I've made some truly awful investments in my time, but ...

[mahatmakanejeeves]

David Weigel Retweeted

Tom and Gisele "spent over $84 million buying 1.8 million shares in Sam Bankman-Fried's crypto empire after their team found no issues with its financial documentation"

finance.yahoo.com
Tom Brady's team was convinced they were looking at 'legit financials' when they first piled into...
Brady owned 1.1 million shares in Sam Bankman-Fried's exchange but saw his stake wiped out when it collapsed in November.

Link to tweet

[multigraincracker]

1. Threw and interception

on that one.

[bucolic_frolic]

2. Must be top talent on their team!

Benjamin Graham - intrinsic value. Undervalued assets. The great investors know this. I doubt 1.5% of "advisors" pay it any heed, and surely few of those who work the sales side of the business, even with an SEC license.

[Scrivener7]

3. I am usually a pretty good investor, but I bought two stocks

because my niece and nephew (who I adore) went to work for the companies.

Only two, and not too much money in either, but I lost about 80% on both. And both relatives have since left the companies. (One, for example, was Wayfair.)

Your post makes me feel better.

[Walleye]

4. No wonder he was reluctant to retire from football

[JohnSJ]

5. Why anyone would something that is an obvious Ponzi scheme like crypto is beyond me

[Ferrets are Cool]

8. This x 1000

[keithbvadu2]

9. The big money return in crypto is:::

The big money return in crypto is:::
1. Starting it, hyping it, and getting out, leaving the suckers holding the bag.
2. Handling/storing it for others.
A few have profited by 'investing' but not the majority.

[JohnSJ]

13. Which country backs crypto again?

[keithbvadu2]

14. I believe it is Nambia (Trump)

[Freddie]

7. Maybe that's why she divorced him

[Irish_Dem]

12. They say she was upset when he un-retired.

She wanted him to be home with the kids more.

I am sure the money loss didn't help matters.

[Irish_Dem]

10. I only played the stock market one time, and thanks to Obama I made a bit of money.

When Obama was POTUS, GM filed for bankruptcy and was doomed.
The stock went to penny stock and was basically worthless.

I was 100% certain that Obama would bail out GM, even though no one else thought so at the time.

So I called the guy who handles my retirement account and told him to buy GM stock.
I had never called him before to buy stock, he was aware I had no understanding of investment.
So he argued with me.

I told him this was not a financial, but politics, I knew what Obama was going to do.

At any rate, I made a little bit of money on the deal because Obama did bail out GM.

But it is too nerve wracking to play with retirement money like that.
So I never did it again.

[Irish_Dem]

11. So did they lose the whole $84 million?

[LuckyLib]

15. Boo-hoo, Tom. Greed got the best of you.

Football millions weren’t enough?