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Post by hchoops on Jul 6, 2016 19:31:57 GMT -5
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Post by KY Crusader 75 on Jul 7, 2016 9:08:56 GMT -5
This will be widely celebrated here in the Commonwealth
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Post by sader1970 on Jul 7, 2016 10:55:42 GMT -5
Sounds like he may have been tutored in financing by "The Donald." Sorry, I couldn't help myself. (OK, Dean, feel free to delete this if you think it crossed the line)
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Post by timholycross on Jul 7, 2016 11:33:29 GMT -5
There's got to be some formula out there that says "risk this much $ given your net worth so you still are in a comfortable position if it fails". Whatever it is, people like Laettner and Curt Schilling crossed the line and got burned big time for it.
Have no idea (and intentionally did not look it up) whether Laettner shares Schilling's political views.
In any case, I don't expect to see Christian on any street corner selling pencils
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Post by sader1970 on Jul 7, 2016 11:45:22 GMT -5
Yes, being situated in RI, Schilling came immediately to mind.
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Post by KY Crusader 75 on Jul 7, 2016 13:56:07 GMT -5
It's amazing that some people can amass more money than any reasonable person could spend in a lifetime but then put that at risk with moronic investments or spend foolishly. I always think of Jack Clark who went bankrupt ( or at least ran into big $$$ problems) and revealed that he owner 35 cars.......
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Post by Tom on Jul 7, 2016 14:07:18 GMT -5
It's amazing that some people can amass more money than any reasonable person could spend in a lifetime but then put that at risk with moronic investments or spend foolishly. I always think of Jack Clark who went bankrupt ( or at least ran into big $$$ problems) and revealed that he owner 35 cars....... These guys get used to the massive income but forget that it only lasts a few short years and can't figure out how to scale back. Clark's story is not uncommon. I think that's the primary reason Ricky Henderson hung around forever Supposedly, Red Auerbach used to make the old Celtics sit through financial planning classes because they needed to be responsible for their own money and not blindly trust someone else. If nothing else, you never heard of an old Celtic being in Jack Clark's position
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