Quote:
Originally Posted by kane
I read an interesting article a little while back about how most pro athletes lose most or all of their money within 5 years of retiring from their sport. In it there was a guy who is a financial adviser who said that the investments these guys make is part of the problem. He said they don't want to buy bonds and stocks and things that are more balanced they want clothing lines and sports drinks. He then said 95% of all clothing lines ultimately end up failing. I would assume the guy knows what he is talking about, but even if that number is a little bit high the failure rate is through the roof.
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Thanks, I'm going to look into the failure rates, and the industry valuation model etc.
This one has the benefit of a known quantities, not somebody's family member who draws on napkins.