The Delusions Of A Gambling Addicted Lottery Winner

[Nobert]

1. He was heavily addicted to gambling.
2. He was defrauding his investors.
3. He had an expensive lifestyle and a family to support.

Each one of those three is highly stressfull on its own.
The three combined is just stress levels off the charts and was clearly driving him nuts towards the end.

Gambling addiction may well be genetic, hard for some people to stop once they get hooked in. For the majority of people it is not a problem.

The line between shizophrenia and impression that he's under the stress is quite thin. I have a cousin who has such illness ;
many people never knew that he had, only recently found out when he stopped taking madication and i have told them.
It became severe at that point.

But in the end, nobody knows his diagnosis, and by the law it cannot be revealed (?)

So who knows the thruth.

 

[TheDawn]

1. He was heavily addicted to gambling.
2. He was defrauding his investors to fund his habit.
3. He had an expensive lifestyle and a family to support.

Each one of those three is highly stressful on its own.
The three combined is just stress levels off the charts and was clearly driving him nuts towards the end.

Gambling addiction may well be genetic, hard for some people to stop once they get hooked in by a few lucky wins. The most addictive of all is almost winning and also intermittent winning and losing.

And he was hiding everything from his wife. That's the most stressful thing of all... LOL

 

[Businessman]

The line between shizophrenia and impression that he's under the stress is quite thin.

He may of had schizophrenia or the episode in the hotel could have been PTSD.
Going from +$millions to -negative $30 million is enough to mentally break most people especially if family is also going to be destroyed and to top it all off prison time as well.

Madoff was lucky in a way, his Ponzi collapsed towards the end of his life. Although his children were not so lucky, they were still relatively young and were ruined in midlife.

 

[murray t turtle]

Everything about his cognitive ability was told at the episode,

,,The numbers x, y, z, haven't felt in a while so he knew that it's a matter of time"

And the game is random.

He also should known that there was a test run on a computer, where it generated some few trillion numbers bet with 0 & 1,
and somewhere along the line, number 1 managed to fall 87 times in a row.

And he had, 3 numbers out of 30 or smthng, while if you double a $, 32 times in a row you get a billion or so (?)

I think he was but a shizophrenic fool.

%%
Good points but its really worse than that;
Dr Stanley noted [Millionaire Mind] ,add up all the years they waste with that stuff that could have been productive.
I asked a lotto buyer in front of me @ MRO gas station once ''ever win anything??'' He said ''NO but i came close'' LOL

 

[Nobert]

''NO but i came close'' LOL

(Raises eyebrows & looks at the void)

Cough*

Yup, it usually goes like this. It's almost what i thought of myself at Chinese bottom while
,,I came close" with my 80% drawdown.

 

[murray t turtle]

(Raises eyebrows & looks at the void)

Cough*

Yup, it usually goes like this. It's almost what i thought of myself at Chinese bottom while
,,I came close" with my 80% drawdown.

%%
So much of stuff turns around @ 50% drawdown\ one fund named itself ''60% Drawdowns''
They [60% Drawdown Fund ]did well for while, cant really predict how they did long term
Some addictions are good, if we dont drink enough liquid,water ,we are dead ducks so to speak.

 

[Nobert]

one fund named itself ''60% Drawdowns''

Sounds like a fun place to work at. CEO must have been nuts in a good way.

Need to google bit.

P.s. maybe they had 60/40 allocation in the name ?

 

[murray t turtle]

Sounds like a fun place to work at. CEO must have been nuts in a good way.
Need to google bit.

P.s. maybe they had 60/40 allocation in the name ?

%%
LOL/ MOST likely they owned some banks, or % of banks more than bonds.
Dave Ramsey likes beans more than bonds LOL. He got his $ million as a young man+ lost it all[>100%] in bankruptcy, power + water cut off, when Rachel was a baby
Hard to tell about 40%really, a Bloomberg salesman did note those banks did a lot of bond trading.
I lost more than >80% my profits in ING [Amsterdam bank, symbol =orange orderly lion]
Good thing stocks + ETFs are not gambling; but when i did gamble, as young man in a pool hall\ i only risked like 00 .40 or oo.5o . Stock market commissions were to high for a kid.
Almost got back in ING/up Trend, but found a a better bank that moves like a golden CAT,. NOt a stock tip, not printing money.

 

[murray t turtle]

%%
DUMB real estate clients also, must not have any wise lawyers also
Lotto is a stupid tax on people that cant do math, like Dave ramsey warned.