I don't know how much he spent on lobbying. A low milage 959 is a 1.4 million do... | Hacker News

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jfoutz on Sept 25, 2016 | parent | context | favorite | on: Everybody Thinks They're Middle-Class

I don't know how much he spent on lobbying. A low milage 959 is a 1.4 million dollar car. 9% rate of return?

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I get what you're saying. I just don't see the millions thrown away into nothing. Drugs, parties, wrecked cars, pissing away cash. Mike Tyson was worth $400,000,000. now he has nothing. It's easy to find people that got rich and lost it all. Lottery winners and pro athletes are prime examples.

Granted, spend one dollar less than you earn, and you're winning. He just seems like the kind of guy that has a hard time parting with cash for any reason.

Retric on Sept 25, 2016 [–]

Insurance, and inflation eat into that return. So, no it's not good ROI as a 30 year treasury bond from 1987 beats it let alone the stock market.

The real difference is often positive vs negative investment returns. Most sports stars lose more money from poor investments than they do spending.

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