Monday, March 23, 2009

"How (and Why) Athletes Go Broke".

(Interesting article from Sports Illustrated that examines the psychological factors that causes many pro athletes to lose their money. Like many lottery winners, newly-rich professional athletes suddenly find themselves with lots of money out of proportion to their life skills. Hence, either they raise their life skills to match their income or else they lose their money until their net worth again matches their life skills.)