares in the company too
Lester: That's called "stock." Smart investors look to buy stock in a company that's going up in value.
Here's a stock that's looking mighty good, I think Whiz Bang Cola -- that's my favorite drink Looks as if their sales are going up sky-high Better call my broker and tell him to buy
Lester: Hello, Leroy? This is Lester the Investor. Whiz Bang Cola's going up. Buy some stock for me!
Leroy: OK, Lester! Confirming your order: buy Whiz Bang Cola at eight and a quarter.
Lester: All right!
You gotta be smart When you're walkin' on Wall Street So just for a start I check the paper each day First, I read the comics Then I check the sports And then I take a look at the market reports To see if my stock is riding low or high So I know when to sell, and I know when to buy
Lester: Oh, oh! Here's a dime. Keep the change. Stock prices go up and down so smart investors like me buy a little at a time every month. That way, we can watch the ups and downs average out in the long run. Leroy calls that "dollar cost averaging."
I don't wanna get hurt When I'm walkin' on Wall Street I could lose my shirt Not to mention my cash So I stay alert When I'm walkin' on Wall Street Buy low, sell high Take my piece of the pie
Newsboy: Read all about it! Latest Wall Street flash: Whiz Bang Cola is on the rise!
Well, I came out ahead And I'm swingin' on Wall Street And just like I said I'm learning more every day So remember the rule When you're walkin' on Wall Street Buy low, sell high Take your piece of the pie
Lester: Here's a dollar. Keep the change.
That's the Wall Street way