7 rich athletes who lost their fortunes.

Wow, some of you guys are crazy racist! Anyways, not sure where your education came from but 3 out of the 7 on the list are white. That is 3 white, 4 black. Not a very big difference there.

On a sidenote, funny how a group of "traders" are laughing at the stupidity of the common athlete when many of you gamble away your life's savings in the market. 80% of NFL players may lose their money and 60% of NBA but 98% of traders do. At least they were good at something....
 
Quote from bigb:

Wow, some of you guys are crazy racist! Anyways, not sure where your education came from but 3 out of the 7 on the list are white. That is 3 white, 4 black. Not a very big difference there.

On a sidenote, funny how a group of "traders" are laughing at the stupidity of the common athlete when many of you gamble away your life's savings in the market. 80% of NFL players may lose their money and 60% of NBA but 98% of traders do. At least they were good at something....
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I dont know any of these guys, Im simply just sterotyping here. As far as the failure rate goes, there is a difference in why 95% of traders lose their money and 60- to 80% of Athletes do, is because Athletes were trained and taught how to be successfull, were as the common trader must learn on his/her own.
 
konviction,

You are the biggest MORON on this site. I love how idiots like yourself speak about blacks as if your experience around 100 African-Americans at most represents how millions of them are.

I guess anyone could go to West Virginia, Alabama, etc and say all white people are like that. Thanks for showing everyone what a racist stereotyping idiot you are. As others pointed out, 3 out of the 7 on the list were white, but I guess your prejudice was waiting to bubble up.

Just to set the record straight, all those athletes losing money says a couple of things about their lack of financial knowledge/planning and other skills, but that has nothing to do with race.

When will idiots learn that: having some molecules in your body that absorb light DOES NOT affect your state of mind, how you think or who you are. Lack of education, lack of nutrition, socio-economic factors all do !
 
Quote from konviction:



A

I don't mean to sound racist, but african americans are terrible with money. They'll but 24's on their car before they make a rent payment, and thats real talk folks.

Kon
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Man you called it.
You described one of them to a "T".


Too bad he is white.


Guess 'real talk' ain't the real talk when 'real talk' shows up on ET.

Former professional baseball slugger Jack Clark was driven into bankruptcy in 1992 by his appetite for luxury cars. According to his bankruptcy filing, he owned 18 luxury automobiles, including a $700,000 Ferrari and a Rolls Royce. Clark was trying to pay 17 car notes simultaneously, and whenever he got bored with a car he would get rid of it and just buy another one. He ended up losing million-dollar homes and his drag-racing business because of his extravagant spending habits, but despite one of the most publicized bankruptcies in baseball, Clark reportedly got back on his feet in the late ’90s.
 
Bulls#*t.

Quote from zanek:


When will idiots learn that: having some molecules in your body that absorb light DOES NOT affect your state of mind, how you think or who you are. Lack of education, lack of nutrition, socio-economic factors all do !
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It has a lot to do with race and ethnic backgroud.

Capitalization rates amongst asian americans are around 78%, whites 52%, blacks less than 20%.

Your success and your ability to succeed financially and professionally are still, even if it's sad but true, STRONGLY correlated with your ethnic background.

I don't want to explain what capitalization rate is, if you find that statistic interesting, research it further.
 
The most stupid on the list isn't black for sure. John Daly, 1.6 m$ on SLOT MACHINES in 5 hours, not poker, not blackjack, not craps... Slot machines. I thought you needed a brain in golf.
 
Quote from zanek:



You are the biggest MORON on this site. I love how idiots like yourself speak about blacks as if your experience around 100 African-Americans at most represents how millions of them are.
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100's?..try thousands. I'm not saying all African Americans (being politically correct) are like that, but a heck of a lot are. But when you see an old Chevy Caprice drive by, and the rims on the car cost MORE than the car itself, take a look at who's driving next time. I'M NOT saying its wrong I'm pointing out a Cultural/ Racial difference here. Sorry that reality offends you.

I guess anyone could go to West Virginia, Alabama, etc and say all white people are like that.
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Well I live in AL, so ya, a lot of white people are like that. CRAP.......I'M WHITE!... I'm racist against myself?!..ohhhhh nooo.

Thanks for showing everyone what a racist stereotyping idiot you are. As others pointed out, 3 out of the 7 on the list were white, but I guess your prejudice was waiting to bubble up.
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lol, ya THREE out of 7, so doesn't that kinda prove my point?

So if I point out someone's flaws and attach color to it, that makes me prejudice? . Ok, so lets just take off the fact I mentioned color, and I accused all races evenly, now what does that make me?..wait dont say it. I don't really care.

Just to set the record straight, all those athletes losing money says a couple of things about their lack of financial knowledge/planning and other skills, but that has nothing to do with race.
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really?. Ok, lets look at facts:

*. "
Racial Groups Show Different Levels of Financial Knowledge
The survey revealed a significant gap in financial literacy among racial groups. Students who identify themselves as “White or Caucasian” answered 53 percent of the survey questions correctly, on average, compared to 41.3 percent of students who identify themselves as “Black or African American.” -- http://personalbudgeting.suite101.com/article.cfm/high_school_seniors_lack_knowledge_of_finance

* "Third Study Shows African American Students Consume More, Save Less " -- http://www.marketwire.com/press-rel...an-Students-Consume-More-Save-Less-922785.htm

again, your inability to accept things the way they are. I guess I'm the moron, eh?
 
Quote from pairsarbtooo:

It has a lot to do with race and ethnic backgroud.

Capitalization rates amongst asian americans are around 78%, whites 52%, blacks less than 20%.

Your success and your ability to succeed financially and professionally are still, even if it's sad but true, STRONGLY correlated with your ethnic background.

I don't want to explain what capitalization rate is, if you find that statistic interesting, research it further.
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+1. Thankyou!...I guess you and I can be "Morons" together :p
 
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