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25 Rich Athletes Who Went Broke

An interesting article on how millions get lost.  Some are spendthrifts, but most lost their money in business investments.  Everyone wants to be a businessperson.  Most businesses fail.  Take the money, put it in tax-free muni bonds, and chill out.  But, no.  Everyone is going to beat the odds.  Everyone needs to be "in business."  How many people go into "business," simply so they can say they are "in business"?  Signaling is the most expensive business of all.

Full post as published by Crime & Federalism on May 19, 2009 (boomark / email).