P is my guy--a gotdamn legend--but, he pocket watches too much. To be a player at the height that Kevin does it is time consuming.
He played for 20 years.
KG lost that money because he's black. He didn't have a father and grandfather to teach him how to keep that and show he who to trust.
That plays a role for sure.
I think part of it is also just the mentality of top athletes in general.
If you're a top NBA, NFL, etc. player...you're a
winner. You've competed and won at every single level since you can remember.
I think when brehs take that mentality into the world of investments, they get themselves into potentially dangerous situations.
They think to themselves, alright, this dude has a deal on the table offering 10x returns (or whatever bullshyt the "advisor" is promising them).
It sounds like a great idea. And 10x returns...I'd be stupid
not to sign on! And anyways, how could I lose?
It's the combination of lack of financial knowledge (because of their background) and the mindset you have to have to really kill the game and get to the top of your sport.