Academic

Saturday Quality Posting While the Game is On

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

I won't write an essay on this, but I've often wondered how you could blow a million bucks.  You know, that's 3,300 $300 dollar dinners.  It's 12 luxury sedans.  If it's invested in speculative real estate that's worth a tenth of what you bought it for you still have .... you get the picture.  So that's why I found this old essay on how pro athletes spend all their money interesting, especially the bit about the 60-80% of the pros that find themselves broke a couple years after retirement.  Makes you think that perhaps the players' unions ought to be pushing for really high dues/high pensions contracts.

Full post as published by Conglomerate on September 19, 2009 (boomark / email).