Gunnails
In the Starting Line-Up
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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.Isn't the Light Foundation a charitable organization? What's it doing loaning money to a real estate investment firm?
Even the whizziest financial whizzes lose money on some deals.
Recently, I saw a television segment about how the NFL is helping players and former players learn the ins and outs of business. One former lineman was attempting to start a business that would assist high school football players in distributing videos of their play to prospective colleges. He had yet to break even. The strong majority of start-ups fail. I don't see most NFL players as having the smarts to do well in this area. If you're a really popular player, like John Elway, you can put up the money for a car dealership in Denver, name it John Elway Motors, and then hire someone who know cars to run it for you. Otherwise, it's better to put your money into reputable mutual stock funds.
Even the whizziest financial whizzes lose money on some deals.
Light joins the long list of professional athletes who have demonstrated that they are not financial whizs. Fortunately for him, as other posters have pointed out, the money (for him) is small potatoes. I think someone should start a fund that looks at where professional athletes put their money and then shorts those stocks. Call it the Contrarian Jock Fund.
Exactly, I've lost far more than that amount just this year.