[mooby]

Originally Posted by Schneed10

OK well you're naming two things that are EXTREMELY different than what happened to Portis.

Lehman Brothers exposed itself so greatly to the mortgage crisis that it sunk the entire ship, and that turned out to be reflective of disingenuous practices fostered by ignorance of the problem at the Treasury department under Bush. So yeah lots of smart people lost money on that deal because the oversight was lacking.

Portis flat out gave his money to a con man, like Madoff. But the guy Portis gave his money to couldn't boast credentials like former chairman of the NASDAQ, like Madoff could. If you can't tell the difference from the jump then I'd suggest you shouldn't be making your own financial decisions. You should be putting it into passively managed funds, or entrusting it to a licensed broker with instructions that preservation of capital is priority one.

There's losing your money, and then there's doing what Portis did. Your comparisons are not even close to apples & oranges.

To be fair Portis' money managers were both certified/qualified by the NFLPA. It raises an interesting point about the NFLPA's vetting process though.