Reply to thread

Message: [QUOTE="Improviser, post: 4409941, member: 10683"] He doesn't have to be like any of them. It's all about choices. I browsed the link and not to oversimplify, but many of their wounds were self-inflicted by a higher than high lifestyle, multiple kids from multiple women with high child support because of their BB earnings, speculative real estate, and apparently , by not keeping a fair percentage of their earnings in a safer and conservative bucket like T bills or liquid money market accounts, or CD's, or high dividend utility stocks or decent paying bonds. When you make millions as they did or do, you can keep some in reserve if you can discipline yourself to do it. Ivy League endowments do have a percentage of high risk investments tempered by a vast majority of decent earning and less risky investments . I guess they make good returns in private equity, which maybe a BB would not be able to. Hope current and future NBA players can learn from the past mistakes of others. [/QUOTE]