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The thing I kept thinking of, especially whenever they were talking about "enough to be financially secure" was a quote from Ted Turner just after he donated a
by larrik 16y ago
The thing I kept thinking of, especially whenever they were talking about "enough to be financially secure" was a quote from Ted Turner just after he donated a billion dollars to the UN. (I can't find the quote online, I saw it on TV)
It went something like this:
"I've found that a person really can't spend more than $200 million dollars in their lifetime. Even if you make no attempts to save it or spend it wisely, it's very hard to squander $200 million so badly that you are left with nothing" (that was the gist, at least, but this is from memory)
- anagnorisis 16y agoThe refutation to Ted would be to spend some quality time at the Bellagio poker room. Then again, Ted's likely just referencing people who at least have shreds of sanity in them.
- gersh 16y agoHow did Mike Tyson do it? He reportedly blew $300 million.
- gamble 16y agoBad advisors, bad friends, and bad investments. If you've really got a fortune to squander, that's the way to do it.
- elechi 16y agoThat was only half of his problems. Divorce, a decent chunk of change. Battery assault? Rape? Decent chunk of change. People literally stealing money from you. Tyson's problems had nothing to do with money. Money just made his problems more expensive.
- lurker14 16y agoOne could invest in something like Color 5 times in 5 years.