Church Lady. Remember her? From SNL. YouTube her. Worth it.
Superiority traps happen when those skilled in one area...just assume they'll be skilled as investors.
You were an amazing football player. Could call the D-Line with a wink, and ended up in the Hall of Fame in Canton (Ohio, not China). So, of course, you thought you would be a good equity investor. You mumbled about this notion, and your "advisors" agreed with you. Why not? You can read defenses and throw the ball a long way even with cracked ribs...so why wouldn't you be able to play the markets the way you played the field?
Yeah. Sad story. Happens all the time. The NFL is, in fact, famous for its horrible player misuse of investing vehicles. The NFL tries. They want players to not go bankrupt publicly. They want their players to end up with nice, happy, retired lives, thanking the NFL for the great life all along the way. But the players don't listen. They want that Ferrari today. They want to roll the dice, because, well...they always have rolled the dice and everyone told them how long the odds were that they'd make it in the NFL, so of course this applies to the same long odds that they'd be at all good as investors in the markets.
Superiority trap. Poor house. They kinda go together.
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Finance: What is a windfall?2 Views
Finance Allah Shmoop What is Ah windfall Waterfall snowfall pratfall
that none of those are what we're talking about here
So what's a windfall Well it's an incredible unexpected sudden
fortune usually of the dolla dolla bill variety like you're
at the blackjack table and you think you're only about
to win fifteen bucks for that hand But it turns
out you just won the casinos one million hand and
suddenly you're surrounded by streamers and confetti and heavily made
up women in rhinestone studded dresses And well you're being
handed a massive check for one million dollars Yeah you
should probably not double down or you bought a Powerball
ticket on a whim You usually never waste your money
on these things But you had a single that was
just burning a hole in your pocket And you were
bored while you were waiting in line at the Quickie
Mart there So you took a shot and you scored
and now you're set for life Huge windfall Yeah Final
example You were employee number eight at Google and you
decide to finally cash in your stock options Less of
a windfall and more of a sky fall there but
well it might be time to do a Google search
for how much does it cost to buy your own 00:01:17.84 --> [endTime] island Yeah that's a good one