Quote:
Originally posted by Sleeper
Isn't the free market a wonderful thing? I heard a financial guy talking one time about the high percentage of lottery winners that end up bankrupt. His theory, with which I concur, was that if you have never had experience managing small amounts of money effectively, than there is no way you can be expected to manage large amounts effectively, either. James, while a good basketball player, is not a trained financial manager. I was pretty talented academically, and I couldn't manage $20 at that age, much less $20 million. James' success will depend on the people he trusts to manage his money and only time will tell how well he chose. I hope that he has someone who is looking out for his interest versus their own.
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Wellllll....you don't have to be a kid to squander money and trust the wrong people. Anybody who was over-invested in the stock market in 2000/2001 knows this.
